FINANCING (June 25, 1990)
VANCOUVER Beauchamps Expl — 600,000 sold for gross $360,000. Link Res — rt exerc on 180,000 @ 52 cents per sh. Omega Gold — 1,000,000 sold for gross $810,000. Waterford Res — rt exerc on 200,000 @…
News
News in brief Eureka Resources
Eureka Resources Inc. (EUR: VSE) and Hawthorne Gold Corp. (HGD:VSE) have amalgamated under Eureka Resources Inc. (EUR:VSE) on the following basis: Eureka’s shareholders will receive one new for one ol…
U.S.REPORT Moneta bullish on lead-zinc project
Timmins-based Moneta Porcupine Mines (TSE) is hoping to raise $3 million this year to explore the Lik lead-zinc property in Alaska, shareholders were told at the annual meeting. The property hosts an …
P.T. Inco reduces production forecast by 10 million pounds
P.T. Inco, Inco’s (TSE) Indonesian arm, has reduced its nickel production forecast by 10 million lb. This year, the company expects operations in Soroako, Sulawezi to produce 70 million lb. (31,800 to…
News in brief Gold Star
Gold Star Resources Ltd. (GLA:VSE) has changed its name to E.E.C. Marketing Corp. (EMC:VSE) on a 1-new-for-3-old- share basis. Transfer agent is Montreal Trust.
Royal Oak Res. negotiates purchase of Pamour assets
The Australian owner of the Pamour group of companies has found a buyer for a large portion of its Canadian mining assets. Giant Resources of Sydney says it has entered into an agreement with Royal Oa…
BRIEFS Offering rejected
A rights offering by Explorations Minieres du Nord (ME) which would have raised up to $747,000 was turned down by the Montreal Exchange. The company says it is studying alternate financing means, incl…
Brunswick’s success at depth could revive base metal camp
A single drill hole intersection near Brunswick Mining and Smelting’s (TSE) No. 12 mine has raised hopes in this picturesque province that large massive sulphide deposits are waiting to be found at de…
Metal Prices PRODUCER PRICES (June 25, 1990)
ALUMINUM: MW U.S. Market US73.75- 75.00 cents per lb. (Jun. 14, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$3.25-3.35 per lb. (Jun. 14, 1990). C…
Alberta Stock Exchange Varna reserve figure
After drilling 79 holes at the Ming’s Bight gold property in Newfoundland, Varna Gold and project partner Corona Corp. reported a preliminary reserve figure (undiluted) of more than 1.3 million tons g…
Metal Prices FREE MARKET London Metal Exchange (June 25, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 19 June 18 June 15 June 14 June 13 Copper 1500-1501 — 1518-1520 1496-1498 1494-1495 Lead 489-490 — …
Dolly gets financing
A private placement of $1.05 million will give Dolly Varden Minerals (VSE) the funds it needs for 50,000 ft. of diamond drilling on the company’s Kitsault Valley, Stewart area property. The placement …