ARX Resources merger
As reported in last week’s issue, a new company called AXR Resources (ASE) has been created through the amalgamation of Argentex Resources Exploration (VSE) and Sholia Resources (ME). However, there w…
News
Lac completes 14 Garrison holes
Fourteen holes have been completed in an ongoing drill program at the 106-claim Garrison gold property in northeastern Ontario, related companies Silverside Resources (TSE) and Proteus Resources (VSE)…
Ex-Pegasus managers to fund Neptune’s dream
To be successful, mining companies run by innovative and free- wheeling people have to be married to financial backers who are equally innovative and free- wheeling. Neptune Resources (TSE) has done j…
Ecudor makes plans for Adanac property
A $2.74-million exploration program is planned this year by Ecudor Inc. (ME) for one of its 15 gold properties in northwestern Quebec. The program on the Adanac property, located six miles southeast o…
Goldplex releases poor Lava results
Toronto-based Goldplex Development (ASE) has received permission to extend its warrants, due to expire on July 31, until Sept 30, next year. However, the conversion price of the warrants will remain a…
Huntington discovery has epithermal characteristics
The gold discovery on Huntington Resources’ (VSE) Brett property near Vernon, B.C., is not your typical epithermal gold deposit, says project geologist Werner Gruenwald. One of the things that makes i…
Vista expects to increase Bootleg bet gold reserves
An underground exploration program at Vista Mines’ (TSE) Rio gold deposit near Creighton, Sask., is producing some encouraging results, the company said recently. The Rio is one of two gold zones (the…
Milner, Madeleine boosting production at Honduran mine
Installations are well advanced towards increasing production to 500 tons per day by the end of the year at its Honduran gold mine, Milner Consolidated Silver Mines (ASE) reports. Operator of the mine…
Onitap, Orex up reserves
The completion of a 12,000-ft drill program has resulted in an increase in reserves at the Goldboro gold property held by Onitap Resources (TSE) and partner Exploration Orex (ME). Located in Nova Scot…
FINANCING (July 18, 1988)
ONTARIO Golden Mink — final rec iss offer 500,000 @ 50 cents per unit to net $250,000. VANCOUVER Cross Lake — 400,000 sold for gross $200,000. Footwall — 500,000 sold for gross $250,000. Keefer –…
Metal Prices FUTURES PRICES (July 18, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul 97.25 95.85 96.25 — 4.25 Sep 92.60 91.20 9…
Metal Prices FREE MARKET (July 18, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date July 12 July 11 July 8 July 7 July 6 Copper 1271-1272 1302-1303 1348-1350 1350-1355 1315-1320 Lead 35…