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…
News
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 +…
Noranda to boost stake in Falconbridge to 29%
When Noranda Inc. (TSE) recently announced plans to increase its stake in Falconbridge Ltd. (TSE) to just under 30%, Chairman Alf Powis said he had no intention of seeking full control. “Our plan is t…
Property acquisition by Card Lake
A base metals property has been optioned by Card Lake Resources (COATS). Located in the Tumpline Lake area of the N.W.T., the property is 60 miles northeast of Yellowknife. Grab samples from two showi…
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…
Tarzan in Joburke
Tarzan Gold (ASE) has entered into an agreement with Noranda Inc. (TSE) which gives Tarzan the right to earn a 50% interest in Noranda’s Joburke property near Timmins, Ont. Tarzan can earn the interes…
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…
Rouyn, Lac mining gold at Francoeur
Production at a rate of 450 tons per day has officially begun at the Francoeur gold mine, near Rouyn Que., equal partners Rouyn Mining Resources (TSE) and Lac Minerals (TSE) say. For the first six mon…