News in Brief (September 05, 1988)
Belmoral Mines (TSE) says it has obtained $2 million in flow-through financing from CMP 1988 Resources Partnership and Company. The funds were obtained in consideration of Belmoral common shares at $2…
News
Lytton’s amalgamation deal with Kiskaya Minerals Corp
Shareholders of Lytton Minerals (TSE) approved the amalgamation of the company with Kiskaya Minerals, a private company. The deal will see control of Lytton pass to Kiskaya shareholders, who will be r…
Legal actions abound at Hemlo gold camp
The Hemlo camp located along the northern shore of Lake Superior in northern Ontario is probably as well known today for the legal squabbles it has engendered as it is for the gold it contains. Supp…
Newfields Expands Presence in Eastern Canada
Already well established in the Kirkland Lake camp of Ont., Newfields Minerals (TSE), recently added two gold projects in Eastern Canada to its property portfolio. That’s in addition to a deal made ea…
Drilling continues at Joubi prospect
Encouraging initial underground drilling results have been reported by operator Western Quebec Mines (ME) from the Joubi gold project in the Val d’Or area of northwestern Quebec. Western Quebec is inv…
Jonpol annual meeting
A little more than a year after drilling its discovery hole on the Newfield property, Jonpol Explorations (TSE) has blocked out a drill- indicated reserve of 1.3 million tons grading 0.231 oz gold per…
Greenstone gets 100% of Millie Mack
Greenstone Resources (TSE) has entered into an agreement to acquire a 100% interest in the Millie Mack gold-silver property near Burton, B.C. The property covers a large tonnage low grade gold-silver …
ATLANTIC REPORT Coxheath Gold’s first gold pour
Coxheath Gold Holdings (TSE) of Bedford, N.S., made its first gold pour in late June at its Tangier, Halifax Cty., gold property and is now pouring 150 to 160 oz per week from the mill’s bulk test fee…
Sonora Gold Corp
An operating loss of $2 million was realized by Sonora Gold Corp.’s (TSE) Jamestown gold mine in California for the first half of this year. The project, which generated revenues of $19.3 million from…
Franco-Nevada tries to get full value from Goldstrike bet
Toronto-based Franco-Nevada Mining (TSE) is planning to make the most of its royalty interest in American Barrick Resources’ (TSE) Goldstrike property near Carlin, Nev. Franco-Nevada holds a 4% net sm…
FINANCING (September 05, 1988)
Fireball — gross proceeds rec $225,000. Hildon — gross proceeds rec $157,500. Pennilane — gross proceeds rec $105,000. Sukuma — 400,000 sold for gross $140,000. …
Bachelor Lake to spend $2m after securing Flordin bet
After securing Cambior Inc.’s (TSE) 51% stake in the Flordin gold property in Desjardins Twp., Que., Bachelor Lake Gold Mines (TSE) is preparing to raise $2 million for exploration at the project. Loc…