Alberta Stock Exchange Pezim company moves

International Viking is one of promoter Murray Pezim’s group of companies and it holds a 24.7% stake in Prime Capital Corp. which is affiliated with Calpine Resources via another Pezim company.

For those of you who have been vacationing on the moon lately, Calpine and partner Consolidated Stikine Silver have been pulling some outstanding intersections from their Unuk River property, including 682.2 ft of grade 0.875 oz gold per ton.

All of this helps to explain why International Viking gained 73 cents on a volume leading 1,015,400 shares before closing at $1.10.

Just behind Viking in the volume standings was another company with interests in British Columbia. Savoy Minerals gained 65 cents this week largely on the strength of a proposed agreement involving its Thorn Minerals property east of Terrace, B.C.

Savoy has signed a letter of intent with Vancouver-listed Castello Resources, which would allow drilling to begin on the 5,800 property where a 100-ton bulk sample recently yielded 200 oz gold.

The upward spiral of Soocana Explorations continued this week as the issue gained an impressive 30 cents before closing at $1.40. Soocana is obviously benefitting from exploration results at its Lucuick claims near Wawa, Ont.

Channel samples extracted from the property have yielded values ranging as high as 0.619 oz gold per ton across 4 ft. Last month, Soocana was trading at only 30 cents .

The Bitech Corp. issue remains in the doldrums even though the company is planning to go underground at its Nugget Pond gold joint venture in Newfoundland. Having closed up 5 cents at 43 cents , the shares are still trading at well below its 1989 high of $2.25. With around $650,000 in the treasury, Bitech is still dependent on partner Equity Silver mines for exploration financing.

Champion Gold remained steady on news that it is acquiring 675,000 shares of Toronto-based silver- cobalt explorer Armsher Resources. While a formal takeover bid to Armsher shareholders is not expected, a number of Champion nominees will be elected to the Armsher board.

Armsher owns a silver-cobalt prospect in Bucke and Coleman Twps. located about a mile northwest of Cobalt, Ont.

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