Ketza River mine in Yukon second for Canamax
It’s now two down and counting for Canamax Resources’ (TSE) chief executive officer, John Hansuld, who has promised a new mine a year for five years. In fact he’s ahead of schedule with the official o…
News
FINANCING (August 01, 1988)
ONTARIO Released From Escrow PPC Oil & Gas Cor. — 230,103 shs released. VANCOUVER Vishnu Res — gross proceeds rec $152,000. First Star Egy — opt exerc on 120,000 @ $0.3025. Killick Gold — gross pr…
Cambior eyes Gordex’s new Maritime gold zone
In a small, modern office on Union Street in the downtown core here, Morton Gordon, chairman of Gordex Minerals (TSE) (and six other publicly- listed gold exploration companies), recounts his earlier …
Fleck completes resampling program on Marathon property
Fleck Resources (VSE) says an extensive resampling and assaying program on more than 2,500 samples has been completed on its Marathon platinum group metals deposit near Marathon, Ont. Assays from the …
Lac reports higher earnings in 2nd quarter
Second-quarter earnings by Lac Minerals (TSE) were 23% higher than for the same period in 1987, and more than twice those recorded during the first quarter of this year. The Toronto-based gold produce…
Cominco options Tom from Hudson Bay M&S
Cominco Ltd. (TSE) has concluded an agreement with Hudson Bay Mining & Smelting (TSE) to explore the latter’s Tom lead-zinc property in the Yukon. The Tom property is located on the Canol Road, close …
People (July 25, 1988)
HUDSON RESOURCES — Peter Haladin acting as president and director due to the resignation of Joseph Balint.
Santana to test airborne gas detector over Nevada
Explorationists may soon have at their disposal a powerful new method of remotely detecting mineral deposits. The instrumentation is being developed by Skyborne Exploration Canada, which is 51%- held …
Alberta Stock Exchange Twin, Louisiana active
A number of Alberta issues eased themselves out of the summer doldrums to post some substantial gains during trading this week. Leading the way were Twin Gold Mines and Louisiana Mining. They both add…
Bentley tries to sell Bagdad Chase mine
Bentley Resources (VSE) is negotiating the sale of its interest in the Bagdad Chase project in San Bernardino, Cty., Calif., to what it describes as a “major U.S mining company.” But the sale is condi…
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, …
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…