Deak intersects zinc values
The sixth hole drilled by Deak Resources (TSE) on its Magusi base metal property in northwestern Quebec intersected 9.5 ft. grading 8% zinc within an interval of 18.5 ft. grading 5.5% zinc. The values…
News
Ontario Unlisted Regal on the move
Acquiring one land position and entering into a second agreement for another in northeastern Ontario was Regal Goldfields, which for the week ended March 26 closed at 80 cents, up by 20 cents, on a vo…
FINANCING (April 01, 1991)
Big Creek Resources Ltd. 750,000 shs offered @ 81 cents.
EDITORIAL NDP may lose labor’s support
It is interesting to watch the NDP as it drifts away from labor for its sole power base and tries to appeal to more voters through populist issues such as those dealing with the environment. With the …
Exploration firm keeping active in the Yukon
Despite an uncertain outlook for the Yukon exploration industry this season, Archer Cathro and Associates (1981) Ltd. expects to keep busy. The firm, with offices in Vancouver and Whitehorse, accounte…
New $1.5m program for Sulphurets bet
A surface exploration program focusing on both bulk tonnage and high grade vein systems will begin in June on the Sulphurets property in northwestern British Columbia. The 32-square-mile property is 6…
Agnico reports $48-million loss
A $36.9 million writedown on its mining properties and investments in other companies led to a $47.7 million ($1.82 per share) loss for Agnico-Eagle Mines (TSE) in 1990. For the fourth quarter, the lo…
Thunderwood hits wide values at Scott Lake
Scott Lake base metal project partners Greenstone Resources (TSE) and Thunderwood Resources (TSE) have intersected a large copper-zinc-rich stringer zone at the Chibougamau, Que., area property. The n…
Mount Wright to get royalty
A Spanish court of appeal has upheld a 1983 judgment awarding Mount Wright Iron Mines (OTC) nearly $3.47 million in back royalties owed to it by Exminesa, a unit of Cominco (TSE). Mount Wright is 48.3…
Falconbridge profit drops
Lower nickel and zinc prices, coupled with a less favorable U.S. dollar exchange rate and higher depreciation charges, led to a 39% drop in operating profit at Falconbridge last year. The company, own…
IOCC GOLD OPTIONS (April 01, 1991)
Options Open Series Volume Last Interest May 360 C 10 11.00 55 May 390 C 5 2.60 85 Aug.430 C 200 1.80 500 Aug.440 C 25 1.50 70 May 360 P 10 6.50 120 The New York closing gold price was $356.00 per oz….
U.S. REPORT Bunce drilling expanding zone
A drilling program on the Bunce gold property in Pershing Cty., Nev., has extended the Bunce Discovery zone to the north and northeast. Annabel Gold Mines (VSE) is earning a 44% interest in the proper…