Goldquest work tops $1 million
More than $1 million was spent in 1987 by Goldquest Exploration (TSE) on exploration work at its properties in the Red Lake area of northwestern Ontario, shareholders were told at the annual meeting. …
News
Micham, Mono project results
Results from an underground exploration program have been received by Micham Exploration (VSE) and Mono Gold Mines (VSE) from their Bannockburn property near Madoc, Ont. A total of 352 ft of drifting …
Letters to the Editor Equal partners
Your recent article (N.M., May 9/88) highlighted the progress made in the development of the Ketza River mining project jointly owned and operated by Pacific Trans- Ocean and Canamax Resources. As a r…
Duration, Locator improve grade at Theresa project
Bulk sampling completed by partners Duration Mines (TSE) and Locator Explorations (VSE) on the Theresa property, has returned much higher grades than initially indicated by drilling. Located south of …
Royex group raises exploration funding
The Royex group of companies has arranged private placements of flow-through shares worth up to a total of $17.25 million for five associated companies which are all listed on the TSE: Royex Gold Mini…
Vancouver Stock Exchange Exploration results can move a stock
Market liquidity continues to be a problem in Vancouver and falling gold prices have made things worse. Many companies are busy refinancing for summer exploration programs so investor interest at pres…
PRODUCER PRICES (May 30, 1988)
ALUMINUM: MW U.S. Market $1.12-$1.18 per lb. (May 12, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.55-$5.70 per lb. (May 12, 1988). CADMIUM: New Yor…
People (May 30, 1988)
Asquith Resources — Atholl Murray appointed to the board of directors.
Antelope drilling Rossland project
A 15,000-ft drill program is under way on the Rossland, B.C., gold property held by partners Antelope Resources and Bryndon Ventures. Located near the former producing Le Roi mine, the Antelope proper…
Northumberland arranges $2.8-million financing
Toronto-listed Northumberland Mines, which is about 90%-controlled by another Toronto-listed company — NovaGold Resources — has reached an agreement with two limited partnerships for $2.8 million in…
Messeguay extension
An extension of the gold-bearing zone 100 ft south of hole ML-87-75, at a vertical depth of between 215 ft and 285 ft, has been intersected at the Launay-Privat property in northwestern Quebec, Messeg…
Tundra expects new reserve figure for Lamaque by June
Tundra Gold Mines (VSE) says it expects to publish by the end of May new ore reserve calculations for the No 4 Plug gold deposit on the Lamaque property at Val d’Or, Que. Following rehabilitation of t…