Managing Canada’s Mines
In the gold mining business it’s not necessary to be big to be successful. It’s the ounces produced that count, says Paul Cregheur, mine manager for Malartic Hygrade Gold Mines. 0000,0500 “For the sa…
News
Cominco drilling Calnor gold bet
A surface diamond drill program by Cominco Ltd. (TSE) has started on the Spectrum gold property located in the Liard Mining Division in northwestern British Columbia. Cominco has an option to earn a 6…
Bitech to go underground at Nugget Pond property
After outlining a small but high- grade gold deposit on its Nugget Pond property in northern Newfoundland, Bitech Corp (ASE) is set to launch an underground exploration program this fall. Although it …
Northern Miner names new Western Editor
Vivian Danielson has been named Western Editor for The Northern Miner, Canada’s mineral resources newspaper. Danielson, a mining journalist for the past five years, was managing editor for a mining jo…
Eskay Creek area comes alive
Although much of the credit has to go to Murray Pezim and hole 109, a full- fledged outbreak of gold fever has set the stage for a new wave of exploration into northwestern British Columbia’s gold cam…
Exploration under way at Hixon Gold property
Initial line-cutting and detailed geophysical surveys are under way at Hixon Gold’s (VSE) Louvicourt Twp. property east of Val d’Or, Que. Located about 4 km from the Aur/Louvem massive sulphide discov…
People (September 04, 1989)
DEJOUR MINES — L.J. (Jack) Gunter appointed president and chief executive officer and to the board.
Billiton to explore Ican’s Oregon porphyry gold deposit
Billiton Minerals USA, the mineral wing of Houston-based Shell Oil Co., has signed a preliminary agreement to earn 51% in Ican Minerals’ (ASE) Racey gold project in southeastern Oregon. Last winter Ic…
Curragh, Hillsborough complete drilling program at Mt Hundere
A major drill program comprising 58,000 ft in 74 holes has been completed on the Mt Hundere zinc- lead-silver property in the Yukon Territory by partners Hillsborough Resources (TSE) and Curragh Resou…
Mining Corp. buying Goldpost property
Goldpost Resources (TSE) and Mining Corp. of Canada have entered into an agreement whereby the latter will purchase Goldpost’s Hislop West property situated east of Timmins, Ont. Goldpost will receive…
Toronto Stock Exchange Lively base metals help keep market active
Bouyant investor interest in base metal stocks helped push the integrated mines index higher to 4081.06 points this week. The Toronto Stock Exchange’s 300 composite index, a wide measure of Canadian s…
Spot prices at a glance (September 04, 1989)
Week’s Price (US) Change Gold*$361.20–$ 5.60 Silver*$ 5.13–$ 0.10 Platinum*$477.10–$ 8.25 Nickel**$ 5.72+$ 0.07 Lead**$ 0.34+$ 0.02 Copper$ 1.36+$ 0.05 Zinc$ 0.84–$ 0.04 Courtesy of Scotiaba…