1988


Proxy battle at Massive meeting

The board of directors for Massive Resources (TSE) got a surprise at the company’s annual meeting recently in Toronto. President John Sadowski intended to announce at the meeting that he was negotiati…



Teeshin agreements

Teeshin Resources (VSE) has entered into option agreements with three vendors for claims in the Dome and Sibola Mountain areas of British Columbia. The first deal gives Teeshin the right to earn a 50%…


Teck reserves up

Tundra Gold Mines (VSE) is preparing an offer to purchase the interest held by Teck Corp. (TSE) in the former producing Lamaque gold mine near Val d’Or, Que. The offer will also be for the 1,800-ton-p…


High River Reports Results from Snow Lake Program

The underground drill program now under way at the Snow Lake mine in northern Manitoba appears to be off to a good start. According to High River Resources (VSE), the operator of the exploration progr…


Spot prices at a glance (October 10, 1988)

Week’s Price (US) Change Gold (per oz) $397.25 $ 0.40 Silver (per oz) $ 6.22 + $ 0.04 Platinum (per oz) $507.00 + $12.00 Copper (per lb) $ 1.19 + $ 0.05 Lead (per lb) $ 0.30 +…


Construction at Cheni Gold Mines project on schedule

Construction work at the Cheni Gold project in the Toodoggone area of British Columbia is on schedule, but a switch from shrinkage to blast-hole stoping is expected to increase development costs over …


Battle over Frasergold Continues

The battle for control of the Frasergold project west of Williams Lake, B.C. appears to be far from over. Two Vancouver-based juniors, Southlands Mining Corp. (VSE) and Eureka Resources, (VSE) have lo…


Kingswood bullish on Devon results

Toronto-based Kingswood Explorations (ASE) says it is planning to begin drilling Coulson Resources’ (ASE) Devon mine property east of Timmins, Ont. following a takeover bid for Coulson. Pending shareh…


FINANCING (October 10, 1988)

ONTARIO Markbridge — final rec iss offer 460,000 @ $1.40 per sh to net proceeds $322,000. VANCOUVER Avondale — gross proceeds rec $157,500. Jacqueline Gold — 400,000 sold for gross $160,000. Kyber …


Metal Prices (October 10, 1988)

FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Oct 4 Oct 3 Sept 30 Sept 29 Sept 28 Copper 1535…


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