Boston Bay has 90% control of Lac des sles
In a recent story on Madeleine Mines, it was stated that Belleterre Quebec owns 90% of The Platinum Group. As that property was owned by Boston Ba y, was tha t company taken over by Belleterre? Please…
News
Moss gets approval for Power purchase
Toronto-based Moss Resources (ASE) says it has entered into a $500,000 flow-through private placement with Goldnev Resources In other news, Moss says the transfer ot its interests in 21 mineral proper…
Reed seeks funding
An equity financing is being sought by Reed Lake Exploration (ASE). If completed, the cash raised would fund a follow-up exploration program o n Reed’s Holdswo rth gold property near Hawk Junction, On…
Rayrock, partners place Marigold into production
A new heap leach gold operation in northern Nevada, the Marigold mine, has enered commercial production. Operated by Rayrock Yellowknife Resources (TSE), the mine will produce a projected 60,000 oz pe…
No Ghost Town From Atlas Copco Comments, a publication of Atlas
One of the facts of life in the mining industry is that every ton of ore taken from a deposit reduces the productive life of that deposit by one ton. If the process continues, eventually no more tons…
Nalcap seeks liquidation of Equity Preservation
If Nalcap Holdings’ (VSE) President Michael Smith has his way, the main item of business at the next meeting of Equity Preservation Co rp. will be a proposal to liquidate the company. Nalcap, which c…
Hemlo grades decline at depth
One assumption about the Hemlo orebodies has been that the gold grade consistently rises and the deposit widens with depth. That’s only half true. In both the Golden Giant mine, operated by Hemlo Gol…
Verdstone, Sirius to sample placer claims
Bulk sampling of a placer gold deposit, situated 100 miles northeast of Watson Lake, N.W.T., is scheduled to get under way this month by partners Sirius Resources (VSE) and Verdstone Gold (VSE). The…
FINANCING ONTARIO
Timmins Nickel — final rec iss offer min 1,700,000 & max 3,800,000 @ $1.75 perish to net min $2,737,000 & max $6,118,000. VANCOUVER Lynnfield Res — 525,000 offereed @ 45 cents per sh. Oropex Miner…
Corona earns stake in Iskut claims
Gold producer Corona Corp. (TSE) is emerging as a major player, both directly and indirectly, in northwestern British Columbia’s gold c amps. The company already has varying interests in a number of c…
Placer Dome finances metallurgical testwork at J&L
The J&L property near Revelstoke, B.C., contains a gold, silver, lead and zinc deposit with potential to be a polymetallic mine. But because the mineralization at J&L is refractory and contains high a…
Intl. Platinum busy on five properties
A diamond drilling program is under way on the Picket Pin project of International Platinum (TSE). The property is nine miles from the Still water platinum-pal ladium mine in Montana. In a recent prog…