INSIDER TRADES (April 17, 1989)
Atlantis — M. Hogarth bought 700,000 (Dec., private) @ $1.10 to hold 870,000. Black Cliff — N. Kacira bought 248,416 (Mar., private) @27 cents , exercised 391,433 rights @ 36 cents -48 cents , sold …
News
Callahan takes option on Kirkland Lake bet
Callahan Mining Corp. has acquired an option to earn a 50% interest in a gold prospect south of Kirkland Lake, Ont. Near Boston Creek, the property is being vended by partners Shenandoah Resources (VS…
Acadia, Hecla revise Mooseland exploration
An exploration program on Acadia Mineral Ventures’ (TSE) Mooseland gold property will focus on near-surface targets. Project operator Hecla Mining Company of Canada says the change in exploration focu…
Novagold could produce copper at Murray Brook
Halifax-based Novagold Resources’ (TSE) is evaluating the possibility of mining a copper zone on its Murray Brook property in New Brunswick. A diamond drilling program is currently under way and a tot…
Open pit mine studied for Big Hurrah
The first draft of a mine feasibility study nearing completion on the Big Hurrah gold project has Valhalla Gold Group Corp. (VSE) discussing project financing with investment firms and senior mining c…
Metal market perceptions — a special capacity
There is an extremely influential factor at work in metal markets that receives insufficient attention; that is, the great power exerted by perceptions, often with the potential for formidable damage….
South American says work proceeding on 3 Guyana gold projects
Follow-up exploration programs are in progress on three gold properties in Guyana, South American Goldfields (COATS) says. Homestake International Minerals, the project operator, is S. A. Goldfields j…
Pass Lake initiates acquisition program
After putting together a 110-sq-mile land position in the Galore Creek camp in northwestern British Columbia, Pass Lake Resources (VSE) has teamed up with Golden Sitka Resources (VSE) to carry out a n…
Quartz Mountain study continues
By the second quarter of 1989, partners Quartz Mountain Gold (TSE) and Galactic Resources (TSE) expect to have completed a feasibility study on the disseminated oxide portion of the Quartz Mountain go…
Tarzan results from Joburke
Additional drill results have been received by Tarzan Gold (ASE) from the company’s Joburke property near Timmins, Ont. Noranda Exploration is the project operator. Two holes completed in the North zo…
Malartic bid for Gold Texas fails
Despite the fact its recent tender offer was unsuccessful, Malartic Hygrade Gold Mines (VSE) has not ruled out acquiring additional shares of Gold Texas Resources (VSE). Malartic has slightly under 20…
Eiffel Tower coin
A 5-franc Eiffel Tower coin is being minted in both gold and silver by the Monnaie de Paris to commemorate the 100th anniversary of the popular French tourist attraction. The Eiffel Tower coin will be…