Aur, Louvem await exchange approval
An agreement that settles all of the litigation surrounding the Aur Resources (TSE), Societe Miniere Louvem (TSE) massive sulphide discovery, was expected to close three days behind schedule, Sept. 27…
News
U.S. REPORT Fairbanks expanding Fort Knox
Development of the Fort Knox property, near Fairbanks, Alaska, has been accelerated with the addition of two drills. The property, 51% owned and operated by Fairbanks Gold (VSE), now has six diamond c…
Royal Oak secures $14-million loan
New York bullion trader Sharps Pixley has agreed to provide up to $14 million in debt financing for Royal Oak Resources’ (TSE) $33- million acquisition of the Pamour (TSE) group of companies. The acqu…
More public education needed on industry, the environment
Environment and the mining industry was one of several topics touched on by Corona (TSE) President Peter Steen when he addressed a recent district meeting of the Canadian Institute of Mining, Metallur…
U.S.REPORT Gold Express seeks to reopen Copper Flat
If financing can be arranged, Gold Express (NASDAQ) has plans to bring the Copper Flat mine back into production. It is in Sierra Cty., N.M., and owned 100% by Gold Express. Copper Flat hosts reserves…
Metal Prices FREE MARKET (October 01, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date September 25 September 24 September 21 September 20 September 19 Copper 1476-1478 14…
Bond sells 810,000 oz forward to cut debt
Taking advantage of the recent run-up in gold prices, Bond International Gold (TSE) has sold forward 810,000 oz. of gold at an average price of US$425 per oz. Bond, 65% owned by Toronto- based LAC Min…
U.S. REPORT Gold Standard loses suit against bank
Gold Standard (NASDAQ), the Utah company that is attempting to win back the Mercur gold mine from American Barrick Resources (TSE), recently lost its case against British banking firm Samuel Montagu &…
COATS (over-the-counter) Trading gets a boost
The market appears to have recovered, at least temporarily, from the low-volume blues. For the first time in months, the week’s five most active stocks registered trading volumes of over 100,000, four…
Nova Scotia govt. drilling on Coxheath’s Tangier mine
A 4,000-ft. drill program designed to test for extensions of a high grade zone at Coxheath Gold Holdings’ (TSE) Tangier gold mine in Nova Scotia got under way recently. Coxheath was forced to shut the…
IOCC GOLD OPTIONS (October 01, 1990)
Options Open Series Volume Last Interest Nov. 390 C 1,050 24.00 837 Nov. 440 C 699 5.50 4,140 Feb. 410 C 544 26.00 499 Nov. 420 C 263 9.00 3,175 Nov. 410 C 247 14.00 2,797 Nov. 460 C 150 3.70 2,103 No…
U.S. REPORT Fleck’s Dunka Road gets further financing
The Dunka Road copper-nickel deposit in Minnesota will undergo further exploration following a joint venture agreement between Fleck Resources (VSE) and Nerco Exploration, a division of Nerco (NYSE). …