Property owners should be wary
With regard to your article on a gold prospect at Dikili (the correct spelling should be “Dikeli”) on western Asia Minor (Turkey) by Metall Mining (T.N.M., May 6/91), I would caution the property owne…
1991
Inspiration given more time to consider offer for HudBay
The U.S. subsidiary of Luxembourg-based Minorco has given 56% owned affiliate Inspiration Resources (TSE) more time to consider its recent $100-million offer to purchase all the outstanding shares of …
Brenda sits on cash
With work continuing to dismantle its now-closed copper mine near Peachland, B.C., Brenda Mines (TSE) reported earnings of $1.6 million on revenue of $2.8 million for the first quarter ended March 31….
U.S. REPORT Kalahari plans drill program near Homestake
After having acquired and consolidated a substantial land package, Kalahari Resources (VSE) is proposing an aggressive surface exploration program for its Keystone gold project near the famous Homesta…
Curragh files tailings plan
Toronto-based Curragh Resources (TSE) has filed a proposal with the federal government’s Yukon Territorial Water Board for the decomissioning of the tailings area near its zinc-lead operation at Faro,…
U.S. REPORT USMX reports new find at Alligator Ridge property
A third gold discovery was reported by USMX (NASDAQ) from its Alligator Ridge property in White Pine Cty., Nev. The recent discovery of gold mineralization on the Horseshoe target follows the North Y…
Grange looks for partners (June 03, 1991)
A consulting firm was recently hired by Grange Gold (VSE), a junior company looking to investigate possible joint ventures or partnership arrangements for its 50% owned Lovitt Mining. Lovitt owns abou…
Placer options Newfoundland bet
Major company Placer Dome (TSE) plans to fund a $200,000 exploration program this year on the Isle Aux Morts River gold property held by Fortune Bay Resources (VSE) in southwestern Newfoundland. The p…
PEOPLE JORDEX RESOURCES
David DeWitt appointed director.
Canarc to acquire Suntac interest
A series of transactions proposed by Canarc Resource (VSE) is expected to result in the company owning 37% of Suntac Minerals (VSE). Suntac’s key asset is an option to earn a 60% interest in the Polar…
IOCC GOLD OPTIONS (June 03, 1991)
Options Open Series Volume Last Interest Aug 370 C 10 4.50 13 The New York closing gold price was $363.50 per oz. Last quotat…
TSE Short Positions (June 03, 1991)
Semi-monthly reports as of May 15, showed 25,640,565 shares of 587 issues compared with 26,009,570 shares of 646 issues on Apr 30. Larger individual positions included: Amax Gold 35,400, up 32,400; A…