Valentine in Arizona
Valentine Gold Corp. has acquired a gold prospect in Gila Cty., Ariz. The terms of the acquisition include a payment of $20,000 and explora tion expenditures of $125,000 over an 18-month period. Gold …
News
People (February 15, 1988)
Getty Resources — Jean-Pierre Januard appointed president and chief executive officer; Phillip de Boos-Smith, Jacques Le Chevalier and Pierre January appointed directors.
Faith drilling
Drilling commenced last month at the Sagar property at Madoc, Ont., Faith Mines of Vancouver reports. The drilling will test extensions to two known zones in which gold was earlier identified. In othe…
June conference
Following up on last year’s theme, the Quebec Metal Mining Association is planning to have speakers at its 1988 annual meeting address the topic of natural resources and regional development. The meet…
Equity Silver improves its financial position
The past year was good for Equity Silver Mines. As well as paying off its bank debt and paying dividends to shareholders for the first time, the company reports it substantially improved its financial…
Western Quebec purchases stake in mining projects
Western Quebec Mines has signed an agreement with one of its major shareholders, Valmag Inc., to purchase Valmag’s interest in two mineral properties known as the Shawkey and Shawkey South. The Shawke…
Husky and SMDC to go underground
Equal partners Saskatchewan Mining Development Corp. and Husky Oil are planning an underground exploration program on their Laurel Lake gold property at Amisk Lake, Sask. Pending the results of the un…
Lacana, Exador find new gold zone at Acad’or bet
A significant zone of gold mineralization has been located on the Acad’or gold-silver property in northern New Brunswick, near Bathurst, joint venture partners Lacana Mining and Exador Resources repor…
Vauquelin increases West block reserves
Probable reserves of 140,000 tons grading 0.18 oz gold per ton and possible reserves of 260,000 tons grading 0.19 oz have been reported by Vauquelin Mines from the West block of the company’s prope…
Sphinx funding
Agreements with two partnerships has netted Sphinx Exploration of Val d’Or, Que., $600,000 in exploration funding, the company reports. Financing of $300,000 was obtained from each of cmp Limited Reso…
Overseas Platinum gets Ecuador gold property
Joint venture partners Overseas Platinum and Wright Engineers have acquired the Las Playas gold-platinum placer prospect in Ecuador. The property was purchased for 100,000 shares and a commitment to s…
Metal Prices FUTURES PRICES (February 15, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb 102.00 99.50 102.00 + 3.50 Mar 98.40 95…