Brenda sits on cash
With work continuing to dismantle its now-closed copper mine near Peachland, B.C., Brenda Mines (TSE) reported earnings of $1.6 million on revenue of $2.8 million for the first quarter ended March 31….
News
U.S. REPORT Kalahari plans drill program near Homestake
After having acquired and consolidated a substantial land package, Kalahari Resources (VSE) is proposing an aggressive surface exploration program for its Keystone gold project near the famous Homesta…
Curragh files tailings plan
Toronto-based Curragh Resources (TSE) has filed a proposal with the federal government’s Yukon Territorial Water Board for the decomissioning of the tailings area near its zinc-lead operation at Faro,…
U.S. REPORT USMX reports new find at Alligator Ridge property
A third gold discovery was reported by USMX (NASDAQ) from its Alligator Ridge property in White Pine Cty., Nev. The recent discovery of gold mineralization on the Horseshoe target follows the North Y…
Grange looks for partners (June 03, 1991)
A consulting firm was recently hired by Grange Gold (VSE), a junior company looking to investigate possible joint ventures or partnership arrangements for its 50% owned Lovitt Mining. Lovitt owns abou…
Placer options Newfoundland bet
Major company Placer Dome (TSE) plans to fund a $200,000 exploration program this year on the Isle Aux Morts River gold property held by Fortune Bay Resources (VSE) in southwestern Newfoundland. The p…
PEOPLE JORDEX RESOURCES
David DeWitt appointed director.
Goodman boosts Prime ownership
Toronto-based Ned Goodman reported boosting his ownership by 2.3% in Prime Resources Group (VSE), the operator of the Eskay Creek gold exploration project in northwestern British Columbia. Goodman sai…
Inco, Vior boost tonnage on Douay venture’s West zone
A new preliminary reserve estimate of 643,000 tons grading 0.29 oz. gold per ton for the West zone of the Douay joint venture gold project in northwestern Quebec has been announced by Inco (TSE) and S…
Canarc to acquire Suntac interest
A series of transactions proposed by Canarc Resource (VSE) is expected to result in the company owning 37% of Suntac Minerals (VSE). Suntac’s key asset is an option to earn a 60% interest in the Polar…
METAL PRICES FUTURES PRICES (June 03, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jun 101.50 99.80 99.90 — 1.10 Jul 99.45 98.80 99.20 — 0.30 Aug 98.80 98.80 98.80 — SILVER (in US cents per o…
IOCC GOLD OPTIONS (June 03, 1991)
Options Open Series Volume Last Interest Aug 370 C 10 4.50 13 The New York closing gold price was $363.50 per oz. Last quotat…