HSK and Joutel shuffle Queenston Gold assets
Toronto-based HSK Minerals (TSE) and Joutel Resources (TSE) have signed an agreement in which HSK will buy two million common shares of Queenston Gold Mines (TSE) from Joutel. In return, Joutel will r…
1988
Corona acquires option in Messeguay bet
An option agreement has been entered into by gold producer Corona Corp. (TSE) and Quebec junior Messeguay Mines (ME) whereby the former may earn up to a 70% interest in a portion of Messeguay’s Launay…
Plexus financing cancelled
A financing package that would have seen Golden Knight Resources (TSE) purchase one million shares of Plexus Resources (TSE) at $3 each has been terminated. It was contingent upon the latter’s Rawhide…
Suntac looks to revive Polaris-Taku mine
The Polaris- Taku mine in northwestern British Columbia which produced 230,000 oz gold from ore grading 0.47 oz from 1938 to 1951, is being evaluated by Suntac Minerals (VSE) for its potential to agai…
Metal Prices (December 19, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Dec 13 Dec 12 Dec 9 Dec 8 Dec 7 Copper …
Stratmin financing
Financing totalling $450,000 has been announced by Stratmin Inc. (ME), the money to be spent on exploration work at the company’s Mont-Laurier graphite property in Quebec. Stratmin says CMP 1988 Resou…
Kewagama drilling at Granada bet
A preliminary underground drilling program at the Granada property in northwestern Quebec has been completed, Kewagama Gold Mines (Quebec) (ME) reports. A total of 3,288 ft of drilling was carried out…
Initial work by Monopros suggests pipe not viable
Test work conducted by Monopros Limited at its diamond prospect in the Shellbrook area of Saskatchewan suggests the kimberlite structure found there is not economically viable. Monopros, a subsidiar…
Cusac/Gulf Titanium generating cash flow from small Montana mine
Adopting a pay-as-you-go strategy toward mine development, 50/50 partners Gulf Titanium (VSE) and Cusac Industries (TSE) are generating a positive cash flow from limited production at their joint-vent…
Vancouver Stock Exhange Calpine continues to climb
With the Christmas season drawing near, market activity on the VSE has dropped off considerably. The expected seasonal decline and some tax-loss selling impacted on the VSE Index which was off 2.35 po…
Spirit Lake budgets $1.2 M for Edwards
Spirit Lake Explorations (ME) is outlining tonnage at its Edwards gold project, 30 miles northeast of Wawa, Ont. Located immediately east of the operating Kremzar gold mine, operated by Canamax Resour…
Books (December 19, 1988)
Walter Guppy’s book “WetCoast Ventures” (N.M., Dec 5/88) can be ordered directly from him at Box 94, Tofino, B.C. VOR 2Z0. Or you can contact Guppy by phone (when he’s not out prospecting) at 604- 725…