IOCC GOLD OPTIONS (May 20, 1991)
Options Open Series Volume Last Interest May 370 P 10 12.00 10 The New York closing gold price was $359.90 per oz. Last quotations for gold optio…
News
Plexus reports quarterly loss
Gold producer Plexus Resources (TSE) reported a net loss of US$506,000 in the 1991 first quarter because of adverse weather conditions and the installation of a new conveyor at the joint venture Dento…
GOLD FUNDS (May 20, 1991)
Gold funds as of May 14 BGR Central Net Value $8.78 $5.09 Price $7.38 $4.650 Discount 15.95% 8.6% Value $52,275,460 $78,232,995…
Montreal Exchange Casa Berardi drilling (May 20, 1991)
From the Casa Berardi area of Quebec, TVX Gold and Golden Knight Resources reported completion during the first quarter of 19 drill holes at their joint venture gold mining project. Five of the holes …
Past may be prologue if A-J mine revives
If this historic mining town once again becomes an active mining centre, Echo Bay Mines (TSE) will have led the way. The company has taken on two former producing projects just outside this picturesqu…
If mining can’t meet environmental standards diamond drilling’s
The state of our natural environment has become a pressing public concern, both here in Canada and around the world. It is clear that decisive action must be taken to protect the environment, and I be…
Chutine, Barrick drill Mexico bet
Partners Chutine Resources (TSE) and American Barrick Resources (TSE) have begun drilling on a Mexican gold property that adjoins a heap leach gold producer operated by Phelps Dodge (NYSE) and affilia…
Falconbridge pursuing Mirage in hopes of finding Sudbury twin
Nickel producer Falconbridge has staked an additional 358 claims along the Wanapitei anomaly near Sudbury, Ont., and is planning to drill the large magnetic structure later this year. Sometimes called…
PEOPLE CARPENTER LAKE RESOURCES (May 20, 1991)
Frank Callaghan appointed president; Bruce Elner and Michael Scott appointed directors succeeding Peter Yearwood, Kenneth Sumanik and Maro MacKinnin-Andrew who resigned.
Quebec budget troubles geologists
The Association of Professional Geologists and Geophysicists of Quebec (APGGQ) is not impressed by the lack of additional support for mining exploration financing in the recent Quebec budget. The asso…
EDITORIAL PAGE Developing Sudbury’s North Rim
Over a distance of less than five miles along the North Rim of the Sudbury Basin, from the old Hardy mine to Longvack, Inco Ltd.’s operation at the extreme east end of the North Rim, there are no less…
Galico drops Vera Cruz option
After completing a due diligence review, Murray Pezim’s Galico Resources (VSE) decided to drop its option to acquire a 50% interest in the Vera Cruz property held by Vera Cruz Minerals (VSE) in New Me…