Star Valley acquires Nevada claims option
The United States subsidiary of Star Valley Resources (VSE) has acquired an option to earn a 60% interest in the Tag mine/Wildcat gold prospect 35 miles north of Lovelock, Nev. The land position was a…
News
FUTURES PRICES (April 10, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 128.50 128.20 128.30 — 10.60 May 129.10 126.70 128.20 — 9.20 Jul 122.20 120…
Vancouver Stock Exchange GKelan highlight of a slow week
Another sluggish trading week came and went on the Vancouver Stock Exchange. With gold prices still weak, and even some base metals prices showing signs of softening, brokers here say interest in juni…
IOCC GOLD OPTIONS (April 10, 1989)
Options Open Series Volume Last Interest May 390 C . 1,643 8.20 1,717 May 400 C * 391 4.00 4,230 May 420 C * 529 1.20 2,673 May 440 C * 565 0.60 2,773 Aug 400 C * 323 13.50 1,676…
Record Inco tax
Inco Ltd., which made more money in 1988 than ever before in its history — $735 million(US) — also paid a record amount of taxes in Manitoba. One of the company’s large nickel mining complexes is si…
McNickel on COATS
Following an amalgamation of Perch River Mines and Hanson Mineral Exploration, the common shares of the new company called McNickel Inc. (COATS) are now trading on the Canadian Over-the- counter Autom…
Aston Resources
Aston Resources (VSE) has optioned a property in Pelletier and La Trappe twps., near Lac St. Jean, Que. Aston can earn a 100% interest in the 38-sq-mi Pike Lake property by making payments totalling $…
Val d’Or, Abcourt deal
An agreement between Val d’Or Resources (ME) and Abcourt Mines (ME) concerning the Vendome zinc-gold deposit has been renegotiated. Located near Val d’Or, Que., the Vendome deposit hosts reserves of 3…
Quintette, Bullmoose receive open pit mines safety awards
Two northeastern British Columbia coal mines have been officially recognized as the safest open pit mines in the province. For the second year in a row, Quintette Coal Limited was presented a trophy b…
Skyline drilling to expand reserves
Based on results from an underground drilling program that began last fall, Skyline Gold Corp. (TSE) expects to prepare an updated reserve report at the end of April. The company is operator and 100%-…
Low costs offset gold prices for FMC
By continuing to stress efficient operations and low cost production, FMC Gold Company (NYSE) expects to weather the recent downturn in gold prices and maintain its status as one of the most profitabl…
Trio in Carlin (April 10, 1989)
Trio Gold Corp. (ASE) has acquired a 100% interest in 29 claims near Elko Cty, Nev. The claims are within the prolific Carlin trend, a major geological feature hosting several large open pit gold depo…