Kimex, Wabigoon in option deal
A formal agreement has been completed by Kimex Resources (ME) and Wabigoon Resources (COATS) which gives Kimex the option to earn a 50% interest in Wabigoon’s Hunter gold property in Whitney Twp., nea…
News
IOCC GOLD OPTIONS (July 02, 1990)
Options Open Series Volume Last Interest Aug. 360 C 164 6.30 432 Aug. 370 C 127 3.50 423 Nov. 360 C 84 15.00 158 Nov. 370 C 166 10.00 258 Nov. 380 C 121 7.10 352 Nov. 410 C 50 2.50 342 Nov. 440 C 100 …
Dromedary intersects massive sulphides
Recent drilling on the Dromedary Mountain project 150 miles north of Whitehorse, Yukon, intersected stratabound sulphide mineralization, mainly pyrite and pyrrhotite, including a 14-ft. thick horizon …
Princeton encouraged by drill program
An exploration program at the Similco copper mine near Princeton, B.C., is turning out “encouraging” results for owner, Princeton Mining (TSE). The company believes the area of exploration north of th…
Insider Trading Barrick executive profits from sale
Despite the recent drop in gold prices, American Barrick Resources (TSE) Vice-President John Lill was recently able to profit handsomely after exercising an option to buy shares of the Toronto-based p…
Platinova, Corona extend Skaergaard horizon in Greenland
Recent drilling at the Skaergaard prospect on the east coast of Greenland has extended the length of the gold-platinum group metals layer discovered last year by Platinova Resources (TSE) and Corona (…
Akiko extension
Vancouver-based Akiko-Lori Gold Resources (VSE) has until Aug. 31 to decide whether it’s going to exercise an option on Lansdowne Minerals’ (VSE) Lean-To property. The gold-silver-copper prospect is s…
News in brief Western University Conference
The 27th annual Western Inter- University Geological Conference will be hosted by students at the University of Saskatchewan in January, 1991. It provides a forum for students to present papers on all…
Indigo Gold raises $600,000 for option
Indigo Gold Mines (ASE) expects to raise $600,000 as a result of share purchases and conversion of debentures. Tyler Resources (TSE), Indigo’s parent, has exercised 1.2 million of its share purchase w…
Thunderwood Res. starts drill program at Scott Lake bet
A 25,000-ft. drill program on the Scott Lake polymetallic property 12 miles west of Chibougamau, Que., has been started up by Thunderwood Resources (TSE) The drilling is part of $600,000 exploration p…
Pezim calls Prime board meeting to seek alternative Corona offer
A Prime Resources (VSE) board meeting was scheduled for June 28 to try to resolve some of the differences that have cropped up between Prime and Corona (TSE) since Corona announced its reorganization …
Minorca encouraged by grab samples
Some encouraging results have come out of a rock sampling program at Minorca Resources’ (VSE) Santa Anna gold property near La Sarre, Que. Sampling over four gold-bearing quartz vein systems, Minorca …