U.S.REPORT Cyprus’ drilling spurs more work
Exploration work is continuing on Savanna Resources’ (ASE) Santa Rosa zinc property under option to Cyprus Metals Exploration in Inyo Cty., Calif. To date, Cyprus has completed an IP (geophysical) sur…
News
Asiatel options Middlemarch
A junior under the corporate umbrella of Prime Equities (VSE) recently acquired an option to acquire a 60% interest in the Middlemarch property owned by West Pride Industries (VSE). Asiatel Media (VSE…
Repadre active in Botswana
Toronto-based Repadre Capital (VSE), 49% owned by Corona (TSE), has signed a formal joint venture agreement with AMPAL Ltd. of Botswana to explore for diamonds in the African country. Under the agreem…
Success in Republic camp spills into southern B.C.
Prospectors active in southern British Columbia are reporting a flurry of staking activity in the Okanagan district, a region considered prospective to host skarn-type or epithermal vein-type precious…
U.S.REPORT Oracle Ridge up and running
The Oracle Ridge project 70% owned by South Atlantic Ventures (VSE) is up and running. Production was planned for the third quarter of 1990, but startup was delayed by continued difficulties with inst…
Miners strike at Cassiar mine
Union employees at the Cassiar mine in northern British Columbia rejected a new collective agreement offered by a unit of Princeton Mining (TSE) and stopped work on the evening of March 1. .TThe propo…
Breakwater lowers Corona earnings
Despite an 11% increase in gold and gold equivalent production, Corona (TSE) reported slightly lower earnings in 1990 over those reported in 1989. The company’s 1990 net earnings reached $9.2 million,…
IOCC GOLD OPTIONS (March 18, 1991)
Options Open Series Volume Last Interest Aug. 380 C 2 10.50 78 Aug. 400 C 40 6.00 93 Aug. 440 C 25 1.60 70 The New York closing gold price was $364.50 per oz. Last quotations for gold options traded i…
GOLD FUNDS (March 18, 1991)
BGR Central Net Value $ 9.20 $ 5.15 Price $ 8.00 $ 4.650 Discount 13.04% 9.7% Value $54,763,943 $78,232,995…
Eskay Creek talks break off
Discussions between Placer Dome (TSE) and Corona (TSE) broke down after the two companies were unable to settle undisclosed issues relating to future development of the Eskay Creek project north of St…
U.S.REPORT Silverado releases O’Dea reserve
Following a compilation of past drilling and underground development work on the Ester Dome joint venture, 20% owner Silverado Mines (VSE) estimates preliminary reserves on the O’Dea vein stand at abo…
`Digger’ Gorman concludes series with talk on prospecting
Well-known and respected geologist Dr. D.H. “Digger” Gorman will give the concluding paper in a series of five talks on prospecting and mining organized by the Prospectors and Developers Association o…