Kimex Res. raising exploration funds
An offering to raise $2.4 million in flow-through funding is being made by Kimex Resources (ME) for exploration work. The company, which has interests in 11 properties (eight are wholly-owned), plans …
News
Northgate acquires shares of Norbeau in Roxmark swap
A share exchange agreement has given a private company called Zinc Metal Corp. 1,339,675 shares of affiliate Roxmark Mines (TSE) formerly held by Northgate Exploration (TSE) of Toronto. In return, Nor…
Black Swan acquires Australian gold find
A significant new gold discovery with near-term production potential has been acquired by Black Swan Gold Mines (VSE) in Western Australia. Located 285 miles north of Perth, the Carlinga Well project …
Metal Prices FUTURES PRICES (May 16, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 102.70 101.20 101.90 + 6.00 Jun 98.50 97.00 …
Goldbrae, Selectek Snow Lake agreement
Selectek Industries (VSE) has reached an agreement with Goldbrae Developments (VSE) whereby Selectek will earn a 50% interest in Goldbrae’s North Star property in the Snow Lake area of Manitoba by spe…
Encouraging results at Trans America, Sherrgold venture
Trans America Industries (VSE) has been advised by its joint venture partner, Sherrgold Inc. (TSE) that preliminary results from a drilling target west of Shortie Lake are encouraging. However, assayi…
Correction (May 16, 1988)
Contrary to what was reported in the May 2 issue of The Northern Miner, Vancouver-based Nevada Goldfields (VSE) has not acquired a 51% interest in Rockford Minerals (TSE).
Minefinders to earn 50% at Greenstone prospect
Minefinders Corporation (VSE) of Toronto says it has entered a joint venture agreement to explore and develop Greenstone Resources’ (TSE) Lada property near Chibougamau, Que. The 57-claim property is …
Silver reserves top 1.4 million oz, Silverside says
Proven, probable and potential reserves at the North Cobalt silver property in northern Ontario stand at more than 1.4 million oz grading 44 oz silver per ton, Leith Hellens, president of Silverside R…
Asquith expands property interests
Asquith Resources, a company under the direction of geological consultant J. L. Tindale, is concentrating on its gold property in the Shiningtree area of northeastern Ontario, but the company has also…
Ketza ups Yukon gold output
Steeped in the folklore of the Klondike and the great gold rush of 1896, the Yukon Territory is once again making a significant contribution to Canada’s cumulative gold output. But this time the produ…
Metal Prices PRODUCER PRICES (May 09, 1988)
ALUMINUM: MW U.S. Market $1.04-$1.08 per lb. (Apr 21, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.65-$5.80 per lb. (Apr 28, 1988). CADMIUM: New Yor…