COATS Trading Features (March 28, 1988)
Tarzan Gold was the volume leader for another week on coats, trading more than 260,000 shares to $1.65. The company has started a major exploration effort on a large tract of land immediately south of…
News
Books in Review (March 28, 1988)
MINING 1988, A Financial Times International Year Book. Editor, Helen Wilcock. Published by Longman Group UK Ltd., Westgate House, The High, Harlow, Essex CM20 1NE, UK. Price $105(C) ($94.50 on standi…
Lyon Lake financing
A financing agreement has been worked out between Lyon Lake Mines and Lyon Lake Partnership (1988) and Co., Ltd. whereby the former will receive $8,285,000 through the issuance of 8,285 units, each un…
Wrightbar financing
An $800,000 financing agreement has been arranged between Wrightbar Mines and CMP 1988 Resource Partnership and Co., Ltd. at 95 cents per share. The money will be used on exploration work at the compa…
Hope Brook find
A new gold discovery has been made by Hope Brook Gold near the company’s gold mine in southern Newfoundland. Drilling 1,000 m west of the mine has encountered a mineralized zone at a depth of 400 m. S…
Sable has good assays on Cassiar gold bet
Encouraging gold assays are reported from a $500,000 underground program recently completed on Sable Resources’ Quartzrock Creek gold property near Cassiar, B.C. The No 2 vein has been exposed by a de…
Rayrock outlines Costa Rica Deposit
Work completed by Rayrock Yellowknife Resources has outlined proven and probable reserves on the Bellavista property in Costa Rica in excess of 10 million tons grading 0.05-0.07 oz gold per ton. Other…
American Platinum gets flow through
A $1-million flow-through share funded platinum exploration program is being planned by American Platinum Inc. for this year. The program will follow up encouraging results from work completed last ye…
Skylark to drill Carlin
A drill program is scheduled to begin shortly on the Pan property held by Skylark Resources (60%) and Pic Prospectors International (40%). Located in the Carlin area of Nevada, the Pan claims have bee…
Metal Prices PRODUCER PRICES (March 28, 1988)
ALUMINUM: MW U.S. Market $1.055-$1.085 per lb. (Mar 10, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (Feb 18, 1988). CADMIUM: New Y…
Mark V to produce gold at Montana
In what appears to be one of the decade’s major bargains, Vancouver-based Mark V Petroleums and Mines has announced a production decision — at a rate of 50,000 oz annually — at a Montana gold proper…
Brohm gets final permits for South Dakota gold mine
All permits are in place for Brohm Resources’ Gilt Edge gold property located in the Black Hills of South Dakota. The $17.5-million open pit, heap leach project is slated to come on stream in August, …