IOCC GOLD OPTIONS (April 23, 1990)
Total volume for the week was 1,015 contracts; total open interest at the close was 30,559 contracts.
News
Gold funds as of Apr. 17
MVP BGR Central Capital Net value $11.59% %$5.87% $0.39% Price $10.50% %$5.875% $0.23% Discount 9.40% %0.1% 41.0% Value $69,013,966 $98,842,763 N/A…
Correction (April 23, 1990)
A preliminary reserve estimate of 800,000 tons grading 0.177 oz. gold (uncut) and 12.63 oz. silver is reported by Biron Bay Resources (ASE) for the company’s Summit gold project in New Mexico. Incorre…
Gold Commissioner upholds claim to Eskay area property
Ken McKenzie, the mysterious interloper into the Eskay Creek gold camp north of Stewart, B.C., has won a partial victory in his bid to secure ownership of highly prospective claims located adjacent to…
Toronto Stock Exchange Indices (April 23, 1990)
Apr. 17 Apr. 16 Apr. 13 Apr. 12 Apr. 11 HIGH LOW Composite “300” 3513.30 3549.29 Holiday 3561.12 3565.77 4009.47 3513.30 Metals & Minerals 2985.22 3029.46 Holiday 3061.61 3092.75 3453.05 2921.03 Integ…
Cominco, Normetal, La Sarre strike exploration agreement
An exploration financing agreement has been finalized between Cominco (TSE) and two Quebec juniors Normetal Mining Exploration (ME) and La Sarre Mining Exploration (ME). The 3-year exploration agreeme…
Hopes for metal find raised by Thunderwood drill results
A copper-rich alteration zone that might act as a feeder system for a massive sulphide deposit was reported recently by partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) on their Sco…
Santa Fe’s U.S. landholdings makes public offering inviting
Santa Fe Pacific Minerals, a unit of Santa Fe Pacific (NYSE), only became a precious metals producer in 1988, but it’s safe money to bet the company will emerge as one of the more significant players …
Exploration for copper-gold in B.C. should heat up in `90
Mining came to British Columbia early in the 19th century with development of coal on Vancouver Island to supply steamships and in 1858 with the Cariboo gold rush. The completion of the Canadian Pacif…
South American’s gold bets look promising
Exploration activity on both the Akaiwong and Aurora properties in Guyana is uncovering good gold grades for South American Goldfields (TSE). Testing a strong geophysical anomaly on the Akaiwong prope…
Spirit of glasnost evident in Canada, Russia venture
Two of Canada’s biggest mine engineering firms are entering into Mikhail Gorbachev’s new spirit of glasnost by helping to develop a silver processing plant in the eastern Soviet Union. Toronto-based W…
Acadia takes option on Bachelor Lake
Having already worked together on a Nova Scotia gold project, Acadia Mineral Ventures (TSE) and Hecla Mining of Canada are teaming up to explore the Bachelor Lake Mines’ (TSE) gold property at Desmara…