Orcana, Morgain drop Findore bet
Toronto-based Findore Minerals (COATS) says Morgain Minerals (VSE) and Orcana Resources (VSE) have dropped their option to earn 65% on five patented Garrison Twp., Ont., claims which Findore holds und…
News
Santa Fe Pacific boosts reserves
Gold production at a nominal rate of 100,000 oz. per year is expected to begin in the third quarter of 1991 at the Lone Tree mine owned 100% by Santa Fe Pacific Gold, a unit of Santa Fe Pacific (NYSE)…
Chutine completes Luz copper reserve study
A copper reserve study has been released by Chutine Resources (VSE) for the company’s Luz del Cobre claim situated near San Antonio de la Huerta in northern Mexico. The claim extends over 120 hectres …
Golden Marlin has Northwest assays
A Saskatoon, Sask., company Golden Marlin Resources (VSE), says it has received check assays on several samples extracted from its Northwest gold joint venture with Cameco near Yellowknife, N.W.T. Cam…
Kennecott brings Canadian unit back to life
The long-dormant Canadian subsidiary of Kennecott Corp., backed by its parent company’s renewed commitment to exploration, is beefing up staff, dusting off a decades- old inventory of properties and j…
Belmoral selling 45% stake in Roddy to Metals Research
Belmoral Mines (TSE) has reached an agreement with U.S. company Metals Research (NASDAQ) to sell almost all of its interest in Arizona heap leach gold miner Roddy Resources (TSE). Under the agreement,…
St. Phillips to acquire Stork
Subject to regulatory approval, St. Phillips Resources (VSE) has negotiated the acquisition of Stork Resources through a share issue. St. Phillips will issue the private company’s shareholders 600,000…
Access to land, capital prominent issues in 1991
With 1990 behind us, it is appropriate to review two issues of last year that stood out and are likely to remain prominent in 1991 for not only British Columbia but Canada as a whole — access to land…
Gold King in black
After losing US$25,000 in the 1989 third quarter, Gold King Consolidated (VSE) reported a gain of 9.5US$39,000 for its 1990 third quarter ended Sept. 30. Revenues for the recent quarter increased to U…
Agnico chief tells board of illness
The board of directors of Agnico- Eagle Mines (TSE) was recently told that the company’s president and chief executive officer, Paul Penna, is being treated for cancer. In a press release from the gol…
Teck options Greenland bet of Platinova
An agreement has been entered into between Platinova Resources (TSE) and Teck (TSE) whereby the latter may earn a 50% interest in Platinova’s East Greenland gold- platinum project. To earn its interes…
IOCC GOLD OPTIONS (January 07, 1990)
Options Open Series Volume Last Interest Feb. 360 C 50 36.50 303 Feb. 380 C 47 20.50 940 Feb. 400 C 85 10.00 1,925 Feb. 410 C 40 6.75 1,568 Feb. 420 C 72 5.25 2,280 Feb. 430 C 125 3.00 635 Feb. 460 C …