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…
News
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…
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…
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 $…
Val d’Or, Abcourt deal
An agreement between Val d’Or Resources (ME) and Abcourt Mines (ME) concerning the Vendome zinc-gold deposit has been renegotiated. Located near Val d’Or, Que., the Vendome deposit hosts reserves of 3…
Quintette, Bullmoose receive open pit mines safety awards
Two northeastern British Columbia coal mines have been officially recognized as the safest open pit mines in the province. For the second year in a row, Quintette Coal Limited was presented a trophy b…
Skyline drilling to expand reserves
Based on results from an underground drilling program that began last fall, Skyline Gold Corp. (TSE) expects to prepare an updated reserve report at the end of April. The company is operator and 100%-…
Low costs offset gold prices for FMC
By continuing to stress efficient operations and low cost production, FMC Gold Company (NYSE) expects to weather the recent downturn in gold prices and maintain its status as one of the most profitabl…
Trio in Carlin (April 10, 1989)
Trio Gold Corp. (ASE) has acquired a 100% interest in 29 claims near Elko Cty, Nev. The claims are within the prolific Carlin trend, a major geological feature hosting several large open pit gold depo…
Canadian Mining Law
The Canadian Institute of Resources Law has recently started a 2-year research project on Canadian Mining Law. The project, co-ordinated by Barry Barton, will result in a one- volume manuscript on min…
Westminer takes another look at N.S. zinc mine
The mill at Gays River, N.S., could become a base metals mill again. Owner Westminer Canada, which currently treats 100 tons of gold ore per day (from the Forest Hill mine) in the Gays River facility,…
Bakra Res. makes Sannorm estimate
Vancouver-based Bakra Resources (VSE) has made an initial reserve estimate for the A zone at its Sannorm gold property near Rice Lake, Man. Bakra is earning a 50% stake in the 1,500-acre property from…