New debentures for Stratmin
An affiliate of the French company Imetal SA, Mircal Mineral (Canada), will subscribe to $5-million worth of convertible debentures in Stratmin Graphite, the debentures bearing 6.5% interest payable y…
News
METAL PRICES PRODUCER PRICES (April 01, 1991)
ALUMINUM: MW U.S. Market US69.50-70.50 cents per lb. (Mar.14, 1991) ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CADM…
PEOPLE INTERNATIONAL NICKEL JAPAN LTD.
W. Aitken appointed president.
TORONTO STOCK EXCHANGE INDICES (April 01, 1991)
Mar. 26 Mar. 25 Mar. 22 Mar. 21 Mar. 20 HIGH LOW Composite”300″ 3467.92 3459.82 3457.04 3478.73 3481.33 4009.47 3009.91 Metals & Minerals3196.30 3157.02 3123.15 3139.86 3136.41 3453.06 2502.63 Integra…
Total Energold hits gold zone
Total Energold (TSE) exploration manager Steve Parry says he is encouraged by results of nine holes drilled on a Joutel, Que., gold property held under option from Northway Explorations (TSE) and T&H …
LETTERS TO THE EDITOR Parys illustrates juniors’ role
We must thank Stanley Holmes for sharing his knowledge of the history of the Parys Mountain deposit (“Parys Mountain project revisited,” (T.N.M., Mar. 4/91). The history of Parys Mountain has a broad …
Pezim financing is unsuccessful
Murray Pezim is looking elsewhere for senior financing for his junior companies after lengthy negotiations with an international major mining company terminated without an agreement. The major, believ…
CopperQuest plans 4-hole program for Flin Flon project
CopperQuest (OTC), a junior based in Thunder Bay, Ontario, is planning a 1,200-ft., 4-hole program on the Bear Lake base metal property near Flin Flon, Man. CopperQuest will be testing four electromag…
Vancouver Stock Exchange Prime Equities deal hits snag
Both the VSE composite and resource indices staged rebounds over the week ended March 26. The composite index rose almost 10 points to finish at 570.22, while the resource index edged up 8.66 points t…
Formosa mining at Silver Butte
By late April, Formosa Resources (VSE) expects to achieve its targeted production rate of 400 tons per day at its Formosa-Silver Butte polymetallic mine project near Riddle, Oreg. The company, slightl…
Bre-X drops Arizona gold bet
Tough equity markets have forced Calgary- based Bre-X Minerals (ASE) to drop plans to earn a 55% interest in the United Western mine in Oatman, Ariz. Bre-X could have earned the interest from owner Su…
Amax earning Haile interest
A definitive option and earn-in agreement was signed by Amax Gold (NYSE) and Piedmont Mining (NASDAQ) which will allow an Amax subsidiary to earn an interest in Piedmont’s Haile gold property near Ker…