Garrison encouraged by drill results
Further drilling is planned on property in Michaud Twp., 65 miles east of Timmins, Ont., reports COATS-listed Garrison Creek Consolidated Mines. The property’s Ludgate zone has been the site of recent…
News
Feasibility study underway at Goldstake’s tailings bet
The U.S. subsidiary of Goldstake Explorations (COATS) is conducting a feasibility study on its Whitewood Creek tailings project in South Dakota’s Black Hills area, shareholders were told at the annual…
COATS Trading Features (July 25, 1988)
Goldstake Exploration, which says the company is about to start producing gold from tailings, was steady at $2.40-$2.80. Volume was 33,000 shares for the week. The company has ground which covers a po…
FINANCING (July 25, 1988)
ONTARIO Released From Escrow Red Lake Buffalo — 475,000 shs released. VANCOUVER Etruscan — 250,000 offered @ 68 cents per sh. Int’l Baron — gross proceeds rec $487,000. Dual — 400,000 offered @ m…
Letters to the Editor Bad deal for minority shareholder
I would like to bring to your attention a most unjust situation which I recently encountered as a small investor, confronted with a forced share sale. A large foreign company, Western Mining Corp. Hol…
J.A.G., Valmont work Malartic bet
Drilling at its Malartic gold property in northwestern Quebec has intercepted a new horizon, bearing free gold and arsenopyrite, about 260 ft south of the main zone, J.A.G. Mines (ME) reports. Preside…
Amax Gold expansion plan to add 40,000 oz per year
From remarks made by Charles Stott, Jr., president and chief executive officer of Amax Gold at the company’s 1988 annual meeting in Golden, Colorado. I’d like to give you an overview of the Sleeper Mi…
Fountain Lk. drills on Boundary zone
A drill program is under way on the Fountain Lake project located 75 miles west of Thunder Bay, Ont. The project is a joint venture involving International Maple Leaf Resource Corp. (VSE) and Tamavack…
Dolphin drilling at Nfld. project
Encouraging drilling results have been reported by Dolphin Explorations (VSE) from its Cape Ray gold project in southwestern Newfoundland. The company, in which Corona Corp. (TSE) has a 44% interest, …
BOOKS (July 25, 1988)
Mining 1988 Financial Times International Year Book. Editor, Helen Wilcock. Published by Lingman Group UIK Ltd., Westgate House, The High, Harlow, Essex CM20 1NE, UK. Price $105(C). Distributed in Can…
Books in Review (July 25, 1988)
SILVER ISLET — Striking It Rich In Lake Superior by Elinor Barr. A Natural Heritage publication, first of its planned Canadian Shield series. 160 pages with excellent archival photographs and memorab…
McAdam toamalgamate with Tashota, Quinteko
An amalgamation of three junior-mining firms — McAdam Resources (TSE), Tashota-Nipigon Mines (VSE) and Quinteko Resources (ASE) — is in the works. Exchange ratios for the amalgamation, for which sha…