IOCC GOLD OPTIONS (March 18, 1991)
Options Open Series Volume Last Interest Aug. 380 C 2 10.50 78 Aug. 400 C 40 6.00 93 Aug. 440 C 25 1.60 70 The New York closing gold price was $364.50 per oz. Last quotations for gold options traded i…
News
`Digger’ Gorman concludes series with talk on prospecting
Well-known and respected geologist Dr. D.H. “Digger” Gorman will give the concluding paper in a series of five talks on prospecting and mining organized by the Prospectors and Developers Association o…
EDITORIAL A new world order?
A new world order? Well, anyone who thinks the U.S. will be leading us to a new millennium of peace and harmony is going to be disappointed. In the wake of the United Nations successful expulsion of I…
Pezim juniors await financing
Murray Pezim’s new flagship, Prime Equities (VSE), and a host of juniors under its corporate umbrella are expecting to announce details of an agreement with a major mining company for the provision of…
Juniors follow Freewest Res. into Benoit Twp. gold
Shares of at least 10 junior companies with claims in the Benoit Twp. area of northern Quebec have posted gains since Freewest Resources (TSE) reported an intersection of 162.5 ft. grading 0.15 oz. go…
Placer Dome gold production tops 1.4 million oz.
Contributions from two new gold mines helped boost Placer Dome’s (TSE) share of gold production to just over 1.4 million oz. in 1990, from 1.18 million oz. produced in 1989 (net of minority interests)…
Crown pillar caves in at Hope Brook mine
A portion of the crown pillar at Hope Brook Gold’s (TSE) underground mine on the southwest coast of Newfoundland collapsed recently, but the company reported no injuries at the site. As a result of th…
NEWS IN BRIEF Canadian Arrow Mines Ltd. (CGR:TSE) has changed its
The trough of a recession may not be the best time to reflect on what difficult measures are reMDNMquired to strengthen our economy, but tough times demand tough decisions. Efforts to reduce the MDSOM…
Fraud charges laid in Perilya scandal
Three Australian prospectors have been charged with fraud after they persuaded Noranda (TSE) to buy a stake in a salted gold prospect near Karpa Spring in Western Australia. The three men were charged…
Crude ups Moss Lake reserves, 82 million tons, 0.031 oz. gold
Calculations completed by an independent consultant indicate that the Moss Lake property, 50 miles west of Thunder Bay, Ont., contains probable and possible reserves of 82.2 million tons grading 0.031…
Deak hits massive sulphides
rilling by Deak Resources (TSE) on the company’s Magusi base metal property in northern Quebec has cut 62 ft. of massive sulphide mineralization 325 ft. up dip from the discovery hole drilled in Febru…
Rea Gold bids for QPX
A formal offer will be mailed shortly to Canadian shareholders of QPX Minerals (TSE) providing more details of a recent offer by Rea Gold (TSE) to acquire all their QPX shares in exchange for common s…