Texas Star exploring Seattle mine property
An underground exploration program is under way at the Seattle Mine/Flag Hill property at Republic, Wash. The program is being funded by Texas Star Resources (VSE) which can earn a 50% interest in the…
News
Montreal Exchange Mixed-trading week
Mixed trading highlighted this past week’s activity on the ME, where the market portfolio recorded a small loss but the mining and minerals index climbed more than 8 pts. Daily volumes were light, ran…
Bentley tries to sell Bagdad Chase mine
Bentley Resources (VSE) is negotiating the sale of its interest in the Bagdad Chase project in San Bernardino, Cty., Calif., to what it describes as a “major U.S mining company.” But the sale is condi…
Alberta Stock Exchange Twin, Louisiana active
A number of Alberta issues eased themselves out of the summer doldrums to post some substantial gains during trading this week. Leading the way were Twin Gold Mines and Louisiana Mining. They both add…
Correction (July 25, 1988)
Contrary to what was reported in The Northern Miner recently, Galactic Resources and Lepanto Consolidated Mining have blocked out approximately 292,200,000 tons of grade 0.041 oz gold per ton at the L…
Editorial We’re way behind on market regulation
We in this country are subjected to essentially the same market forces — including the excesses and abuses — as are our big neighbors to the south. Yet all too often we follow but lag behind their r…
Vancouver Stock Exchange Seven Mile High gets attention
Surging gold prices did little to muster enthusiasm for most junior resource stocks today. One issue which saw better days during the Hemlo heyday, came back. International Interlake Industries, which…
Messeguay reserves
A mineral reserve (probable and possible) of at least 541,300 tons grading 0.12 oz gold per ton is indicated to date for zone 75 at the Launay-Privat property located 30 miles northeast of Rouyn-Noran…
Michele deal ended
An option agreement between Michele Gold Mines (VSE) and Cathedral Gold Corp. (TSE) has terminated. Under the agreement, Michele had the right to earn a 49% interest in Cathedral’s Addington gold prop…
Holt-McDermott dilution monor problem: Barrick
With all the hype surrounding some astonishing gold discoveries at the Goldstrike operation in Nevada and a lawsuit over the Mercur mine in Utah, American Barrick Resources’ (TSE) newest gold producer…
Obituary Emerson Thompson
Veteran prospector Emerson Huck Thompson died recently at Durham, Ont., in his 81st year. Thompson, who prospected for many years for Conwest Exploration, did most of his lifetime work in Ontario and …
Investment comment Falconbridge issue expected to lag
Riding on some of the healthiest commodity prices seen in recent years, Falconbridge Ltd. (TSE) went into fiscal 1988 in what can only be described as sterling financial shape. The Toronto-based nicke…