Greenstone reports El Recio gold veins
Toronto-based Greenstone Resources (TSE) has encountered a new area of gold mineralization at the El Recio property in Costa Rica where the company is conducting a feasibility study for a possible com…
News
Orleans acquiring east coast interests
An agreement has been reached between Orleans Resources (ME) of Val d’Or, Que., and Hathor Resources, a non-trading public company, whereby Orleans may acquire a 50% interest in the latter’s Nova Scot…
Toronto Stock Exchange Low volumes, sluggish trading keep lid on
Trading on the markets was characterized by another week of sluggishness as both volumes and prices remained weak. On Toronto, the composite index gave up 3.86 pts to close at 3,179.62 pts. Volume was…
FUTURES PRICES N.Y. Commodity Exchange (May 30, 1988)
Week’s High Low Close Change COPPER (in US cents per lb.) May 100.00 97.80 98.00 — 5.00 Jul 91.95 89.50 89.75 + 6.15 Sep 88.50 85.80 86.15 — 4.55 SILVER …
Perron pours first gold bar
The first gold bar was poured May 18 from the gold-silver Sleeping Giant mine of Perron Gold Mines (ME). The mine is located near Amos in northwestern Quebec. Perron, part of the Hughes-Lang group, is…
Vancouver Stock Exchange Central Crude takes a big jump
It wasn’t the price of gold and it wasn’t drill results. Central Crude jumped $1.29 to close at $4.15 after touching a year-high of $4.25 this week on volume of more than a million shares on news that…
Brenda quits oil, seeks other interests
It’s probably safe to say the demise of Brenda Mines (TSE) has been greatly exaggerated. The low grade copper producer near Peachland, B.C., has endured two mine closures in recent years and it only r…
Books (May 23, 1988)
Silver Islet: Striking It Rich In Lake Superior by Elinor Barr. ISBN 0-920474-4-1, 160 pages plus endpaper maps, archival photographs and extensive memorabilia. Premiere edition in a planned series of…
Granges assays show high grade
A diamond drilling program has intersected a high grade ore shoot at Granges Explorations’ (TSE) Goldfinch property near Revelstoke, B.C. Windflower Mining (VSE) is the company’s joint venture partner…
Discovery could boost Newfoundland Zinc
What appears to be an important new zinc discovery has been made by Teck Corp. (TSE) at its Newfoundland Zinc mine near Daniel’s Harbour. The mine is owned 63.4% by Teck and 36.6% by a unit of Amax In…
N. Am. Rare Metals issues flow-throughs
North American Rare Metals ME) reports it will be receiving $650,000 from MVP Exploration (1988) and Co. Ltd. Partnership for the issuance to MVP of 755,814 flow-through shares, pursuant to an explora…
Epithermal Israeli targets being explored by Venturex
A letter of intent has been signed between Venturex Resources (VSE), and Manna Minerals, a private Canadian company, concerning two gold exploration permits in Israel. Venturex can earn a 50% interest…