News


BMR joint ventures America Mine project

A wholly owned unit of NERCO (NYSE) recently entered into a joint venture agreement with BMR Gold (ASE) for ongoing development of BMR’s America Mine project. NERCO can earn a 60% interest in the prop…


Big hole near Eskay for Silver Butte, American Fibre

Overshadowed by activities on the neighboring Eskay Creek property, joint venture partners Silver Butte Resources (VSE) and American Fibre (VSE) have quietly drilled some 20 holes totalling 10,135 ft….


FUTURES PRICES (October 22, 1990)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 126.20 124.70 125.50 — 3.50 Nov 120.00 119.00 118.85 — 4.50 Dec 114.60 112.10 113.35 — 4.75 SILVER (in US …


Mahogany merger considered fair

A valuation report and fairness opinion of the proposed amalgamation of Vancouver companies International Mahogany (TSE), Goldsil Resources (TSE) and Magellan Resources (VSE) was completed recently. U…


Micham consolidation

Shareholders of Micham Exploration (VSE) will be asked to consider a 1-for-3-share consolidation at the company’s annual meeting next month. President David Bell says the share consolidation has been …


IOCC GOLD OPTIONS (October 22, 1990)

Options Open Series Volume Last Interest Nov. 390 C 377 5.00 1,016 Nov. 400 C 328 3.50 2,398 Nov. 410 C 445 1.60 2,914 Nov. 420 C 227 1.50 3,456 Nov. 430 C 520 1.20 3,259 Nov. 440 C 410 0.80 4,648 Feb…


SOQUEM to earn in at Chibougamau bets

SOQUEM, the mining exploration wing of the Quebec government, recently signed separate agreements allowing it to earn a 50% interest in two Chibougamau, Que., properties. Under an agreement with Camec…


EDITORIAL Narrower trading range for gold likely

Since Aug. 2 when Iraq invaded Kuwait, gold investors seem to have had a permanent look of puzzlement etched on their faces. Increasing political tensions and the threat of a major military confrontat…



Alberta Stock Exchange Gold shares drop

Investors reacted negatively to recent declines in the price of gold by launching a sell-off which sent many stocks to new lows during the week ended Oct. 16. Although the turmoil on stock markets has…


COATS (over-the-counter) Costigan cuts lead-zinc

Continuing its upward march, Costigan Gold gained another 5 cents for the week ended Oct. 16 as the company announced a base metal discovery 200 km southwest of Bathurst, N.B. All four holes drilled o…


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