Flag Resources in deal with Golden Briar
In a private placement, Calgary- based Golden Briar Mines (ME) has issued one million shares from treasury to Flag Resources (ASE) as payment for $150,000 owed to Flag by Golden Briar. Golden Briar Pr…
News
Gigi and Goldbelt start drilling
Drilling has started on the Trophy Gold Project owned by Goldbelt Mines (VSE). The property is in the Galore Creek area, 100 miles northwest of Stewart, B.C., and is under option to Gigi Resources (VS…
Horsham earnings up 46% in quarter
The controlling shareholder of American Barrick Resources (TSE), Horsham (TSE), achieved record second-quarter earnings, thanks to the performance of its oil producing subsidiary. Horsham said net ear…
Ascot, Beauchamps have gold assays
Joint venture partners Ascot Resources (VSE) and Beauchamps Exploration (VSE) say they have identified two anomalous zones of gold and base metals mineralization on their Kiniskan Lake property, 112 m…
Corona boosts gold output by 15% but earnings drop during first
Although Corona’s (TSE) first- half gold production increased by 15% in 1990, lower gold prices and the strong Canadian dollar resulted in an earnings drop for the gold producer. For the first six mon…
Chutine brings N.A. methods to Mexican copper/gold bet
Toronto-based Chutine Resources (VSE) has commissioned a feasibility study to determine the economic viability of a sizable porphyry copper deposit on the San Antonio de la Huerta property in the Mexi…
Prime, partners ready to test GNC showing
A drill rig is set to begin testing of the Tip Top showing at the GNC property in northwestern British Columbia, Prime Resources Group (VSE) reports. The GNC property, which lies adjacent to and, for …
Soviets seek council seat
The Soviet Union is reported to have applied to join the World Gold Council, a lobbying and promotional group whose membership includes more than 90 non- communist mining companies. The application wa…
Cominco earnings dive in first half
Earnings for Cominco (TSE) in the first half of 1990 plunged to $40.3 million from the $141.3 million reported for the first half of the previous year. The drop in earnings was attributed to reduced v…
IOCC GOLD OPTIONS (August 20, 1990)
Options Open Series Volume Last Interest Aug. 390 C 1,970 23.50 1,600 Aug. 400 C 1,975 7.50 2,004 Aug. 410 C 1,025 6.00 774 Aug. 420 C 1,708 4.00 1,064 Aug. 430 C 2,086 1.00 1,168 Nov. 400 C 1,076 25….
Placer promises $53 million to gain stake in Mt. Milligan
Perhaps taking a cue from rival Corona’s wheeling and dealing in the Eskay Creek saga, Placer Dome (TSE) has secured a lockup agreement with certain shareholders of Continental Gold (TSE) whereby they…
U.S. REPORT Infill drilling on Crown Jewel shows continuity
Drilling on the Crown Jewel project in northeastern Washington State continues to return encouraging results. Battle Mountain Gold (NYSE) is earning a 51% interest in the project from Crown Resources …