People (May 30, 1988)
Asquith Resources — Atholl Murray appointed to the board of directors.
1988
Tundra expects new reserve figure for Lamaque by June
Tundra Gold Mines (VSE) says it expects to publish by the end of May new ore reserve calculations for the No 4 Plug gold deposit on the Lamaque property at Val d’Or, Que. Following rehabilitation of t…
Alberta Stock Exchange Mohave buys producer
For the third week in succession, Mohave Gold was one of the big traders following news that the Calgary company will buy a Nevada- based gold-silver producer called Canyon Development Mining Inc. Tra…
Placer bulk test planned by Macamic
A bulk sampling test on a section of the Chaussegros zone of the Gilbert River gold placer project in the Beauce region of Quebec will be undertaken by Macamic Resources (ME). The company says reverse…
Augmitto gold loan
A gold loan worth up to $10 million, has been arranged by Augmitto Explorations (TSE) with Rothschild Australia Ltd. The loan, which is available until March 31, 1989, remains subject to several condi…
Montreal once site of diamond hunt
Canada is known for its wealth of mineral resources but one variety it has had little to do with is diamonds, although they too have been the subject of exploration campaigns within the country. News …
Metal Prices (May 30, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 24 May 23 May 20 May 19 May 18 Copper 1267-1270 1337-1340 1340-1347 1290-1295 1380-1390 Lead 373-3…
Pacific Trans-Ocean finds Gordon Lake gold values
Edmonton-based Pacific Trans- Ocean Resources (ASE) recently received some encouraging results from the first four holes of a 16-hole program on its 100%-owned Gordon Lake property 70 miles northeast …
Placer, MSV ponder production decision for Eastmain bet
The Eastmain gold project in northern Quebec could be in production late in 1989 should the results of a final feasibility study prove favorable, partners Placer Dome (TSE) and MSV Resources (ME) repo…
La Fosse drill results
Assays have been received by La Fosse Platinum Group (TSE) from two projects in northeastern Quebec. On the Marymac project, located 250 km north of Schefferville, three vertical holes tested the Redc…
MacLellan turns a profit
Operations at the troubled MacLellan gold mine near Lynn Lake, Man., appear to have taken a turn for the better. Under the direction of a new management team put together by Hayes Resources (TSE), the…
Golden Knight/Teck private placement
Golden Knight Resources (TSE) has entered into a flow-through private placement agreement with Teck Corp. (TSE) for aggregate proceeds of up to $5 million. The funds will be used to finance Golden Kni…