Montreal Exchange Downturn in market
Whether or not the extra warm weather of late is responsible, something has caused a downturn in the market. While daily trading volumes the past week have been fairly constant (in the 4.8 million-to-…
News
Huntington discovery has epithermal characteristics
The gold discovery on Huntington Resources’ (VSE) Brett property near Vernon, B.C., is not your typical epithermal gold deposit, says project geologist Werner Gruenwald. One of the things that makes i…
COATS Trading Features (July 18, 1988)
Midrim Mining traded more than one million shares this week to a high of 23 cents . The company’s main asset is a 45% interest in Marvic Resources, a private company holding several gold properties in…
Gold production in 1989 at Viceroy California bet
With final permitting expected by January, Viceroy Resource Corp.’s (TSE) Castle Mountain property in California should begin production in mid-1989. Addressing the annual meeting recently, D. Ross Fi…
Canamax ups stake in Bell Creek mine
Canamax Resources (TSE) has acquired the remaining 50% interest in the Bell Creek gold mine from Pamorex Minerals (TSE). The mine is located near Timmins, Ont. Canamax, which owns the other 50% stake,…
Pioner gold loan
A 52,000-oz gold loan has been completed by Pioneer Metals Corp. (TSE) which will fund the company’s share of capital costs at the Premier gold project in British Columbia. Having a value of $28.75 mi…
Corona expands position in Tigris B.C. claim group
Expanding its already sizeable land position on Nickel Plate Mountain near Hedley, B.C., Corona Corp. (TSE) has assumed Lacana Mining’s interest in the large claim group held by newly-formed Tigris Mi…
HSK agreement
Toronto-based HSK Minerals (TSE) has entered an agreement with CMP 1988 Resource Partnership and Co. Ltd. (CMP), in which CMP will subscribe for shares of HSK on a flow-through basis for a considerati…
Alberta Stock Exchange Tarzan climbs high
Volumes were down once again this week as Alberta investors continued to play wait and see with both gold prices and the future direction of the U.S. economy. As a result, the big traders like Interna…
Lencourt to merge with Quill Res.
Lencourt Ltd. (TSE) has agreed to amalgamate with a Toronto- based private exploration company called Quill Resources. According to Lencourt, a letter of intent has been signed in which the company ha…
Cumberland financing
A $211,000 flow-through share placement by Cumberland Resources (VSE) will fund an exploration program on the company’s Prairie River property near Thunder Bay, Ont. Cumberland can earn a 45% interest…
Editorial Mining, too, a victim of over-taxation
Taxation in this country is draining us dry. Indeed it’s up over 1,000% since 1961, reports the reputable Vancouver-based Fraser Institute, which carries out an ongoing assessment of the whole, broad …