Troymin gets funding for winter projects

Alberta-listed Troymin Resources has received $425,000 to finance its 1987/88 Canadian exploration program, the company said recently.

According to Troymin, a $250,000 placement with MTC Oil and Gas Flow-Through Partnership — 1987 of Calgary has been increased to $325,000 and a new $100,000 flow- through share placement at 40 cents per share with Jefferson Goldfund II Ltd. Partnership has also been completed.

Troymin says it has already spent $100,000 but the balance of the $325,000 will finance a winter program in Saskatchewan’s La Ronge gold belt.

The program includes several thousand feet of diamond drilling at La Ronge. Also targeted for drilling are a number of new geophysical anomalies in the Flin Flon- based precious metal belt.

Project operators Saskatchewan Mining Development Corporation (at La Ronge) and Granges Exploration (at Flin Flon) say field operations will be under way by mid-month.