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
Huntington discovery has epithermal characteristics
The gold discovery on Huntington Resources’ (VSE) Brett property near Vernon, B.C., is not your typical epithermal gold deposit, says project geologist Werner Gruenwald. One of the things that makes i…
Vista expects to increase Bootleg bet gold reserves
An underground exploration program at Vista Mines’ (TSE) Rio gold deposit near Creighton, Sask., is producing some encouraging results, the company said recently. The Rio is one of two gold zones (the…
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…
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…
FINANCING (July 18, 1988)
ONTARIO Golden Mink — final rec iss offer 500,000 @ 50 cents per unit to net $250,000. VANCOUVER Cross Lake — 400,000 sold for gross $200,000. Footwall — 500,000 sold for gross $250,000. Keefer –…
Metal Prices FUTURES PRICES (July 18, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul 97.25 95.85 96.25 — 4.25 Sep 92.60 91.20 9…
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…
Gold production in 1989 at Viceroy California bet
With final permitting expected by January, Viceroy Resource Corp.’s (TSE) Castle Mountain property in California should begin production in mid-1989. Addressing the annual meeting recently, D. Ross Fi…
American Reserve hits at Paymaster
Deep drilling completed on the Paymaster mine property in Timmins, Ont., has intersected strong gold values 175 ft below the workings of the shutdown mine, partners Associated Porcupine Mines (TSE) an…