Drilling under way at South Comstock
Drilling aimed at expanding reserves is to begin on the South Comstock gold project in Nevada, a 50/50 joint venture involving Rea Gold (TSE) and BMR Gold (TSE). The first phase will test the continui…
News
Scintilore appealing payment order
The Superior Court in Quebec (Montreal district) has ordered Scintilore Explorations (TSE) and President T.H. Polisuk to pay almost $1.5 million plus interest to Union Miniere. The action, commenced i…
LATIN AMERICA ROUNDUP — Hillsborough drilling Mexican
Drilling is under way on Hillsborough Resources’ (TSE) El Oro property, 115 km northwest of Mexico City. The first hole, 93-01, averaged 4.24 grams gold per tonne and 43.4 grams silver over 9.3 metres…
LATIN AMERICA ROUNDUP — Vengold ties up Unin concession
In return for 25,000 common shares, Venezuelan Goldfields (VSE) will acquire the remaining 18% of a Venezuelan company which owns the Unin concession in the Kilometre 88 district. Vengold will then ow…
NEWS IN BRIEF (April 12, 1993)
Inca Gold Inc. (IGL:VSE) has changed its name to Air Pro Industries Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Trust.
STOCK MARKETS — Curragh seeks protection of courts, shares
No longer able to service its substantial debts, Curragh took shelter from its creditors during the week ended April 6. The zinc miner’s filing for court protection may signal the death of a company t…
STOCK MARKETS — Diamond exploration ventures fuel
The long odds of finding a potentially economic diamondiferous kimberlite pipe don’t appear to be daunting the growing number of junior companies now looking for such targets in North America. Western…
Spot prices at a glance (April 12, 1993)
Week’s Price (US) Change Gold* $337.15 + $0.25 Silver* $ 3.79 $0.10 Platinum* $360.60 $1.15 Nickel** $ 2.73 $0.04 Lead** $ 0.19 + $0.01 Copper $ 0.92 $0.05 Zinc $ 0.45 $0.00 Courtesy of Scotiabank. In…
Penny stock policy adopted
The Ontario Securities Commission is calling for a risk disclosure statement in the marketing of penny stocks. Effective June 1, such a statement will be provided (except in specified circumstances) t…
Metals sub-index declines
The metal and mineral sub-index of Scotiabank’s commodity price index declined slightly in February after two months of modest gains. The decline was largely due to stagnant base metal prices. Economi…
GOLD FUNDS (April 12, 1993)
Gold Funds as of Apr. 6 BGR Central Net Value $9.70 $5.14 Price $7.75 $5.00 Discount 20.09% 2.7% Value $54,329,000 $84,121,500…
Clarification (April 12, 1993)
The Eskay Creek deposit, north of Stewart, B.C., has diluted (by about 27%) reserves of 1.08 million tonnes grading 65.5 grams (2.10 oz.) gold and 2,930 grams (94.2 oz.) silver per tonne, plus 5.7% zi…