Bond awaits Red Mountain results
Check assay results are awaited by Bond International Gold (TSE) from a $2.3-million exploration program completed this year on its Red Mountain gold project in British Columbia. The 230,000-acre prop…
News
U.S. REPORT Amax renegotiates Coral Gold deal, ready to start work
With the signing of an amended agreement on the Robertson gold project, Amax Gold (NYSE) will return to the property to begin a 3-phase program. Amax halted work on the northern Nevada property earlie…
Minnova completes follow-up at Pick
A recent drilling program, designed to follow-up a zinc discovery made earlier this year at the Pick Lake project near Schreiber Ont.,hit the high-grade zinc mineralization in four of eight holes. The…
Grizzly Creek finds gold in Philippines
The first results from a 990-ft. drill program on Grizzly Creek Resources’ (VSE) Capas gold property in the Philippines indicate the presence of a low-grade gold zone lying just below the surface. Two…
Minnova, Aurlot drop Janus metal prospect
Following disappointing results from the Janus exploration project in Oregon, Minnova (TSE) and Aurlot Explorations (COATS) have abandoned the polymetallic prospect. Aurlot, which held the right to ea…
Total may sell Tundra gold stake
A 49% interest in the Tundra gold project in the Northwest Territories is one of many mineral projects being unofficially put on the block by the parent company of Total Energold (TSE). Total Resource…
Aranlee to acquire Australian company
Negotiations are in progress which could see Aranlee Resources (VSE) acquire a 100% interest in an Australian resource company owned by Burmin Exploration and Development. Burmin is an Irish company t…
Westmin reviewing viability of Premier
Persistent losses at the Premier Gold gold- silver mine near Stewart, B.C., have 60% owner Westmin Resources (TSE) reviewing the project’s future. The company is reviewing its ore reserves once again,…
Eurus backs out of Trimin bid
Both Eurus Resource (VSE) and Adrian Resources (VSE) have backed out of plans to acquire shares of Trimin Resources (TSE), a Vancouver- based junior which recently sold its stake in the Hanson Lake po…
FUTURES PRICES (December 24, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 113.10 111.80 111.90 + 2.20 Jan 112.50 111.00 111.20 + 1.70 Feb 111.20 110.40 111.10 + 1.80 SILVER (in US cen…
Barrick, Messeguay sign Launay option
The Quebec subsidiary of American Barrick Resources (TSE) recently signed an agreement allowing it to earn a 75% stake on four of Messeguay Mines’ (ME) Launay-Privat gold claims. Situated 30 miles nor…
U.S. REPORT Amax earnings edge up
A jump in gold production helped Amax Gold (NYSE) report an increase in third- quarter earnings to US$10.6 million from US$10.1 million in the same quarter of 1989. Revenue for the three months ended …