Ronrico earns 25% interest in Sikmar bet
A 25% interest has been earned by Ronrico Explorations (VSE) in the Simkar gold project near Val d’Or, Que. An agreement between Ronrico and Fonteneau Resources required the former to spend $2 million…
1988
Mount Wright awaits cash due from Spanish royalty
When Mount Wright Iron Mines finally gets the money it’s owed by Exminesa, the company that owns and operates the Rubiales lead-zinc mine in Spain, it should have a significant bundle of cash. Mount…
Correction (May 09, 1988)
Assay results (N.M., April 25/88) from drilling in northern New Brunswick should have read as follows: Granges Exploration (TSE), Middle River property, values to 0.225 oz gold per ton over 9 ft; Cari…
Anglo Dominion improves financial results in ’87
Like many junior explorers across Canada, Anglo Dominion Gold’s (TSE) ability to finance its main projects was hampered by the Oct 19 market downturn. Nevertheless, the Toronto company’s financial pos…
Metal Prices FUTURES PRICES (May 09, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 96.50 95.00 95.90 + 6.55 Jul 91.10 89.60 90…
Troymin reports property results (May 09, 1988)
Reporting encouraging drilling results from properties in Saskatchewan and Manitoba is Troymin Resources (ASE). At La Ronge, where Saskatchewan Mining Development is the operator, 13 holes representin…
Chile gold bet excites Lac
A gold discovery in northern Chile has been described by the president of Lac Minerals (TSE), Peter Allen, as “highly significant for the company.” The discovery was made on Lac’s 85%-owned Apolinario…
Editorial A poor substitute
If there were any doubts about the success of the mineral exploration industry’s attempts to make the continuation of flow- through financing a political issue, they were laid to rest when the federal…
North American Rare drilling continues
North American Rare Metals (VSE) is continuing drilling with three machines at the Matagama area gold property which it owns jointly with Dundee Palliser Inc. (TSE). The deepest hole is still open to …
Marigold will give Rayrock 13,0-00 more ounces of gold
The decision to go ahead with the Marigold gold project in central Nevada will bring Rayrock Yellowknife Resources’ (TSE) net gold production to around 50,000 oz a year, the annual meeting was told. T…
News in Brief (May 09, 1988)
MSV Resources Inc. (ME) has sold its holding of 1,492,500 shares in Canacord Resources Inc. (TSE) to Prime Capital Corp. The sale represent 10% of Canacord’s issued and outstanding shares.
Jerome, Muscocho need reserve increase soon
With a November deadline to consider, Jerome Gold Mines (ASE) and Muscocho Explorations (TSE) are currently working against the clock to prove up enough reserves to place the old Jerome mine near Sway…