St. Genevieve funding (November 30, 1987)
St. Genevieve Resources and Societe en Commandite Sofimines 1987 have entered into an agreement whereby Sofimines will contribute $326,400 towards the former’s exploration programs in exchange for 65,…
News
Nevada Capital ups Euro-Nevada holding
Toronto-based Nevada Capital Corp. has acquired, following private agreements, 162,100 common shares of Euro Nevada Mining. In addition to the 1,344,560 common shares and a self administered RRSP owne…
Kimex offering
Value of an offering carried out by Kimex Resources recently admitted to trading on the Montreal Exchange (symbol kmx), was $450,000. Kimex, with offices in Rouyn- Noranda, Que., owns three properties…
COATS Trading Features (November 30, 1987)
Long suffering Carolin Mines shareholders saw some volume this week as 177,000 shares traded hands. The issue was unchanged at $1.70 after hitting a high of $1.80. Carolin owns a low grade gold deposi…
Golden Zone finds new mineralization
Assay results from trench and surface samples indicate two new mineralized areas at the gold-silver prospect held by Golden Zone Developments in the Talkeetna district, Alaska. In addition to the exis…
Metal Prices PRODUCER PRICES (November 30, 1987)
ALUMINUM: MW U.S. Market 79.50 cents -82.00 cents per lb. (Nov 12, 1987). ANTIMONY: New York dealer $1.08-$1.12 per lb. (Nov 12, 1987). BISMUTH: New York dealer $4.75-$4.85 per lb. (Nov 12, 1987). CA…
Utah option on Glencairn claims
Glencairn Explorations has signed an agreement in principle with bhp-Utah Mines, a U.S-based company. Utah has the right to earn a 55% interest in Glencairn’s 24- claim Blue Mountain gold property in …
Hecla going ahead on N.S. bet
A decision by Hecla’s Canadian subsidiary, Hecla Mining Co. of Canada, to proceed with development of the Mooseland gold property northeast of Halifax, N.S., could boost the company’s gold production …
Cryderman plans program
Cryderman Gold is planning an exploration program on its Geraldton, Ont., area property which includes the former producing Sand River gold mine. The program will concentrate on an area 8,500 ft west …
Board change at Zahavy
The completion of effective control of Zahavy Mines was carried out by Noramco Mining Corp. The old board of Peter George, president, A. J. Lewis, general manager and R. G. Lewis, secretary-treasurer,…
Minnova completes B.C. drilling
Minnova Inc. recently completed approximately 4,000 ft of drilling on International Maggie Mines’ Indian River property near Squamish, B.C. The drilling defined two mineralized exhalite horizons withi…
Underground plans on schedule for producing Audrey Resources
The recent rise in copper prices couldn’t have come at a better time for Audrey Resources, which recently started producing underground at its Mobrun polymetallic mine in northwestern Quebec. The comp…