Metal Prices FREE MARKET (October 01, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date September 25 September 24 September 21 September 20 September 19 Copper 1476-1478 14…
News
Bond sells 810,000 oz forward to cut debt
Taking advantage of the recent run-up in gold prices, Bond International Gold (TSE) has sold forward 810,000 oz. of gold at an average price of US$425 per oz. Bond, 65% owned by Toronto- based LAC Min…
U.S. REPORT Gold Standard loses suit against bank
Gold Standard (NASDAQ), the Utah company that is attempting to win back the Mercur gold mine from American Barrick Resources (TSE), recently lost its case against British banking firm Samuel Montagu &…
COATS (over-the-counter) Trading gets a boost
The market appears to have recovered, at least temporarily, from the low-volume blues. For the first time in months, the week’s five most active stocks registered trading volumes of over 100,000, four…
Nova Scotia govt. drilling on Coxheath’s Tangier mine
A 4,000-ft. drill program designed to test for extensions of a high grade zone at Coxheath Gold Holdings’ (TSE) Tangier gold mine in Nova Scotia got under way recently. Coxheath was forced to shut the…
IOCC GOLD OPTIONS (October 01, 1990)
Options Open Series Volume Last Interest Nov. 390 C 1,050 24.00 837 Nov. 440 C 699 5.50 4,140 Feb. 410 C 544 26.00 499 Nov. 420 C 263 9.00 3,175 Nov. 410 C 247 14.00 2,797 Nov. 460 C 150 3.70 2,103 No…
U.S. REPORT Fleck’s Dunka Road gets further financing
The Dunka Road copper-nickel deposit in Minnesota will undergo further exploration following a joint venture agreement between Fleck Resources (VSE) and Nerco Exploration, a division of Nerco (NYSE). …
Goldbelt drilling Casa Berardi bet
An exploration drilling program has started on 48 claims optioned by Goldbelt Mines (VSE) from Jascan Resources (TSE) in Aloigny Twp., near Joutel, Que. The property is situated about 10 miles northwe…
Golden Hope’s Bellechasse project yields high-grade gold on surface
Samples taken from a heavily mineralized shear zone within the Bellechasse greenstone belt in Quebec have returned some remarkable gold values along a 125-ft. strike length. Of the 27 5-lb. samples ta…
Batachawana survey spurs minor staking
A modest increase in claim- staking activity has been reported in the Batachawana Bay area, north of Sault Ste. Marie, Ont., following the release of an airborne geophysical survey by the Ontario gove…
Armistice seeks funds for Virginiatown work
Toronto-based Armistice Resources (TSE) says discussions are under way with a group of private investors to raise funds for additional underground exploration on the company’s McGarry Twp. gold proper…
Tyranex Gold offering
Aiming for proceeds of $109,620 Tyranex Gold (COATS) is offering one right for every common share held as of Sept. 28. Until Oct. 22, when the rights expire, holders will be entitled to subscribe for …