Messeguay reserves
A mineral reserve (probable and possible) of at least 541,300 tons grading 0.12 oz gold per ton is indicated to date for zone 75 at the Launay-Privat property located 30 miles northeast of Rouyn-Noran…
News
Michele deal ended
An option agreement between Michele Gold Mines (VSE) and Cathedral Gold Corp. (TSE) has terminated. Under the agreement, Michele had the right to earn a 49% interest in Cathedral’s Addington gold prop…
Holt-McDermott dilution monor problem: Barrick
With all the hype surrounding some astonishing gold discoveries at the Goldstrike operation in Nevada and a lawsuit over the Mercur mine in Utah, American Barrick Resources’ (TSE) newest gold producer…
Obituary Emerson Thompson
Veteran prospector Emerson Huck Thompson died recently at Durham, Ont., in his 81st year. Thompson, who prospected for many years for Conwest Exploration, did most of his lifetime work in Ontario and …
Investment comment Falconbridge issue expected to lag
Riding on some of the healthiest commodity prices seen in recent years, Falconbridge Ltd. (TSE) went into fiscal 1988 in what can only be described as sterling financial shape. The Toronto-based nicke…
South African mine strikes cited in gold output drop
From the South African Chamber of Mines’ Newsletter While tons of ore milled by primary gold mines, members of the Chamber, remained constant at 107.6 million tons in 1987, gold production fell by som…
Placer Dome top producer, Golden Giant leading mine
If asked which mining company is the largest gold producer in Canada, from Canadian gold-mining properties, you probably wouldn’t have any trouble in identifying Placer Dome (TSE). The gold giant is o…
News in Brief (July 25, 1988)
Vancouver-based Fleck Resources (VSE) says it has arranged with NIM Resource — 1988 and Co. Ltd. Partnership for a flow-through share issue to raise $500,000 for qualified expenditures on Fleck’s Smi…
Rouyn’s Francoeur ready to produce
Operations at the Francoeur gold mine near here are scheduled to begin generating cash flow on October 15th, project operator Rouyn Mining Resources (TSE) says. Shared equally with Lac Minerals (TSE),…
Madeleine moving ahead at new platinum project
While both the new 3,000-ton mill building and crusher house are up at Madeleine Mines’ (TSE) platinum metals group project and most major plant equipment is on site, installation is proceeding more s…
Obituary Charles Dudley Robbins, Jr.
Charles D. Robbins, a well- known mining developer and promoter, died recently at Beloeil, Que., at age 65. He came to Canada from Maine in 1952, and after a short period with a brokerage firm in Mont…
Jascan, Scotia Prime to go underground
Two companies with plans for underground programs within the next six months are Jascan Resources (ASE) of Toronto and Scotia Prime Resources of Halifax. Jascan is drilling the Dufferin Mine property …