Exploration money for Falconbridge
Falconbridge Ltd. says it will raise $13.2 million in flow-through funds to finance Canadian exploration expenditures on the company’s properties this year. Falconbridge says it has an agreement with …
News
Royalty trust considered by Franco Nevada Mining
A study has been commissioned by Franco Nevada Mining Corp. to determine the feasibility of placing the Goldstrike and Post claims located in the Carlin area of Nevada into a U.S. Royalty Trust, says …
Drilling under way at Schell Ranch bet by Colony Pacific
Drilling is under way at the 100%- owned Schell Ranch property in Calaveras Cty., Calif., says Colony Pacific Explorations President Pierre Lebel. Five holes, SR No 16 to SR No 20, were drilled at 100…
A new junior mining policy OSC expected to approve most of
Chances are good that most of the Thompson committee’s proposals for a new securities policy for resource financing in Ontario will be approved, according to the general counsel for the Ontario Securi…
North American Metals sees production potential
The Golden Bear project near Dease Lake, B.C., is proving to be one of the more exciting exploration plays in the province. North American Metals is conducting a major underground drilling program the…
Granduc to participate in Sulphurets 1987 work
It looks like Granduc Mines will be participating in at least the first stage of the 1987 work program on the Sulphurets property in northwestern B.C. Newhawk Gold Mines and Lacana Mining have already…
Letter to the Editor Reader seeks Maybrun information
The Northern Miner has enjoyed a long-established reputation as a perceptive and informative publication, reporting activities within the Canadian mining industry. There is, however, an investigative …
Wide zone trenched on Can America bet
Encouraging gold values have been received by Can America Precious Metals on a property held under option from Cochrane Oil & Gas. Located in the Manitou Lakes area in northwestern Ontario, the proper…
Lansdowne to merge with Beaver Creek
Lansdowne Oil and Minerals plans to merge with Beaver Creek Goldfields on a share-for-share basis following regulatory approval. Beaver Creek recently optioned two properties in Quebec. In Desjardins …
Locator off and running with cash and drilling projects
Newly listed Locator Exploration, headed by well-known geologists Edward Thompson, David Rogers and William Hill, is off and running with more than $400,000 in its treasury and drilling under way on o…
Revenues climb but loss recorded for Falconbridge
Thanks largely to its acquisition of Kidd Creek, revenues for Falconbridge Ltd. soared to $1.1 billion in 1986, compared to revenues of $890 million in the previous year. But while zinc and gold reach…
Cortez rediscovers magnesite deposit
A proven, high grade magnesite ore deposit on and adjacent to the Deer Trail mine property in Stevens Cty., Wash., has been rediscovered, L. George Reynolds, chairman of Cortez International, has anno…