Stratmin plans more drilling on graphite bet
More drilling is planned by Stratmin Inc. of Montreal along a 6,000-ft electro-magnetic anomaly on a wholly-owned graphite property located south of Mont Laurier, Que. The company recently released th…
1988
Placer Dome and Lucero in Brazil
An agreement between Placer Dome and Lucero Resource Corp. will provide funds for acquisition of a gold property in Brazil. The agreement calls for Placer Dome to spend $120,000(US) by the end of 1988…
Severide, Pure Gold
Encouraging gold values are being intersected by partners Severide Resources and Pure Gold Resources from a mineralized zone ranging up to 330 ft in width. The property is near Fort Hope, Ont. Drillin…
Letters to the Editor Collaring a ramp?
Would you please explain to your readers just how you “collar” a ramp? (First bulk test on Fontana bet, — (N.M., March 14/88). Maybe you should color the ramp — like the Yellow Brick Road. Could I c…
Noranda ups reserves at Banbury’s B.C. bet
Drilling by Noranda Exploration has increased reserves on Banbury Gold Mines’ Hedley, B.C., property. Noranda has the right to earn a 51% interest in the property by spending $3 million before the end…
Zinc plays catch-up with other metals
While not quite emulating the price run-ups experienced of late by copper and nickel, zinc has seen its price rise and, according to the securities firm Shearson Lehman Hutton, is trading at its highe…
Mimiska acquisition
Assets of Fern Elizabeth Gold Exploration, including 40% of the Fern Elizabeth and Hill Lake properties in the Atikokan area of northwestern Ontario, have been acquired by Mimiska Exploration. The Fer…
Teeshin suing 5 companies involved in Dome Mountain
Legal proceedings have been launched by Teeshin Resources of Oakville, Ont., in the Supreme Court of British Columbia against five companies, all of whom are involved in the Dome Mountain gold-silver …
Hayes debenture
Hayes Resources has received approval from the Toronto Stock Exchange to lower the conversion price of its 40 million Swiss franc convertible debentures. The conversion price will be lowered to $1.50 …
Metal Prices FREE MARKET (April 04, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 29 Mar. 28 Mar. 25 Mar. 24 Mar. 23 Copper 1293-1295 1300-1302 1260-1262 1330-1332 1292-12…
Gulf ups bid for Asamera
Common shareholders of Calgary-based Asamera Inc. are going to get more money for their shares under a revised takeover bid by Gulf Canada Resources. The large oil and gas producer has increased its o…
INSIDER TRADES (April 04, 1988)
Augdome — B. Gerol sold 96,837 to hold 5,050. Canuc — K. Murton bought 35,000 (private) to hold 227,554. Cheni Gold — Com Francaise de Mines bought 43,700 common shares and 68,570 units to hold sam…