American Barrick boosts Horsham
Investments in oil and gold- producing affiliates, including American Barrick Resources (TSE), continue to pay off for Toronto-based Horsham (TSE). Thanks to the strong operating performance of 60% ow…
News
Fairbanks out to sell stake in Fort Knox gold property
Since its April 1989 initial public offering, Fairbanks Gold (VSE) has concentrated its efforts on outlining a bulk tonnage “porphyry” gold deposit at its 51%-owned Fort Knox property near Fairbanks, …
U.S. REPORT Battle Mountain cuts near-surface zone while pondering
Drilling on the Crown Jewel property in northeastern Washington State has intersected a new, high-grade, near- surface zone. The drilling is part of an option agreement with Battle Mountain Gold (NYSE…
U.S. REPORT Galactic pours first gold at Ivanhoe on modest scale
The Ivanhoe gold project sits at the northern end of the Carlin trend, a block of Nevada wilderness now famous in mining circles around the world. The trend is host to such large producers as Newmont …
Alta looking at deal with Magma excluding Echo Bay
A letter of intent may lead to an agreement between Alta Gold (NASDAQ) and Magma Copper (AMEX) for the purchase of the Robinson mining district from Kennecott. The district is a package of land encomp…
Chibougamau settlement imminent
An agreement to end a 6-month lockout at Westminer Canada, Chibougamau, Que., copper-gold mines is likely to be signed within the next week, according to Tony Owens, vice-president of operations. He s…
Goldpost’s Heenan hands over reins to Geddes Webster
Patrick Heenan has resigned as president and director of Goldpost Resources (TSE). Heenan was appointed president of the company in 1985, when Goldpost was incorporated to manage Geddes Resources’ (TS…
Old tailings pond spills its banks
Heavy rains in mid-October caused an old tailings pond in northeastern Ontario belonging to Matachewan Consolidated Mines (TSE) to overflow and spill into the Montreal River, contaminating the water s…
COATS (Over-the-counter) Costigan soars
As share values moved to record lows last month, total trading volume jumped to 28.7 million, up 27% from September’s volume. “People are being forced out of the market as the shares weaken,” explaine…
Correction (November 12, 1990)
BMR Gold (ASE) says its America Mine project in California hosts preliminary reserves of 3.97 million tons grading 0.087 oz. gold per ton or about 346,000 oz. in situ. Incorrect figures were published…
Aurizon’s Beacon bet yields barren holes
No economic values were encountered in a recent 15,000-ft. drill program completed by Rio Algom (TSE) on the Beacon base metal property of Aurizon Mines (TSE) near Val d’Or, Que. The claims are about …
IOCC GOLD OPTIONS (November 12, 1990)
Options Open Series Volume Last Interest Nov. 380 C 432 7.00 1,092 Nov. 390 C 239 3.30 1,925 Nov. 400 C 359 1.80 2,833 Nov. 420 C 169 0.60 3,712 Nov. 430 C 183 0.60 3,801 Feb. 420 C 137 9.00 1,299 Feb…