Glimmer options Barnet property to Canamax
Glimmer Resources (gme:vse) has signed a letter of agreement with Canamax Resources to explore its 132-claim property in Barnet Twp., Kirkland Lake mining district, Ontario. The company’s new gold fin…
1988
Terramar buys California company that owns a former gold producer
Terramar Resource Corp. has agreed to purchase Mount Gaines Resources, a California company whose principal asset is the old Mount Gains gold mine in California. Between 1853 and 1949, the mine produc…
Frankfield to drill at Pickle Lake bet
Diamond drilling is expected to get under way this month on the recently acquired gold property of Frankfield Explorations in the Pickle Lake area of northwestern Ontario, President O. F. Carter tells…
McChip/Noranda venture showed good results
Under the terms of the joint venture agreement between McChip Resources and Noranda Exploration, a successful exploration program costing approximately $400,000 was carried out during the latter part …
Weaco Res. funds Esso drill program
Eight drill targets have been outlined by a $200,000 geological, geochemical and geophysical program carried out by Esso Minerals Canada on the Aimee gold prospect near Flin Flon, Man. These targets a…
Int Curator drilling reveals encouraging reserve picture
Drilling of 23 holes by International Curator Resources has indicated an encouraging reserve picture on its Jualin gold prospect near Juneau, Alaska. The 15,000 ft of drilling indicates probable reser…
Gold’s constant purchasing power gives it special status worldwide
Just about a year ago an event of great significance in the world of gold took place: the United States Mint, for the first time in a generation, struck a legal tender gold coin — the new U.S. Eagle,…
United Gunn anticipates Cuisson Lake dividends
High demand and low inventories have sent copper prices flying and it isn’t just the big producers who are benefiting. The ripples are spreading and one busy trader of late, United Gunn Resources, exp…
Murgold offering raises $690,000
Recently listed for trading on the Toronto Stock Exchange (symbol mgd), Murgold Resources reports it has completed an offering yielding the company $690,000. Murgold, which also trades on the Vancouve…
2.5-km, $65 conveyor belt key to Highland Valley transformation
Visitors travelling the Highland Valley highway at Logan Lake, B.C., last year must have wondered what was going on at the Highland Valley Copper mine site. Slowly taking shape, like some ancient Egyp…
COATS Trading Features (January 18, 1988)
Trading activity has improved on coats following the dismal performance recorded in November, 1987. During that month, the average daily value of shares traded fell to a record low of $1 million. Tota…
Viscount/Skylark start silver-gold production
Production started early December at Viscount Resources’ 50%-owned O.B. silver- gold mine at Greenwood, B.C. The project is a joint venture with Skylark Resources, which is operator. About 80 tons per…