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…
1989
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…
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…
Manitoba Minerals busy on 51 bets
After spending a record $4 million on exploration last year, Manitoba Mineral Resources (MMR) hopes soon to reach a decision regarding development of the Farley Lake gold deposit near Lynn Lake, Man. …
COATS (Over-the-counter) McNickel active
Three Lac St. Jean area players were active this week, led by McNickel Inc., which reached a high of $3.30 on volume of 117,000 shares. The company successfully cleared a series of regulatory roadbloc…
Trader releases results from Macklem claims
Trader Resource Corp. (TSE) of Toronto has released a preliminary report on its gold property in Macklem Twp., near Timmins, Ont. optioned from Ronnoco Gold Mines (COATS). Results from 16,839 ft of di…
Minnova to increase stake in Audrey’s Mobrun to 50%
After waiting quietly on the sidelines for partner Audrey Resources (TSE) to size up the potential of the Mobrun polymetallic mine near Rouyn-Noranda, Que., Minnova Inc. (TSE) is stepping in to buy a …
High grade Orex results dispute original drill assays
A series of unusually rich assays released by Orex Exploration (ME) from four drill holes which previously returned marginal results are being treated with caution by members of the mining investment …
Metal Prices (July 24, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 18 July 17 July 14 July 13 July 12 Copper 1552-…
Photo by The Northern Miner (July 24, 1989)
The primary crusher at the Gilt Edge mine. If proposed expansion plans meet stiff environmental standards, Gilt Edge could rival North Carolina’s Ridgeway mine as a low grade, high tonnage producer.
Horne acid plant nears completion
Construction of a pollution-fighting acid plant is nearing completion here at the Horne copper smelter. The plant, which is designed to reduce smelter emissions by half, should be up and running by th…
Giant Yellowknif’e Akaticho slowed by TSe dispute
A difference of opinion involving Giant Yellowknife Mines (TSE) and the Toronto Stock Exchange has brought exploration almost to a standstill at the Akaitcho mine property near Yellowknife, N.W.T. The…