Messeguay extension
An extension of the gold-bearing zone 100 ft south of hole ML-87-75, at a vertical depth of between 215 ft and 285 ft, has been intersected at the Launay-Privat property in northwestern Quebec, Messeg…
News
Tundra expects new reserve figure for Lamaque by June
Tundra Gold Mines (VSE) says it expects to publish by the end of May new ore reserve calculations for the No 4 Plug gold deposit on the Lamaque property at Val d’Or, Que. Following rehabilitation of t…
Alberta Stock Exchange Mohave buys producer
For the third week in succession, Mohave Gold was one of the big traders following news that the Calgary company will buy a Nevada- based gold-silver producer called Canyon Development Mining Inc. Tra…
Placer bulk test planned by Macamic
A bulk sampling test on a section of the Chaussegros zone of the Gilbert River gold placer project in the Beauce region of Quebec will be undertaken by Macamic Resources (ME). The company says reverse…
Augmitto gold loan
A gold loan worth up to $10 million, has been arranged by Augmitto Explorations (TSE) with Rothschild Australia Ltd. The loan, which is available until March 31, 1989, remains subject to several condi…
Hopes of Syngold chief, rest on Donalda property
If Syngold Exploration (TSE) is to join the ranks of Canadian gold producers, the company’s first output should come from the Donalda project near Rouyn-Noranda, Que. While Syngold is busy with explor…
FINANCING (May 30, 1988)
ONTARIO Grand Empire — final rec iss offer 1,200,000 @ $1.20 per sh. Harrington Sound — final rec iss offer 700,000 @ $1.60 per sh to net $560,000. Released from Escrow Ateba — 100,000 shs released…
Carlin royalty up for sale but price tag limits buyers
One of the most valuable assets in the Nevada gold belt is up for sale. Located on the Carlin gold trend near Elko, Nev., and associated with about 15 million oz of untapped gold reserves, it will l…
Montreal once site of diamond hunt
Canada is known for its wealth of mineral resources but one variety it has had little to do with is diamonds, although they too have been the subject of exploration campaigns within the country. News …
Late June start up planned for Coral’s Robertson mine
Vancouver-based Coral Gold Corp. (VSE) has committed itself to a late June startup date for commercial production at the Robertson gold property in Nevada, the company said recently. Located about 35 …
Letters to the Editor Shallow drilling
I was surprised to read in the May 23 edition of The Northern Miner that at Amca’s Silver Cross property in Arizona “water problems have all but eliminatd any chance of finding economic reserves near …
Metal Prices (May 30, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 24 May 23 May 20 May 19 May 18 Copper 1267-1270 1337-1340 1340-1347 1290-1295 1380-1390 Lead 373-3…