Esperanza raising funds for Tillicum
By way of a proposed flow-through private placement, Esperanza Explorations (VSE) is looking to raise between $300,000 to $500,000 for ongoing exploration of its mineral properties. The company plans …
Articles by Northern Miner Staff
Inel Resources to start $1-million program
A 3-phase program to include underground drilling and development is about to begin on the Inel gold property in northwestern British Columbia. Inel Resources (VSE) owns 50% of the property but can in…
Continental Precious Minerals to bulk sample Arkansas diamond
Continental Precious Minerals (ME) of Toronto is ready to begin work on its diamond claims in Arkansas after receiving financial backing for an initial bulk sample test. After arduous negotiations wit…
Production milestone at Republic gold mine
One of the highest grade ore deposits ever discovered at Hecla Mining Company’s (NYSE) Republic gold mine in Washington State was found 24 hours before the mine was to shut down in 1984. Since that ti…
Letters to the Editor Dome mine misplaced
I read with interest in today’s issue about the Dona Lake mine opening in Pickle Lake, Ont., Placer Dome’s third mine in the province. The article places the Dome mine in Schumacher and does not menti…
Midland to change name as Chile results tabled
Minera Rayrock Inc. (VSE), which was known until recently as Midland Gold Corp. is close to completing a four-for-one share consolidation designed to increase the company’s chances of raising explorat…
Energex moving into oil and gas
A recent agreement to acquire an American oil and gas company signals a change in direction for Energex Minerals (TSE). The company said the recent decline in the price of gold rendered its gold proje…
Placer Dome picks up interest in Jualin property near Juneau
With reserves in the ground and plenty of exploration potential left, the Jualin gold property near Juneau, Alaska, has caught the fancy of Placer Dome (TSE). Besides agreeing to spend $7 million on J…
Thorco to purchase Scottish gold bets
Toronto-based Thorco Resources (TSE) has signed a preliminary agreement to acquire a controlling stake in over one million acres of Scottish gold and silver mining licences. Under the proposed agreeme…
FINANCING (July 17, 1989)
Galico Res — gross proceeds rec $236,250. Goldhill Res — gross proceeds rec $392,000. Pars Res — gross proceeds rec $230,000. Arnica Res — gross proceeds rec $280,000. Brockton Res — gross procee…
Eastern Destor fault draws attention
A large land package covering 25 miles of the western extension of the Destor- Porcupine fault has been assembled by well-known local geologist Robert Middleton. The ground, which is held by a group o…
Bulk sample plans at Bakra project
Vancouver-based Bakra Resources (VSE) has completed four more drill holes at its Sannorm gold property in Manitoba where three zones have been outlined so far. Located 120 miles northeast of Winnipeg,…