Skylark to drill Carlin
A drill program is scheduled to begin shortly on the Pan property held by Skylark Resources (60%) and Pic Prospectors International (40%). Located in the Carlin area of Nevada, the Pan claims have bee…
News
American Platinum gets flow through
A $1-million flow-through share funded platinum exploration program is being planned by American Platinum Inc. for this year. The program will follow up encouraging results from work completed last ye…
Rayrock outlines Costa Rica Deposit
Work completed by Rayrock Yellowknife Resources has outlined proven and probable reserves on the Bellavista property in Costa Rica in excess of 10 million tons grading 0.05-0.07 oz gold per ton. Other…
Sable has good assays on Cassiar gold bet
Encouraging gold assays are reported from a $500,000 underground program recently completed on Sable Resources’ Quartzrock Creek gold property near Cassiar, B.C. The No 2 vein has been exposed by a de…
Hope Brook find
A new gold discovery has been made by Hope Brook Gold near the company’s gold mine in southern Newfoundland. Drilling 1,000 m west of the mine has encountered a mineralized zone at a depth of 400 m. S…
Lyon Lake financing
A financing agreement has been worked out between Lyon Lake Mines and Lyon Lake Partnership (1988) and Co., Ltd. whereby the former will receive $8,285,000 through the issuance of 8,285 units, each un…
Books in Review (March 28, 1988)
MINING 1988, A Financial Times International Year Book. Editor, Helen Wilcock. Published by Longman Group UK Ltd., Westgate House, The High, Harlow, Essex CM20 1NE, UK. Price $105(C) ($94.50 on standi…
COATS Trading Features (March 28, 1988)
Tarzan Gold was the volume leader for another week on coats, trading more than 260,000 shares to $1.65. The company has started a major exploration effort on a large tract of land immediately south of…
Onitap gets claim
Onitap Resources has optioned a 37-claim property near Goldboro, N.S. The property covers four old shafts which were used to access several gold veins in slate beds years ago. The property is near the…
No glitter at Glimmer
An 8-hole drill program financed by Canamax Resources on a property held under option from Glimmer Resources, has failed to intersect any significant gold mineralization, Glimmer says. Located in Barn…
Arcadia Bay bet gets more work
About $1.1 million will be spent this year exploring for additional gold reserves at Arcadia Bay, N.W.T. Since gold was discovered there in 1963, work by several companies has brought proven ore reser…
St. Genevieve, Augmitto finish second drilling
A second drilling program of 23 holes representing 16,850 ft was recently completed by St. Genevieve Resources and Augmitto Explorations on the Parbec property, located about two miles west of Malarti…