Southern Era Resources
Toronto-based SouthernEra Resources (TSE) has completed an initial public offering in Ontario and British Columbia of one million units at 80 cents per unit, the company said recently. Each unit cons…
News
Kewagama funding (July 11, 1988)
A flow-through financing between ME-listed Kewagama Gold Mines (Quebec) and Sofimines 1987 and Co., Ltd. Partnership has been completed, with Kewagama rec eiving $212,911.72 in exchange for 218,370 sh…
Pioneer program at Bonito yields good gold intercept
Exploration drilling at Pioneer Metals’ (TSE) Bonito gold/silver project in New Mexico returned 100 ft of 0.18 oz gold in the Blue Front zone. Drilling is continuing and 12 holes totalling 2,800 ft ha…
VSE takes steps to beef up surveillance with consultant
Saddled with an image problem that fluctuates much like the stock market, the Vancouver Stock Exchange is moving decisively to beef up its market surveillance system. The exchange recently commissione…
Coin Lake prevails for U.S. gold mine
Gold production from the Golden Reward property in South Dakota is expected to begin within six months, Thomas Skimming, chairman and chief executive officer of Coin Lake Gold Mines (TSE), told shareh…
PRODUCER PRICES (July 11, 1988)
ALUMINUM: MW U.S. Market $1.20-$1.29 per lb. (June 30, 1988). ANTIMONY: New York dealer $0.95-$1.00 per lb. (June 30, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New …
Mark V takes second look at Bagdad prospect results
Still without a permit for a mining operation, Vancouver-based Mark V Petroleums and Mines (VSE) has received more encouraging results from the Bagdad gold project in Granite Cty., Mont. With a 200-to…
Dejour cuts wide section at Turquetil
Drill results from Dejour Mines’ (TSE) Turquetil property 225 km southwest of Rankin Inlet in the Northwest Territories have shown good gold grades over significant widths. “It’s a big alteration zone…
Perrex drill program
A 30,000-ft drill program is in progress on the Iris gold property held by partners Perrex Resources (ASE) and The Alberta Gold Exploration Corp (ASE). Located in the Harker-Holloway area east of Math…
Platinova, Corona form joint venture
Toronto-based Platinova Resources (TSE) and International Corona Resources (TSE) have agreed to become joint venture partners, at Platinova’s East Greenland exploration concessions. In 1987, extensive…
Metal Prices FREE MARKET (July 11, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date July 5 July 4 July 1 June 30 June 29 Copper 1370-1375 1395-1410 1345-1350 1377-1380…
Decline is being considered at Garrison Creek’s Michaud
Toronto-based Garrison Creek Consolidated (TSE) has released more encouraging drill results from its 40%-owned Michaud Twp. property 65 miles east of Timmins, Ont. The latest results were obtained fro…