Diamonds are forever, but in Saskatchewan?
The discovery of kimberlite, a diamond-hosting rock, near Prince Albert by Monopros Ltd., a subsidiary of DeBeers Mining Company, has many people thinking there could be. Several majors have secured l…
News
Mining fear, not gold
This year securities commissions across North America estimate that tens of thousands of Canadians and Americans will lose in excess of $250 million in stock and investment swindles related to gold sh…
Vancouver Stock Exchange Value of trading in ’88 half of ’87
The anniversary of October 1987’s “Black Monday” is just around the corner, and although it’s the kind of milestone that only an unabashed short-seller could truly love, one need only look at VSE trad…
Roddy Res. getting Bighorn into shape
Plans to put the Bighorn project in Arizona back on track are progressing slowly but steadily, says Roddy Resources President Steven Harapiak. “We’re methodically clearing out the problems,” at the he…
Glen Auden grabs yield high grade
Several high grade gold showings have been discovered by Glen Auden Resources (TSE) on the company’s Sewell-Reeves property near Timmins, Ont. Channel samples across a 3.3-ft width yielded assays up t…
Reserve Estimate Being Compiled For Colony’s Blue Moon Project
A detailed ore reserve estimate is being compiled by the mining consulting firm of Derry, Michener, Booth and Wahl on the Blue Moon polymetallic deposit in California, owned 100% by Colony Pacific Exp…
Seabright feasibility
A preliminary feasibility study is being completed by Seabright Explorations (TSE) on the company’s Touquoy gold property in Nova Scotia. A 20,000-ton bulk sample is also being mined which will be pro…
Esperanza drill program at Tillicum indicates bulk tonnage
A major drill program on the East Ridge zone at Esperanza Explorations’ (VSE) Tillicum Mountain gold property has added an important bulk tonnage dimension to the project. Until recently, reserves wer…
Montreal Exchange Market turns upward
Investors in a buying mood helped propel the ME this holiday- shortened week to higher levels, with the market portfolio jumping almost 50 pts and the mining and minerals index climbing more than 34 p…
FINANCING (October 10, 1988)
ONTARIO Markbridge — final rec iss offer 460,000 @ $1.40 per sh to net proceeds $322,000. VANCOUVER Avondale — gross proceeds rec $157,500. Jacqueline Gold — 400,000 sold for gross $160,000. Kyber …
Spot prices at a glance (October 10, 1988)
Week’s Price (US) Change Gold (per oz) $397.25 $ 0.40 Silver (per oz) $ 6.22 + $ 0.04 Platinum (per oz) $507.00 + $12.00 Copper (per lb) $ 1.19 + $ 0.05 Lead (per lb) $ 0.30 +…
Property acquisition by Card Lake
A base metals property has been optioned by Card Lake Resources (COATS). Located in the Tumpline Lake area of the N.W.T., the property is 60 miles northeast of Yellowknife. Grab samples from two showi…