Flow-through funds HSK’s exploration
Toronto-based HSK Minerals has concluded a flow-through financing with 1987 Tap Mineral Exploration Ltd. Partnership to finance its exploration activities this year. Under the terms of the financing, …
News
Montreal Exchange Maufort big mover
Springing back from a lacklustre performance last week, the Montreal Exchange this week surged into some new ground, reflecting market activity that was said by some observers to stem from relief on t…
Silbak splitting into 2 companies
Shareholders of British Silbak Premier Mines recently voted to split the company in two, to create a resource company and a real estate company. Under the reorganization, all non-mining assets of the …
Multinational at Toodoggone
Exploration work is under way at Multinational Resources’ Toodoggone area property north of Smithers, B.C. The first-phase program will include more than 5,000 ft of diamond drilling in the B zone to …
Old mine workings being investigated
An underground exploration program has been started on Canadian Gold Resources’ Kirkroyal property in Lebel Twp., near Kirkland Lake, Ont., the company reports. The program is being financed by Colray…
Stainless steel production boosts demand for nickel
Demand for nickel is running higher, buoyed by record production of stainless steel by many major producing nations, Shearson Lehman Securities (formerly L Messel & Co. reports in a recent weekly publ…
Gold values encouraging on Westmin Manitoba bet
Westmin Resources reports it has intersected encouraging gold values in diamond drill holes at Utik Lake in northern Manitoba. The property, located 75 miles east of Thompson, is being explored under …
Augmitto on threshold of Beauchastel decision
After nearly fours years of renewed momentum under new management, Augmitto Explorations is just two months away from a production decision on its wholly- owned Beauchastel Twp. gold property in Rouyn…
Drilling started at Tintina bet
A $600,000 work program for this year at Tintina Mines’ silver property at Watson Lake in the Yukon is under way, the company having recently secured the funding by way of a private placement of flow-…
Vancouver Stock Exchange Market turns more positive
The Vancouver market has turned a bit more positive. Although gold hasn’t performed too well lately it’s still at a very respectable level. Indeed, the price is well above the cost of production for m…
COATS Trading Features (July 13, 1987)
Chance Mining gained some ground to close at 95 cents . While no deal is expected, Kidd Creek Mines has shown interest in Chance’s Timmins, Ont., area properties. Kidd Creek is currently completing a …
Steps toward Magino start taken by McNellen, Muscocho
McNellen Resources and Muscocho Explorations report they will jointly finance and install a test- milling facility at their Magino gold property near Wawa, Ont., at a cost of about $5 million. The mov…