Chelsea transfer of mine interest to Northgate
Caught in a financial squeeze because its Spotted Horse mine near Lewistown, Mont., has not met design criteria, Chelsea Resources (VSE) has transferred a 20% direct interest in the mine to Northgate …
News
Golden Knight deal with Plexus Res.
Golden Knight Resources (TSE) has taken down a $3-million private placement in Plexus Resources (TSE). The deal makes Golden Knight, controlled by Teck Corp (TSE), the largest single shareholder with …
Unocal options Moneta claims
Unocal Canada has acquired an option to earn a 50% interest in several claims held by Moneta Porcupine Mines in Michaud Twp., Ont. Unocal can earn its interest by spending $5 million on exploration ov…
Ex-Placer executives form new exploration company
A group of ex-Placer Development (now Placer Dome) executives have formed a new exploration and development company called Pan Orvana Resources. It hopes to raise from $4.5 to $11 million in an upcomi…
Sikaman searches for gold in Mali
An agreement has been reached between Sikaman Gold Resources (TSE) and Canadian Magnesite Mines whereby the latter may acquire a 20% equity interest in a 517-sq-km gold concession in Mali, West Africa…
Goldquest work tops $1 million
More than $1 million was spent in 1987 by Goldquest Exploration (TSE) on exploration work at its properties in the Red Lake area of northwestern Ontario, shareholders were told at the annual meeting. …
Micham, Mono project results
Results from an underground exploration program have been received by Micham Exploration (VSE) and Mono Gold Mines (VSE) from their Bannockburn property near Madoc, Ont. A total of 352 ft of drifting …
Letters to the Editor Equal partners
Your recent article (N.M., May 9/88) highlighted the progress made in the development of the Ketza River mining project jointly owned and operated by Pacific Trans- Ocean and Canamax Resources. As a r…
Duration, Locator improve grade at Theresa project
Bulk sampling completed by partners Duration Mines (TSE) and Locator Explorations (VSE) on the Theresa property, has returned much higher grades than initially indicated by drilling. Located south of …
Royex group raises exploration funding
The Royex group of companies has arranged private placements of flow-through shares worth up to a total of $17.25 million for five associated companies which are all listed on the TSE: Royex Gold Mini…
Vancouver Stock Exchange Exploration results can move a stock
Market liquidity continues to be a problem in Vancouver and falling gold prices have made things worse. Many companies are busy refinancing for summer exploration programs so investor interest at pres…
PRODUCER PRICES (May 30, 1988)
ALUMINUM: MW U.S. Market $1.12-$1.18 per lb. (May 12, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.55-$5.70 per lb. (May 12, 1988). CADMIUM: New Yor…