IOCC GOLD OPTIONS (December 18, 1989)
Options Open Series Volume Last Interest Feb 420 C . 1,011 14.50 2,547 Feb 410 C . 881 20.00 1,104 Feb 450 C . 719 5.20 933 Feb 380 C . 592 44.00 1,014 Feb 430 C . 47…
1989
Bitech options Kam Creed claims
Bitech Corp. (ASE) has signed a letter of intent to option a gold property in Newfoundland from Kam Creed Mines (TSE). Under terms of the option agreement, Bitech is to make option payments of $60,000…
Trelleborg probes Spanish deposit
A major zinc deposit may have been uncovered by Trelleborg in southern Spain. The Swedish company, which recently purchased a 50% ownership in Falconbridge Ltd., is reported to be excited about one of…
Vancouver Stock Exchange Seven Mile High active
Trading on the Vancouver market was somewhat lacklustre for the week ended Dec 12 with the VSE Index mostly at the 700-point level. On a more positive note, gold began to inch back up from the $400(US…
Fancamp to explore Mattagami gold bet
Montreal-based Fancamp Resources (VSE) and privately owned partner Fort Rupert Resources are preparing to begin drilling early in 1990 at their jointly owned Lac Marcaut gold-silver property, 136 mile…
First Toronto loss includes writedowns
Writedowns of certain assets contributed to a 9-month loss of $32.5 million ($2.53 per share) by First Toronto Mining (TSE), which has undergone a management change. For the same period last year, the…
Parquet, Cache in option deal
An option has been granted by Parquet Resources (TSE) to Explorations Cache (ME) whereby the latter may acquire up to a 50% interest in the former’s Courville gold property, 30 km northeast of Val d’O…
Black Hawk drilling deep holes at Minago
Two deep holes are being drilled below 1,600 ft to probe for downdip extensions to the Minago nickel deposit in Manitoba, reports owner Black Hawk Mining (TSE). The Minago deposit is 140 miles south o…
Toronto Stock Exchange Indices (December 18, 1989)
1989 Dec 12 Dec 11 Dec 8 Dec 7 Dec 6 HIGH LOW Composite “300” 4002.993989.383982.733969.453951.664037.833353.13 Metals & Minerals 3307.533293.633314.663325.623344.303919.203207.50 I…
News in Brief (December 18, 1989)
Canarim Investment Corp. has changed its name to L.O.M. Western Securities Ltd.
Goldpost signs deal
Goldpost Resources (TSE) has sold its 78.3% share holding in Holcorp Gold Mines for $140,000. Holcorp agreed to sell to Goldpost eight patented claims consisting of surface and mineral rights containi…
Goldex hits zone on Ormico gold bet
Goldex Mines (TSE) says it has intersected a new gold zone while drilling Ormico Exploration’s Val d’Or, Que., claims from the 1,250- ft level on its own ground. Goldex recently completed the work nee…