Messeguay confirms earlier results
A second assay has confirmed earlier published results from the Launay-Privat gold property situated about 30 miles northeast of Rouyn-Noranda, Que., Messeguay Mines (ME) reports. Hole ML-87-75 return…
News
Alberta Stock Exchange Casamiro climbs
An expected resumption of operations at the Sherwood mine gold property in the Strathcona area of Vancouver Island has given a spring boost to the Casamiro Resources issue. Trading on 333,100 shares i…
Energex starts Nevada drilling
A 4,000-ft reverse circulation drilling program is commencing at Energex Minerals’ (VSE) and Geostar Mining’s Gold Springs project located 150 miles northeast of Las Vegas on the Nevada-Utah border. B…
Muscocho officers report low group equity holdings
While the names Terry Flanagan and Jack McAdam are almost synonymous with the Muscocho Group of companies which includes Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resou…
Committee spreads message about saving flow-through
The Save Flow-Through Committee travelling show continues to spread its message across Canada, with recent meetings in Newfoundland and Manitoba. The committee, which is chaired by Eveline Kasner of K…
Homestake wins battle for North Amer. Metals
The takeover battle for North American Metals appears to be over with U.S. gold producer Homestake Mining emerging as the victor. By midnight April 15, shareholders had tendered approximately 5.4 mill…
Metal Prices PRODUCER PRICES (April 25, 1988)
ALUMINUM: MW U.S. Market $1.11-$1.21 per lb. (Apr 7, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.70-$5.85 per lb. (Mar 24, 1988). CADMIUM: New York…
Northgate, Whim do share swap
Northgate Exploration (TSE) has agreed to exchange its 3.8 million shares of Westfield Minerals (TSE) and 3.32 million options to purchase Westfield shares for an equal number of shares and options of…
Terra Mines focusing on Mexican interests
It’s out with the old and in with the new for Terra Mines (TSE), focusing attention on two gold projects in Mexico following the sale of its two Northwest Territories precious metal properties. The co…
Royex taking centre stage
When the Royex Mining group of companies announced its plan to amalgamate and form what could be Canada’s third largest gold producer, the story gained quite an audience but no one expected the show w…
Belmoral reports increased income
Net income of $2.25 million (6 cents per share) was reported by Belmoral Mines (TSE) for the first quarter of 1988, compared with $1 million (4 cents per share) for the same period last year. Revenues…
Lac, Queenston proceed on Kirkland West project
One of the most promising exploration plays in the Kirkland Lake, Ont., gold camp will undergo a major underground exploration program this spring. Following a series of discussions on a joint venture…