ATLANTIC REPORT Underground work heats up
In Nova Scotia, an unprecedented number of underground exploration programs are either under way, about to commence or being contemplated for 1988 by eight junior exploration companies and two majors….
News
Ronrico reports four new zones
At least four new gold-bearing zones have been identified at the Simkar project located near Val d’Or, Que., Ronrico Explorations (VSE) reports. President D.J. Kemp says management estimates probable …
USMX/Pegasus results said to be significant
A joint venture consisting of USMX Inc. (NASDAQ) and Pegasus Gold (NASDAQ) has encountered “potentially significant gold mineralization” on their Winrock and Casino properties in the Alligator Ridge t…
Earlier drilling at Huntington showed lower grade gold values
The highest grade gold values at Huntington Resources’ (VSE) Brett property near Vernon, B.C., appear to occur at a specific elevation; and this may partly explain why several recently announced holes…
COATS Trading Features (June 27, 1988)
South American Goldfields was active this week, moving to 95 cents on volume of 66,500 shares. The company is active exploring for gold in South America. Transgold continued to show strength, remainin…
Lac intersects Main break at Kirkland West
A 7-ft intersection with a subeconomic grade of 0.11 oz gold per ton wouldn’t merit much attention in the majority of North American exploration projects. But the announcement that Lac Minerals (TSE) …
Dispute at Hemlo’s Golden Giant
Toronto stock promoter Charles Stuart has threatened to get a court injunction to stop Hemlo Gold Mines (TSE) from mining a group of northwestern Ontario claims which he says are rightfully his. In a …
Platinum Lake to test PGM-winning technology
Canada may soon have another platinum group metal (PGM) producer. COATS-listed Platinum Lake Technology is well financed to test a new leaching method for recycling PGMs in catalytic converters from s…
U.S. REPORT Cominco Resources hits sulphide at Buckhorn
Sulphide mineralization has been located one mile north of Cominco Resources International’s (TSE) Buckhorn mine near Carlin, Nev. The new discovery is the product of a major exploration program desig…
Canacord seeks buyer for Silbak interest
Canacord Resources (TSE) is trying to sell its 9.9% interest in the Premier Silbak gold property but hasn’t ruled out the possibility of putting up its share of the financing to put the property into …
U.S. court decision on uranium benefits Canadian producers
The U.S. Supreme Court has ruled that the department of energy in that country is not required by law to restrict the enrichment of foreign uranium if such a restriction would not “assure the maintena…
Letters to the Editor Opposed amalgamations
Re: your article on Kiena, Sigma and Placer (N.M., June 20/88): After the Ontario Securities Commission denied our request for a hearing in the matter of the amalgamations of Placer Dome with Kiena an…