1989


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…


Greater Lenora, RJK busy in Saskatchewan

Joint venture partners Greater Lenora Resources (TSE) and RJK Mineral Corp. (ASE) say they are studying the possibility of selective mining of high grade gold zones at their Beaverlodge property in n…


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…


Fancamp joint ventures two Quebec properties

Vancouver-based Fancamp Resources (VSE) recently signed a joint venture agreement on the company’s 29-claim Lemoine Twp. property in Quebec with Westminer (Canada) Ltd. Westminer may earn up to a 50% …


Windarra reports La Ronge results

A winter drill program on the Preview Lake property in Saskatchewan’s LaRonge gold belt has intersected significant gold mineralization in the Bakos zone, reports joint venture partner Windarra Minera…


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…


Law suits try Chelsea Res as Spotted Horse is tamed

While Chelsea Resources (VSE) attempts to bring costs down at the Spotted Horse gold mine in Lewistown, Mont., two lawsuits brought about by two exploration companies are providing more financial head…


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 $…


Armistice drilling Sheldon, Kerr zones

A 35,000-ft underground exploration drilling program to expand the Sheldon zone and test the Kerr zone has been started by Armistice Resources (ME) at the company’s Virginiatown gold property in north…


Golden Star optimistic as Placer tables Omai results

The occupants of Golden Star Resources’ (ASE) executive suite are starting to feel a twinge of excitement over events at the Omai joint venture gold project in Guyana. While the completion date for a …


Three drills busy on Bitech’s Nugget Pond

The number of shares Bitech Energy Resources (ASE) has issued recently is probably the main reason for the decline in the company’s share price, not the failure of exploration work to live up to expec…


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