Novamin cuts high grade gold near Cadillac
Early results from a drilling program started Nov 6 by Novamin Resou rces east of Cadillac in northwestern Quebec have returned some good values including one high grade hole. Of 11 holes drilled on t…
News
News in Brief (December 08, 1986)
Agassiz Resources reports a profit of $962,387 on revenue of $17,693 ,661 for the year ended June 30 compared with $1,932,156 on revenue of 13,588,194 for the same period in 1985. For the 3-month peri…
Mono raises funds
Mono Gold Mines has completed a flow-through share issue of 500,000 shares at 60 cents per share. The private placement will provide $300,000 to the company. The cash will fund additional exploration…
Big drill at Casa Berardi
With winter setting in, there is a lot of new drilling getting under way in Quebec’s Casa Berardi area. One of the latest to announce a big program is North American Rare Metals (ME) and its joint ven…
Touring Thompson wins northern support
Prospectors and explorationists in northern Ontario are in general agreement with the recommendations of the Thompson committee report on junior mine financing, Chairman Edward Thompson says. Last mon…
Beaufield awaiting drill assay results
Assays are expected shortly from a 7,000-ft drill program under way on Beaufield Resources gold prospect in Douay Twp., Que. Located east of Joutel, the 111-claim property ties on to the boundary of t…
Macamic to explore Gateford chrome bet
A joint venture agreement has been completed between Gateford Resour ces and Macamic Resources which gives the latter company the right to earn a 50% interest in Gateford’s Reed-Belanger chrome deposi…
Obituary Verne Drake
Verne Drake, a former manager at Orlac Red Lake Mines in northwester n Ontario, has died in Saskatoon, at age 70. A graduate in mining engineering from the University of Alberta, Mr Drake spent a good…
THE EDITORIAL PAGE The winds of flow-through
Amid the recent speculation and fears expressed by many in the ind ustry that flow-through financing may be scrapped or revamped by Finance Minister Michael Wilson in the next federal budget, comes a …
Red Dog, Con mine see Cominco action
As anticipated, Cominco has decided to develop the Red Dog deposit in Alaska which will be the largest zinc producer in the western world when it comes on-stream in 1991. The decision coincides closel…
Nevada gold map
Nevada’s Bureau of Mines and Geology has released a new revision of its map of bulk-mineable gold and silver deposits and prospects. The million-scale map shows the locations of 74 deposits and 81 pro…
Nuinsco’s Cameron Lake ready for 2,700 ft ramp
Site preparations have been completed on Nuinsco Resources’ Cameron Lake gold property in readiness to drive the 2,700-ft-long ramp in the $3.6-million phase one underground exploration program funded…