Hardrock Extension
Encouraging gold assays have been received by Hardrock Extension (TSE) from the company’s gold property near Geraldton, Ont. Surface stripping and sampling have tested the VG zone for 80 ft. Some of t…
News
ERG Resources get financing
A financing for ERG Resources (TSE) big tailings recovery project near Timmins, Ont., has been arranged. A $41 million gold loan has been provided by Westpac Banking Corp., based in Australia. Pamour …
Levon/Veronex program yields gold in drift
A drifting program on the Congress gold property of Levon Resources (VSE) and Veronex Resources (VSE) near Gold Bridge, B.C., recently intersected a 630-ft long zone grading 0.33 oz gold over an avera…
Letters to the Editor CIM ignored
I was pleased to note that you included Jack McOuat’s speech on Due Diligence as presented at the Toronto Branch of CIM on Sept 15 in your Oct 3, issue. I was disappointed however that you made no men…
Magino mine officially open
The second gold- mine opening in less than a month took place northeast of here recently when the Magino property of Muscocho Explorations (TSE) and McNellen Resources (TSE) officially went into produ…
Magino mine officially open Photo by Muscocho Explorations
Attending the ribbon-cutting ceremony at the joint-venture Muscocho Explorations (50%) and McNellen Resources (50%) Magino mine were, from left: Frank Johnson, Muscocho’s general manager mining operat…
Warm weather allows Gold City Resources to up placer output
Production and gold grades are both up at the Indian River placer project, Gold City Resources (ASE) said recently. Located 35 miles southeast of Dawson City, Y.T., Indian River is a joint venture inv…
Sutton/Crown Drilling Creede Property
Drilling of two deep holes is now under way on the Creede, Colorado silver-gold property held 50/50 by partners Sutton Resources (VSE) and Crown Resource Corp. (NASDAQ). The project is located in the …
COATS Trading Features (October 24, 1988)
Atlantic Goldfields announced a share buy-back plan this week. It intends to buy back certain of its issued shares through open market purchases starting Oct 24. The maximum number of common shares to…
Vancouver Stock Exchange Market ignores `black’ anniversary
The anniversary of “Black Monday” (Oct 19/87) came and went without too much fuss in Vancouver, and appeared to have no significant effect either way on trading patterns which have been stuck in a sid…
INSIDER TRADES (October 24, 1988)
Anglo Canadian Mg — R. Stokes bought 23,000 (Aug-Sept) to hold 572,401. First Canadian Gold — J. Gill bought 400,000 (private) to hold 1,441,413. Mahogany — Goldsil Res bought 48,700, sold 83,500 (…
Drill program for Nickel Plate mine
Golden North Resource Corp. (TSE), owned 42% by Corona Corp (TSE), appears to be spending substantial money in an effort to find new gold deposits in the area of Corona’s Nickel Plate mine near Hedley…