The latest player in the Goudreau-Lochalsh mining camp northeast of Wawa, Ont., is Golden Myra Resources (TSE). Newly-listed, the company completed a share offering which netted $756,000. The funds wi…
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…
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…
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…
Rising interest rates have put a lid on the summer rally — at least for the time being. Combined with summer holidays and investor concerns over inflation and the economy in general, our review week …
Mobilization for a $1.5-million exploration program on Energex Minerals’ (VSE) Al project in the Toodoggone area north of Smithers, B.C., is under way. The program is designed to increase reserves of …
Jerome Gold Mines (ASE) has arranged for a private placement through First Toronto Capital Corp., to fulfill its obligations at the Jerome mine joint venture at Swayze, Ont. Under an agreement with pa…
News that drilling has quadrupled reserves at the Magino gold mine, sent McNellen Resources back to the $4 mark. Although little information has been released about the nature of the deep drill result…
With underground exploration still in progress at Mark V Petroleums and Mines (VSE) Bagdad gold mine near Philipsburg, Mont., the company says it is still encountering high grade mineralization on the…
A problem at one of Cominco Ltd.’s zinc roasters at Trail, B.C., has resulted in a mechanical breakdown. The failure will put the roaster out of service for about a week, resulting in the loss of 2,00…
In a recent article, The Northern Miner incorrectly related Camreco Inc.’s (TSE) accumulated deficit on March 31 to revenues reported during the first three months of 1988. In fact, Camreco reported a…
Shakwak Exploration — Arshad A. Shah appointed director and vice-president, ** petroleum division. **…
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