Drilling to start at Quet prospect
A drilling program is expected to start in early September on the Quet prospect, 90 km northeast of Vancouver, B.C. Noranda Exploration, a unit of Noranda (TSE), has the right to earn a 60% interest i…
News
Canadian gold output in ’89 up by 900,000 oz.
Production last year from 80 primary, non-placer Canadian gold mines totalled slightly more than 4.5 million oz., up about 25% from 1988, research firm Metals Economics Group of Halifax reports. About…
Corona wins board control at stikine Res.
Minority shareholders in Stikine Resources (TSE), including Euro- Nevada Mining (TSE), provided the votes needed to place Corona (TSE) at the helm of Stikine management during a recent annual meeting….
Lower profits for B.C. mining industry
British Columbia’s mining industry recorded an all-time high of nearly $4 billion in gross sales in 1989, but an independent survey by Price Waterhouse also shows that the industry suffered a dramatic…
Low Akiko assays
Marginal assay results have been reported by Akiko-Lori Gold (VSE) from recent drilling on the company’s Catharine gold project near Kirkland Lake, Ont. The project is a 50/50 joint venture between Ak…
Copper supplies should drop by year 2000, study predicts
Supplies of copper are expected to tighten through the 1990s despite intense activity in development of new mine projects, a study by London-based Commodities Research Unit says. The tonnage from know…
Geologist acquitted of charge of littering drill-work area
A northwestern Ontario geologist who was charged with depositing debris from a drilling project on Crown land two weeks before his work permit expired in March was recently found innocent in Provincia…
Size of new C lens mystery as Audrey mulls next step
Having completed the first phase of drilling on a newly discovered massive sulphide lens at the Mobrun polymetallic mine near Rouyn- Noranda, Que., Audrey Resources (TSE) and partner Minnova (TSE) are…
McAdam offers shares for debt
Financially troubled McAdam Resources has filed for bankruptcy. The Ontario filing calls for each unsecured creditor to be offered five common shares of McAdam for each $1 of debt outstanding. The pro…
IOCC GOLD OPTIONS (September 03, 1990)
Options Open Series Volume Last Interest Nov. 410 C 852 12.00 1,909 Nov. 420 C 779 10.00 2,227 Nov. 430 C 560 7.50 1,590 Nov. 440 C 1,960 7.00 3,278 Nov. 450 C 225 4.00 199 Nov. 460 C 1,978 4.00 1,429…
INSIDER TRADING Bema shares sold prior to peaking
Results from Bema Gold’s (TSE) optioned Refugio gold property in Chile have made the Vancouver-based gold producer a star performer among smaller Canadian precious metals companies. Its share price re…
Higher oil price latest test for huge Colomac gold project
Cynics say the rising price of oil will make it uneconomic, skeptics are waiting for it to operate through an arctic winter before passing judgment. Even its critics, however, say building the Colomac…