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…
1988
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…
Golden Myra latest player in Goudreau-Lochalsh camp
The latest player in the Goudreau-Lochalsh mining camp northeast of Wawa, Ont., is Golden Myra Resources (TSE). Newly-listed, the company completed a share offering which netted $756,000. The funds wi…
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…
INSIDER TRADES (July 18, 1988)
Barron Hunger Hargrave — J. Hargrave sold 190,500 to hold 4,156,700. S. Hargrave sold 56,000 to hold 2,377,200. Cuvier — J. Lundrigan bought 30,000 to hold 170,000. Echo Bay — R. Lecler c sold 4,60…
News in Brief (July 18, 1988)
A new gold showing has been located on New Beginning’s (VSE) 51-claim University River property in the Mishibishu area of northwestern Ontario. Recent grab samples taken from a 20-ft-wide shear varied…
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…
Correction (July 18, 1988)
Contrary to what was reported in The Northern Miner recently, proven reserves at Borealis Exploration’s (ASE) Fat Lake project in the Northwest Territories stand at 52,500 tons of grade 0.325 oz gold …
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…
Inco earmarks $10 million for Wilanour work
Inco Gold, the wholly-owned affiliate of Inco Ltd. (TSE), is planning an $8-$10-million underground exploration program on the Wilanour gold property near Red Lake, Ont. Inco Gold is the operator of t…
Que. mineral value jumps 24% in 1987
Mineral shipments in Quebec in 1987 were worth $2.71 billion, up 24% compared with the previous year, the province’s Ministry of Energy and Resources reports in its publication Mineral Resources. Expl…
Antimony sales help boost coffers of Dominion Explorers
Sales of antimony from its New Brunswick mine helped Dominion Explorers (TSE) record net income of $1.14 million (3 cents per share) in 1987 compared to a loss of $712,848 (3 cents per share) the ye…