HSK agreement
Toronto-based HSK Minerals (TSE) has entered an agreement with CMP 1988 Resource Partnership and Co. Ltd. (CMP), in which CMP will subscribe for shares of HSK on a flow-through basis for a considerati…
News
Alberta Stock Exchange Tarzan climbs high
Volumes were down once again this week as Alberta investors continued to play wait and see with both gold prices and the future direction of the U.S. economy. As a result, the big traders like Interna…
Lencourt to merge with Quill Res.
Lencourt Ltd. (TSE) has agreed to amalgamate with a Toronto- based private exploration company called Quill Resources. According to Lencourt, a letter of intent has been signed in which the company ha…
Cumberland financing
A $211,000 flow-through share placement by Cumberland Resources (VSE) will fund an exploration program on the company’s Prairie River property near Thunder Bay, Ont. Cumberland can earn a 45% interest…
Editorial Mining, too, a victim of over-taxation
Taxation in this country is draining us dry. Indeed it’s up over 1,000% since 1961, reports the reputable Vancouver-based Fraser Institute, which carries out an ongoing assessment of the whole, broad …
Maufort, Cambior completing dewatering at Siscoe project
The dewatering process at the Siscoe project in northwestern Quebec, to be completed this summer, will open the shaft for exploration to 2,539 ft, Maufort Resources (ME) reports. Maufort’s joint ventu…
Lepanto venture Philippine gold lures Galactic
One of mining’s biggest and best kept secrets was revealed to the world this week by Galactic Resources (TSE) of Vancouver and its Philippines-based partner Lepanto Consolidated Mining. After a detail…
Robex, Veinor test Joutel bet
A new zone at least 1,400 ft long was discovered last year a few hundred feet above a previously investigated pyrite zone at the Joutel property in northwestern Quebec being explored by Robex Resource…
Canada’s newest gold producer
Some 200 invited guests cheer as Mine Manager Ebe Scherkus exhibits the firs t gold bar to be poured at the spanking new mining and milling complex of Dumagami Mines’ (TSE) at Cadillac, Que., Canada’s…
People (July 18, 1988)
Sherritt Gordon Ltd. — Derek Mather and M. Norman Anderson appointed directors.
PDAC planning seminars on mine finding, financing
Need to know more about the finding, development and financing of mines in Canada? The Prospectors and Developers Association of Canada is aiming to fill the gaps in knowledge on these subjects, throu…
Northern Mining has 81 claims in Dunlop Bay area
Ownership of 81 claims (about 3,120 acres) in the Dunlop Bay area of Matagami Lake in northwestern Quebec is reported by Northern Mining Explorations (ME). Since 1985, numerous gold indications have b…