Temisca drilling Quebec gold play
Drilling has begun on the East-Bay gold property of Ressources Temisca (ME), northeast of Rouyn-Noranda, Que. The program is funded and operated by Soquem which is earning a 50% interest.
News
Placer sells bonds (May 31, 1993)
Toronto-listed Placer Dome has agreed to sell US$200 million in bonds to underwriters, for distribution in the U.S. The 718% notes, due May 15, 2003, have been priced at 99.813%. The bonds are being o…
Gold Funds (May 31, 1993)
Gold Funds as of May 25 BGR Central Net Value $12.28 $5.87 Price $10.50 $6.375 Discount 14.50% 8.6% Value $68,789,000 $107,254,913…
Financing (May 31, 1993)
Calco Resources Inc. — 1,000,000 units @ $1.35 and each unit consists of sh and 2 wts. 2 series A wts purchase sh. Delmay Mining Corp. — 10% convertible debentures @ $100.00. Vortex Energy & Mineral…
Latin American gold
Latin American Gold: Transactions and Opportunities, second edition, published by Metals Economics Group, P.O. Box 2206, Halifax, N.S. B3J 3C4. US$4,500. The publication provides a view of current gol…
Correction (May 31, 1993)
The treasurer of Lac Minerals is Michael Smyth, not Michael Kennedy as reported in our May 24 edition.
Rock mechanics symposium planned
The University of Texas, in Austin, will be the site of the first North American Rock Mechanics Symposium on June 1-3, 1994. This symposium, a regional meeting of the International Society for Rock Me…
Mahogany drilling
Vancouver-based International Mahogany (TSE) plans to drill 12 holes totaling 11,000 ft. on the Southern Cross gold property in Montana. The program will test deep structural and geophysical skarn tar…
Big base metal find in Finnish Lapland
A huge base metals deposit has been confirmed in northern Finland. The 50-100-million ton deposit reportedly contains copper, nickel, platinum and gold mineralization. First discovered in the late 198…
Haile reserve tops 13 million tons
The Haile property near Kershaw, S.C., has proven and probable reserves of 13.2 million tons grading 0.091 oz. gold per ton, a consulting group estimates. Piedmont Mining (NASDAQ), 37.5% owners of the…
Cyprus hedges
A price protection program ensures that Cyprus Minerals (NYSE) will receive a minimum average sales price of about US94 cents per lb. on about 90% of its projected 1993 copper sales. The program also …
Flag to deepen Wanapitei holes
Having intersected a wide magnetite zone in two holes collared two miles apart on its Wanapitei holdings in Mackelcan Twp., Ont., Flag Resources (ASE) plans to use a larger drill to deepen the holes. …