Moondust to drill copper-gold bet
A 6,000-ft. diamond drill program is slated to begin shortly on the Webb copper- gold prospect where Moondust Ventures (VSE) can earn up to a 70% interest from Grand America Minerals (VSE). The proper…
News
Audrey drilling new discovery
The first phase of an underground drilling program on the C lens, discovered near the 1100 lens at the Mobrun polymetallic mine near Rouyn-Noranda, Que., has been completed, Audrey Resources (TSE) rep…
Quintette cuts workforce
As a result of a cost reduction program at the Quintette mine, the company has permanently dispensed with 63 salaried positions and eight hourly positions. The program also includes a temporary layoff…
11 Toronto Stock Exchange Indices
Aug. 21 Aug. 20 Aug. 17 Aug. 16 Aug. 15 HIGH LOW Composite “300” 3457.65 3487.69 3491.90 3509.99 3508.08 4009.47 3334.13 Metals & Minerals 3064.07 3129.37 3147.33 3168.33 3197.88 3453.06 2850.84 Integ…
Metal prices, dollar affect Audrey results
Weak precious metal prices and a strong Canadian dollar were two factors that forced Audrey Resources (TSE) to break out the red ink when reporting its first-half financial results. The Rouyn-Noranda,…
Akiko reports Springpole assays
Joint venture partners Akiko- Lori Gold (VSE) and Noranda (TSE) have reported more low-grade gold intercepts from an ongoing work program at their Springpole property, 70 miles northeast of Red Lake, …
Black Hawk plans 30,000 ft. drill program for Minago
A 20,000-30,000-ft. diamond drilling program is being planned by Black Hawk Mining (TSE) for the company’s Minago nickel property, 140 miles south of Thompson, Man. Black Hawk says the drill contract …
IOCC GOLD OPTIONS (August 27, 1990)
Options Open Series Volume Last Interest Nov. 380 C 304 38.50 747 Nov. 400 C 699 29.00 1,468 Nov. 410 C 772 25.00 1,263 Nov. 420 C 1,074 15.00 2,028 Nov. 430 C 1,115 16.90 1,311 Nov. 440 C 2,623 9.10 …
Ariel’s Costa Rica mine continues modest output
Vancouver-based Ariel Resources (VSE) says it produced 410 oz. gold from 1,834 tons of ore milled during July at its Tres Hermanos mine in Costa Rica. July was the fourth month in which Ariel has main…
Major General cuts visible gold on Dorothy Lake bet
Recent drilling on the Dorothy Lake gold prospect, 50 miles west of Pickle Lake, Ont., has yielded an encouraging high-grade gold value for owner Major General Resources (VSE). The Vancouver-based com…
Corona options large area near Matagami
To get its foot in the door in northwestern Quebec, Corona (TSE) has agreed to option three blocks of claims northeast of Matagami. The claim blocks, on the east side of Lozeau Twp., cover 6,640 acres…
Cheni names new chairman
Edwin Phillips is the new chairman of Cheni Gold Mines (TSE), whose key asset is the producing Lawyers gold- silver mine in the Toodoggone district of northern British Columbia. Phillips, chairman of …