Nickel market maintaining its momentum
While no one can guess how long the bull market for nickel will last, it seems a safe bet the price of the base metal will hold up a while longer. More than a few analysts see demand for the metal, wh…
News
Golden Star optimistic as Placer tables Omai results
The occupants of Golden Star Resources’ (ASE) executive suite are starting to feel a twinge of excitement over events at the Omai joint venture gold project in Guyana. While the completion date for a …
Fancamp joint ventures two Quebec properties
Vancouver-based Fancamp Resources (VSE) recently signed a joint venture agreement on the company’s 29-claim Lemoine Twp. property in Quebec with Westminer (Canada) Ltd. Westminer may earn up to a 50% …
Falconbridge doubts nickel price justifies Raglan go-ahead
A conclusion by Falconbridge Ltd. (TSE) that an average price of $4 per lb(US) nickel over the next seven years is unrealistic, is the main factor constraining development of the huge nickel-copper de…
Three drills busy on Bitech’s Nugget Pond
The number of shares Bitech Energy Resources (ASE) has issued recently is probably the main reason for the decline in the company’s share price, not the failure of exploration work to live up to expec…
Aston Resources
Aston Resources (VSE) has optioned a property in Pelletier and La Trappe twps., near Lac St. Jean, Que. Aston can earn a 100% interest in the 38-sq-mi Pike Lake property by making payments totalling $…
Law suits try Chelsea Res as Spotted Horse is tamed
While Chelsea Resources (VSE) attempts to bring costs down at the Spotted Horse gold mine in Lewistown, Mont., two lawsuits brought about by two exploration companies are providing more financial head…
McNickel on COATS
Following an amalgamation of Perch River Mines and Hanson Mineral Exploration, the common shares of the new company called McNickel Inc. (COATS) are now trading on the Canadian Over-the- counter Autom…
Record Inco tax
Inco Ltd., which made more money in 1988 than ever before in its history — $735 million(US) — also paid a record amount of taxes in Manitoba. One of the company’s large nickel mining complexes is si…
IOCC GOLD OPTIONS (April 10, 1989)
Options Open Series Volume Last Interest May 390 C . 1,643 8.20 1,717 May 400 C * 391 4.00 4,230 May 420 C * 529 1.20 2,673 May 440 C * 565 0.60 2,773 Aug 400 C * 323 13.50 1,676…
People (April 10, 1989)
URANIUM RESOURCES — Joe H. Card appointed vice-president marketing; Kelly L. Biddle appointed vice-president, plant manager.
Gamsan completes drilling on Brabant Lake property
Edmonton-based Gamsan Resources (ASE) has completed a first phase winter drill program on its polymetallic property near Brabant Lake in northern Saskatchewan. The company conducted more than 12,000 f…