Amax to expand Sleeper gold mine
The expansion of Amax Gold’s (TSE) Sleeper Mine near Winnemucca, Nev., is expected to add about 40,000 oz gold to the Colorado company’s annual gold production by 1989, the company said recently. Amax…
1988
Kimex Res. raising exploration funds
An offering to raise $2.4 million in flow-through funding is being made by Kimex Resources (ME) for exploration work. The company, which has interests in 11 properties (eight are wholly-owned), plans …
Northgate acquires shares of Norbeau in Roxmark swap
A share exchange agreement has given a private company called Zinc Metal Corp. 1,339,675 shares of affiliate Roxmark Mines (TSE) formerly held by Northgate Exploration (TSE) of Toronto. In return, Nor…
Black Swan acquires Australian gold find
A significant new gold discovery with near-term production potential has been acquired by Black Swan Gold Mines (VSE) in Western Australia. Located 285 miles north of Perth, the Carlinga Well project …
Metal Prices FUTURES PRICES (May 16, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 102.70 101.20 101.90 + 6.00 Jun 98.50 97.00 …
Goldbrae, Selectek Snow Lake agreement
Selectek Industries (VSE) has reached an agreement with Goldbrae Developments (VSE) whereby Selectek will earn a 50% interest in Goldbrae’s North Star property in the Snow Lake area of Manitoba by spe…
Encouraging results at Trans America, Sherrgold venture
Trans America Industries (VSE) has been advised by its joint venture partner, Sherrgold Inc. (TSE) that preliminary results from a drilling target west of Shortie Lake are encouraging. However, assayi…
Correction (May 16, 1988)
Contrary to what was reported in the May 2 issue of The Northern Miner, Vancouver-based Nevada Goldfields (VSE) has not acquired a 51% interest in Rockford Minerals (TSE).
Minefinders to earn 50% at Greenstone prospect
Minefinders Corporation (VSE) of Toronto says it has entered a joint venture agreement to explore and develop Greenstone Resources’ (TSE) Lada property near Chibougamau, Que. The 57-claim property is …
Galactic Crone Hill leach test negative
A production decision has been delayed at the Crone Hill property of Galactic Resources (TSE) and Quartz Mountain Gold (VSE) because of what they describe as “ambiguous metallurgical results on the he…
Vancouver Stock Exchange Good news from Ottawa for juniors
The federal government’s new exploration incentive program and the extension of the present earned depletion allowance for an extra six months is certainly good news for junior resource companies. The…
Windy Craggy encourages Geddes
Initial indications of “very encouraging” results are reported by Geddes Resources (TSE), from a 35,000-ft definition drilling program on its big Windy Craggy gold- copper-cobalt property in northwest…