Spot prices at a glance (June 24, 1991)
Price (US) Week’s Change Gold $367.30 -$ 3.40 Silver $ 4.43 -$ 0.08 Platinum $368.25 -$11.50 Nickel** $ 3.86 +$ 0.17 Lead** …
News
NEWS IN BRIEF Shell sells Line Creek
Calgary-based Manalta Coal, a private company owned by the Mannix family, recently purchased the Line Creek open pit coal mine from Shell Canada (TSE). Shell expects to record a pretax loss of $185 m…
IOCC GOLD OPTIONS (June 24, 1991)
Options Open Series Volume Last Interest Aug 360 P 200 3.50 10 The New York closing gold price was $372.00 per oz. Last quotations for gold options traded i…
Queenston positioned for the future
While there were no startling announcements forthcoming at Queenston Mining’s (TSE) well-attended annual meeting, shareholders learned it has much going for it these days putting it well ahead of most…
VSE-listed stock could control Barrick-Newmont successor
General Oriental Investments (VSE), an investment firm controlled by Anglo-French financier Sir James Goldsmith, could emerge with the major share of the combined gold producing assets of Newmont Mini…
NEWS IN BRIEF Waterford explores Storie claims
Based on a recent agreement-in-principle with Tagish Resources, Waterford Resources (VSE) is planning to explore the Storie project in the Eskay Creek region north of Stewart, B.C. Waterford can earn …
U.S. REPORT Glamis options DRX property
A recent agreement with a subsidiary of DRX Resources (NASDAQ) gives Glamis Gold Mines (TSE) an exclusive 90-day option to examine DRX’s Commonwealth gold-silver property. The property is in Cochise C…
Sutton expands Tanzanian holdings
Already the owner of a large nickel deposit in western Tanzania, Sutton Resources (VSE) recently signed an agreement with the government of Tanzania which, if completed, would give the company explora…
Eurus options Columbia’s spectrum
A recently completed agreement between Eurus Resources (VSE) and Columbia Gold Mines (VSE) will allow Eurus to earn a 50% interest in Columbia’s Spectrum/Hawk property in return for a total of $8 mill…
Cross Lake tests copper bet
By spending $23,200 on exploration, Cross Lake Minerals (VS a 50% interest in an early stage copper prospect from Trans Border E (VSE). The 80-claim unit is 50 miles northwest of Prince George, B.C….
Colomac going out on a high note
The Colomac mine of NorthWest Gold(Amex) in the Northwest Territories is scheduled for suspension with the last ore to be delivered to the mill July 3. Milling started in May, 1990, and 2.5 million to…
U.S. REPORT Visible gold at Big Horn
A recent hole drilled by Centurion Gold (NASDAQ) on the Big Horn gold project returned a 27-ft. intersection grading 0.46 oz. gold per ton. Owned 100% by Centurion, the Big Horn property is in the Sa…