Goldplex releases poor Lava results
Toronto-based Goldplex Development (ASE) has received permission to extend its warrants, due to expire on July 31, until Sept 30, next year. However, the conversion price of the warrants will remain a…
News
Golden Myra latest player in Goudreau-Lochalsh camp
The latest player in the Goudreau-Lochalsh mining camp northeast of Wawa, Ont., is Golden Myra Resources (TSE). Newly-listed, the company completed a share offering which netted $756,000. The funds wi…
Metal Prices FREE MARKET (July 18, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date July 12 July 11 July 8 July 7 July 6 Copper 1271-1272 1302-1303 1348-1350 1350-1355 1315-1320 Lead 35…
INSIDER TRADES (July 18, 1988)
Barron Hunger Hargrave — J. Hargrave sold 190,500 to hold 4,156,700. S. Hargrave sold 56,000 to hold 2,377,200. Cuvier — J. Lundrigan bought 30,000 to hold 170,000. Echo Bay — R. Lecler c sold 4,60…
News in Brief (July 18, 1988)
A new gold showing has been located on New Beginning’s (VSE) 51-claim University River property in the Mishibishu area of northwestern Ontario. Recent grab samples taken from a 20-ft-wide shear varied…
Milner, Madeleine boosting production at Honduran mine
Installations are well advanced towards increasing production to 500 tons per day by the end of the year at its Honduran gold mine, Milner Consolidated Silver Mines (ASE) reports. Operator of the mine…
Correction (July 18, 1988)
Contrary to what was reported in The Northern Miner recently, proven reserves at Borealis Exploration’s (ASE) Fat Lake project in the Northwest Territories stand at 52,500 tons of grade 0.325 oz gold …
Onitap, Orex up reserves
The completion of a 12,000-ft drill program has resulted in an increase in reserves at the Goldboro gold property held by Onitap Resources (TSE) and partner Exploration Orex (ME). Located in Nova Scot…
Quebec STurgeon group follows St. Andrew lead
A concerted drive toward production at the Stock Twp. property near Timmins, Ont., has made St Andrew Goldfields (TSE) the star in Quebec Sturgeon River Mines’ (TSE) group of four mining companies. Th…
Grants to Laurentian
Government grants totalling $49,700 will be used by Laurentian University at Sudbury, Ont., to examine and report on the current status of research in remote sensing and its potential application to m…
Toronto Stock Exchange Rate concerns ignored asrally reaches new
Interest rate fears took a back seat to investor desires to squeeze out more profit from the summer rally. During the week, the composite reached a new high before settling back to 3,454.9 pts — down…
First Toronto president says firm a `mining house’
Lest there be any doubt, First Toronto Capital (TSE) is “first and foremost a mining house,” President Chrisilios Kyriakou told shareholders at the annual meeting in Toronto. First Toronto, which went…