Editorial Excitement at last
If stock markets were left to companies like Bell Canada, The Royal Bank and Canadian Pacific, it would be a pretty dull place ruled by the big investment funds and the computers that control their tr…
News
Calpine’s drilling extends Eskay Creek along strike
Step-out drilling has extended the strike length of the 21 zone by almost 1,000 ft at the Eskay Creek project of Calpine Resources (VSE) in northern British Columbia. Consolidated Stikine Silver (VSE)…
Shane diamond bet
Shane Resources (VSE) and Waddy Lake Resources (TSE) have entered into an agreement to purchase a 4-claim diamond prospect 15 miles northwest of Prince Albert, Sask. Waddy will hold a 65% interest whe…
Tough environmental hurdles faced by MinVen’s Gilt Edge mine
MinVen Gold Corp. (TSE) is hoping environmental authorities in this state, known for its stringent environmental standards, will give a green light to a proposed mine expansion. If that happens, MinVe…
Drilling nears completion at Bitech’s Nugget Pond (July 24, 1989)
With a phase II drilling program nearly 90% complete on its Nugget Pond gold property in Newfoundland, Bitech Corp. (ASE) expects to release final results of the work program by month end. Drilling re…
Gulf drilling Northwest zone at McLymont
A surface exploration program to include at least 10,000 ft of drilling is under way on the McLymont property owned 100% by Gulf International Minerals (VSE). The gold-silver-copper project is located…
Majors big spenders while juniors struggle to survive
Despite a dramatic slowdown in the junior mining sector, exploration spending by senior companies will be at record levels in Canada this year, says a report by the Halifax-based Metals Economics Grou…
IOCC GOLD OPTIONS (July 24, 1989)
Options Open SeriesVolumeLastInterest Aug 370 C * 60 8.50 729 Aug 380 C * 204 3.20 1,592 Aug 390 C * 560 1.20 2,053 Aug 400 C * 1,079 0.90 1,063 Nov 390 C * 100 9.50 1,714 No…
Sikaman’s Ghana assets to include placer bets
Toronto-based Sikaman Gold Resources (TSE) is planning to expand its interests to include two placer gold mining concessions in Ghana by amalgamating with Shefford Resources. Scheduled to be in produc…
Spot prices at a glance (July 24, 1989)
Week’s Price (US) Change Gold*$371.50–$ 8.00 Silver*$ 5.22–$ 0.03 Platinum*$499. 50–$ 9.00 Nickel**$ 5.62+$ 0.18 Lead**$ 0.32+$ 0.01 Copper$ 1.15+$ 0.03 Zinc$ 0.76+$ 0.01 Courtesy of Scotiaba…
Goldstake hunts for gold in Homestake’s shadow
For better than a century the Homestake mine has had the underground potential of the Black Hills beneath this town all to itself. Goldstake Explorations (TSE) has changed that. It has acquired a piec…
Inco and Pronto increase Cochenour-Willans reserves
Inco Gold, a wholly-owned subsidiary of Inco Ltd. (TSE), is getting good results from an exploration program on the former producing Cochenour-Willans gold mine near Red Lake, Ont. Pronto Explorations…