Bonanza Metals buys new project
In an agreement with Charlim Exploration (VSE), Bonanza Metals (ASE) will acquire a 70% interest in a property bordering the Poirer/Joutel mining concession in Quebec. Bonanza paid $50,000 cash and wi…
News
Modest results on Douay gold bet
Low gold assays have been reported by Societe d’Exploration Miniere Vior (ME) from four final drill holes on the Douay joint venture in northwestern Quebec. The project is 42% owned by operator Inco (…
Volatility of gold price followed with keen interest
The market collapse of October, 1987, followed by a falling price of gold in 1988 and a depressed price for the precious metal for a good part of 1989, had a devastating effect on junior mining compan…
Gold funds as of Mar. 6
MVP BGR Central Capital Net value $12.20 $6.30 $0.42 Price $11.25 $6.75 $0.34 Discount 7.79% 7.1% 19% Value $72,659,489 $106,084,397 N/A…
Workers awarded shares of Inco
Nickel giant Inco recently awarded about 460,000 shares to 16,000 workers under the company’s employee share award program. Each worker was given 10 common shares and one additional share for each ful…
Pamorex drilling yields positive results
Results from six drill holes completed on the Winnie Lake project near Kirkland Lake, Ont., have revealed interesting base metal values. In January, joint venture partners Pamorex Minerals (TSE) and T…
Claude announces option agreement
An agreement has been reached between Claude Resources (TSE) and Shore Gold Fund (ASE) for the further development of Claude’s Grassy Lake gold property 12 miles northwest of Flin Flon, Man. The optio…
Queenston begins second phase drilling
The second phase of a diamond drill program on Queenston Mining’s (TSE) Upper Beaver mine project in Gauthier Twp., Ont., has commenced. Pamorex Minerals (TSE) is earning a 51% interest in the propert…
Giant charged in mine fatality
Gold producer Giant Yellowknife Mines (TSE) and one of its supervisors have been charged under the Occupational Health and Safety Act in connection with an April 6, 1989, cave-in that killed a Timmins…
IOCC GOLD OPTIONS (March 12, 1990)
Options Open Series Volume Last Interest May 400 C 31 818.50 1,247 May 410 C 30 113.00 1,112 May 420 C 510 7.50 2,372 May 440 C 220 3.00 1,612 May 450 C 284 2.00 1,013 Aug. 440 C 281 8.50 1,168 Aug. 4…
Golden Star offering delayed as Placer drills Guyana zone
Golden Star Resources has decided to wait until partner Placer Dome (TSE) has finalized plans for development of the Omai gold project in Guyana before going ahead with a previously announced public o…
Editorial Small consolation
It may be of small consolation, but the mineral exploration industry is not alone in its suffering as a result of Finance Minister Michael Wilson’s recent budget. Junior mining companies may suffer th…