IOCC GOLD OPTIONS (May 13, 1991)
Options Open Series Volume Last Interest Aug 370 C 2 7.00 3 May 390 P 10 6.30 140 …
News
PROFILE Robert Stairs showcases New Brunswick’s deposits
Throughout Canada, few mineral deposits were successfully developed in the past two years. New Brunswick’s Bathurst camp, however, boasts two profitable new mines. Since they started or resumed operat…
Westmin Myra Falls drilling hits massive sulphides
Recent drilling by Westmin Resources (TSE) at its Myra Falls operation near Campbell River, B.C., returned a massive sulphide intersection in a gap area between the Ridge and H-W zones. The Myra Falls…
Big Creek drilling
A 10,000-ft. drill program will begin in late May on the Nucleus-Revenue porphyry copper-gold prospect in south-central Yukon. This prospect is one of at least two porphyry targets within the 15-mile-…
FUTURES PRICES (May 13, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) May 103.70 102.70 102.90 — 3.00 Jun 102.70 102.70 102.70 — 3.00 Jul …
PDAC Perspectives How the OGS can serve its Toronto clientele
In July, 1986, the Ministry of Northern Development and Mines (MNDM) announced its decision to relocate from Toronto to Sudbury. Industry sources immediately expressed concern as to how this would aff…
Sherritt searches for nickel feed
Finding feedstock for its nickel refinery in Fort Saskatchewan, Alta., remains a priority for Sherritt Gordon (TSE), President Ian Delaney recently told a meeting of financial analysts in Toronto. Boo…
U.S. REPORT Silver tarnishes Nerco earnings
Operating income from Nerco’s (NYSE) mineral segment reached US$1.3 million in the 1991 first quarter, down from US$2.9 million for the same three months in 1990. The company said the decrease in ear…
Majors dominate Yukon exploration
Although the mineral exploration season in the Yukon looks slower than the industry would like, some significant projects are in the works this year. The biggest thing we’re going to see is exploratio…
Alberta Stock Exchange Carlin in option deal
Recently entering into a joint venture agreement for the exploration and development of gold property in Oregon was Carlin Gold, which gained a penny to 35 cents on 22,000 shares for the week ended Ma…
Corona seeks share consolidation
Shareholders of Corona (TSE) will be asked to approve a proposed 1-for-2 consolidation of the company’s subordinate voting shares and common shares and a change in name to International Corona Resourc…
Placer options Dellaterra claims
A draft formal option and joint venture agreement was received by Dellaterra Resources (VSE) from major company, Placer Dome (TSE). Under the terms of the agreement, Placer will pay Dellaterra $50,000…