Six drills probe Grevet property
Recent infill drilling at zone III of the Grevet zinc property near Quevillon, Que., has yielded more positive results for 50/50 partners Serem-Quebec and VSM Exploration (ME). Six drills are currentl…
News
McAdam offers shares for debt
Financially troubled McAdam Resources has filed for bankruptcy. The Ontario filing calls for each unsecured creditor to be offered five common shares of McAdam for each $1 of debt outstanding. The pro…
IOCC GOLD OPTIONS (September 03, 1990)
Options Open Series Volume Last Interest Nov. 410 C 852 12.00 1,909 Nov. 420 C 779 10.00 2,227 Nov. 430 C 560 7.50 1,590 Nov. 440 C 1,960 7.00 3,278 Nov. 450 C 225 4.00 199 Nov. 460 C 1,978 4.00 1,429…
China’s base metals production exceeds the West’s estimates
Recent data released by China show that its base metals production is higher than estimated by Western analysts. In the first half of 1990, it produced 280,000 tonnes copper and 400,000 tonnes aluminu…
U.S. REPORT Granges increases stake in Hycroft
A private placement in Hycroft Resources & Development (TSE) totalling $2.5 million by Granges will bring that company’s stake in Hycroft up from 59% to a maximum of 67%. The pricing formula for the p…
Corona now largest Dundee shareholder
Corona (TSE) has become the largest shareholder in Dundee Capital, following the purchase of an additional 750,000 shares and 187,500 share purchase warrants. Corona now owns 2.25 million shares of Du…
Reclamation consideration in mine planning
Ontario is promising to pass Canada’s most comprehensive, yet expensive, land reclamation policy. The reclamation sections of the new Ontario Mines Act have yet to be finalized, but it is clear the re…
SA Goldfields up as Friedland bids for control
Vancouver-based Ivanhoe Capital, the private management firm controlled by mine developer Robert Friedland, is set to take control of Toronto-based South American Goldfields (TSE) in a deal that will …
FUTURES PRICES (September 03, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sept 131.80 128.80 128.90 — 2.85 Oct 129.80 129.80 127.20 — 2.60 Nov 127.80 127.80 125.00 — SILVER (in US cent…
Aussie nickel bet may feed Sherritt
A potential customer for the concentrate of a yet-to-be developed nickel deposit in Australia is Sherritt Gordon (TSE), the U.S. Bureau of Mines reports in a monthly publication. Australian gold produ…
Teck drops Whitewater option
Major company Teck (TSE) recently terminated its option agreement on the Whitewater Group gold property near Nelson, B.C. Property owner Snowwater Resources (VSE) said it will extend a geological mapp…
Goldbank busy on Goldrun Creek bet
Calgary-based Goldbank Ventures (ASE) says that field work has started on the company’s Goldrun Creek gold-silver-copper project in northwestern British Columbia. Sutton Resources (VSE) can earn a 51%…