News

After selling a 43% interest in the Bateman Twp. project near Red Lake, Ont., Phoenix Gold Mines (TSE) strengthened its cash position in 1987 the company said recently. As a result of the sale to McFi…

After two years of concentrated exploration at its Val d’Or, Que., land holdings, Toronto-based Aur Resources (TSE) will make its debut this September as a Canadian gold producer. The Toronto company …

Active in Canadian exploration for the past 30 years, United Reef Petroleums (TSE) is continuing along the same path followed by its founder, the late J. H. (Joe) Hirshhorn of Blind River uranium fame…

An active trader the past few weeks, Parquet Resources of Toronto recently released encouraging winter drilling results from property in Courville Twp., near Val d’Or, Que. One of the holes returned 3…

Four drills are at work on property in Garrison Twp. in northern Ontario where Jonpol Explorations (TSE) and two other companies have reported further encouraging results. Jonpol’s joint-venture partn…

Toronto-based Dickenson Mines (TSE) is investigating an amalgamation with Wharf Resources (TSE), in which the former currently has a 33% equity interest. J. O. Kachmar, president of both companies, sa…

The flow-through saga has taken a new turn with the introduction of grants as a replacement for the controversial earned depletion allowance. The new program is designed to aid junior mining and oil a…

Visible gold has been noted in seven percussion holes completed on Cascadia Mines & Resources’ Cariboo-Kiethley Creek properties in southwestern British Columbia. Just over a year ago, the company ent…

Some of the big traders of recent weeks were active once again as Ottawa offered a lifeline to junior exploration companies by extending the present flow-through financing system until the beginning o…

Like many junior explorers across Canada, Anglo Dominion Gold’s (TSE) ability to finance its main projects was hampered by the Oct 19 market downturn. Nevertheless, the Toronto company’s financial pos…

When Mount Wright Iron Mines finally gets the money it’s owed by Exminesa, the company that owns and operates the Rubiales lead-zinc mine in Spain, it should have a significant bundle of cash. Mount…

North American Rare Metals (VSE) is continuing drilling with three machines at the Matagama area gold property which it owns jointly with Dundee Palliser Inc. (TSE). The deepest hole is still open to …