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…
News
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…
INSIDER TRADES (May 23, 1988)
Barron Hunter Hargrave — J. Hargrave sold 136,000 to hold 4,571,200. S. Hargrave sold 215,000 to hold 2,519,200. Belore — Merbank Capital bought 500,000 (private) to hold 500,000. Dickenson — R. Va…
People (May 23, 1988)
Aintree Resources — Herbert Ackerman appointed president; Terry Fields director, succeeding Peter Cox who has resigned.
Goldbrook in Beardmore area
Goldbrook Explorations has acquired an option to earn a 50% interest in a 65-claim property 50 miles north of Beardmore, Ont. Located near the Onaman River, the property covers several polymetallic de…
St Andrew finances Stock Twp mill
Toronto-based St Andrew Goldfields (TSE) has raised approximately $22.1 million through a European financing for construction of a 500-ton-per-day mill at its Stock Twp. property near Timmins, Ont. Un…
Cliff’s Green Hill mine in production
Toronto-based Cliff Resources (TSE) is putting one of North America’s biggest placer gold mining operations through its paces as it attempts to locate additional reserves along the Olinghouse mining d…
Michele Gold seeking funds for three drilling programs
VSE-listed Michele Gold Mines is attempting to raise funds for exploration on three properties, all in Ontario. The company has an option to earn a 49% interest from TSE-listed Cathedral Gold Corp. in…
Gordex to test mine potential
A 30,000-ft program is planned to test the underground mining potential of a wide gold zone, discovered earlier this year (N.M., Feb 29/88), about 1 km north of the open pit gold mine at Cape Spencer,…
Parquet drilling
Hole PC-93 of a winter drilling program returned 10 ft of 0.22 oz gold per ton and 32 ft of 0.31 oz, Parquet Resources (TSE) reports from its wholly-owned Courville Twp. property at Val d’Or, Que. The…
News in Brief (May 23, 1988)
Argo Development has changed its transfer agent to Guaranty Trust Co.