Quebec Sturgeon tables placement
Quebec Sturgeon River Mines (TSE) says it has completed an $850,000 private placement of 10% convertible debentures. The company says interest on the debentures, due March 1, 1996, is payable semi-ann…
News
Toronto Stock Exchange Indices (April 09, 1990)
Apr. 3 Apr. 2 Mar. 30 Mar. 29 Mar. 28 HIGH LOW Composite “300” 3648.12 3612.20 3639.54 3665.87 3677.33 4009.47 3612.20 Metals & Minerals 3193.62 3117.38 3125.70 3176.61 3174.91 3453.05 2921.03 Integra…
Uranerz to continue work on kimberlites
Exploration on a kimberlite deposit in the Fort a la Corne region of Saskatchewan will begin in a few weeks. Several holes will be drilled on the most prospective of the seven diamond-bearing kimberli…
Spirit Lake preparing gold reserve estimate
A preliminary reserve estimate is expected soon from Spirit Lake Explorations (ME) for the company’s Edwards gold property, 37 miles northeast of Wawa, Ont. The claims are underlain by the same shear …
Lixor drilling Courville bet
Encouraging results have been reported by Lixor (ME) from its gold project in Courville Twp., 25 miles northeast of Val d’Or, Que. Lixor is earning a 50% interest in the property from Billiton Resourc…
Vancouver Stock Exchange Pezim at centre stage
What received more attention for the week ended April 3: Pezim- related companies via trading in the market or Pezim himself in the press? Notice of a hearing by the British Columbia Securities Commis…
U.S. Report Nevada plant set to produce sodium cyanide
A May production startup is expected at the new CYANCO joint venture sodium cyanide plant being built in Nevada. Majority owner of CYANCO is Mining Services International of Salt Lake City. The US$11….
TVX finalizes US$40 million silver loan
A 7-year silver loan worth US$40-million has been finalized by Consolidated TVX Mining (TSE) with Sharps Pixly & Co., a member of the Kleinwort Benson Group. TVX said it has sold forward seven million…
FINANCING (April 09, 1990)
Daren Res — min 675,000 offered @ 33 cents per sh. Trades reported by QSC…
Suntac estimates larger reserves
With the first phase of their 1990 drilling program complete, Suntac Minerals (VSE) has released an in-house reserve calculation for the C vein on the Polaris-Taku property in the Tulsequah River area…
Spot prices at a glance (April 09, 1990)
Week’s Price (US) Change Gold* $374.25 + $0.95 Silver* $5.01 + $0.01 Platinum* $475.70 + $1.50 Nickel** $4.09 — $0.18 Lead** $0.41 — $0.01 Copper- $1.26 + $0.11 Zinc $0.78 + $0.03 Courtesy of Scotia…
Bema’s Chilean bet rewards directors
Bema Gold (TSE) President Clive Johnson and directors Ian Johnson and Barry Rayment profited recently from the company’s decision to finance a major Chilean gold-copper project to production. Since Be…