1989

IOCC GOLD OPTIONS (March 27, 1989)

Options Open Series Volume Last Interest May 390 C * 146 14.70 573 May 400 C * 218 10.00 3,733 May 420 C * 715 2.80 2,858 May 460 C * 100 0.40 1,505 Aug 400 C * 11…


Golden Bear cost doubles putting project at risk

The Golden Bear project of North American Metals (VSE) and Chevron Minerals in northwestern British Columbia could be in jeopardy because of higher than anticipated start-up costs according to North A…


Santa Maria gets new gold property

Toronto-based Santa Maria Resources (TSE) has acquired an additional 174 claims in the Muskeg Lake area of northern Ontario. The property is located west of the town of Pickle Lake, and is underlain b…


Correction (March 27, 1989)

Union agreements do not require Campbell Resources (TSE) to keep its S-3 mine open as recently reported (N.M., Mar 20 /89). Campbell is exploring for additional reserves in the hope of prolonging the …




Neptune secures $90 million loan

Vancouver-based Neptune Resources (TSE) has secured the $90-million project loan it needs to complete plant and mill construction at the Colomac gold project in the Northwest Territories. A consortium…



Atlantic, Jascan buy shares in each other

While Atlantic Goldfields (COATS) and Jascan Resources (TSE) own shares in each other, it is unclear whether either side has further designs on the other. Jascan recently reported it owns 692,300 shar…


Corona ponders legal action in fight over Dickenson

More legal trouble may be brewing over the takeover battle for associated companies Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). Corona Corp. (TSE), which is bidding against gold fund Goldcorp Inv…


Normetal drilling

Drilling on targets near old workings has resumed at the Normetal zinc-silver property in Perron and Desmeloizes twps. in northwestern Quebec, Normetal Mining Exploration (ME) and La Sarre Mining Expl…


Yellow Band options Diana Res. property

Diana Resources (VSE) has signed a joint venture agreement with Yellow Band Resources (VSE) involving the former’s 28-claim property in the Lac St. Jean area of Quebec. Yellow Band may earn up to a 50…


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