Dispute at Hemlo’s Golden Giant
Toronto stock promoter Charles Stuart has threatened to get a court injunction to stop Hemlo Gold Mines (TSE) from mining a group of northwestern Ontario claims which he says are rightfully his. In a …
News
McChip Resources close to earning property interest
Shareholders of McChip Resources (TSE) were told at the recent annual meeting the company is close to acquiring its 50% interest in 72 claims located east of Timmins, Ont., in Stock, Macklem and Germa…
SherrGold exceeding production forecasts
The MacLellan gold mine owned by SherrGold Inc. (TSE) is performing so well that recent production forecasts have been improved by the company. Speaking at the annual meeting in Toronto, Stephen Datte…
U.S. REPORT Progress toward amalgamation of Crown, Gold Texas
Negotiations are progressing towards an amalgamation of Crown Resource Corp. (NASDAQ), Gold Texas Resources (VSE), and Gold Capital Corp. (Spokane). Specific details of the merger are pending awaiting…
Fewer graduates portends problems for mining
One of the major challenges facing today’s mining industry lies in building a continuing supply of young engineers — not only in mining and metallurgy but in other disciplines such as electrical and …
Metal Prices FREEMARKET (June 27, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date June 14 June 13 June 10 June 9 June 8 Copper 1376-1380 1430-1432 1555-1560 1525-1540 1480-1485 Lea…
Platinum Lake to test PGM-winning technology
Canada may soon have another platinum group metal (PGM) producer. COATS-listed Platinum Lake Technology is well financed to test a new leaching method for recycling PGMs in catalytic converters from s…
U.S. REPORT Cominco Resources hits sulphide at Buckhorn
Sulphide mineralization has been located one mile north of Cominco Resources International’s (TSE) Buckhorn mine near Carlin, Nev. The new discovery is the product of a major exploration program desig…
New zinc reserves released at Noble Peak’s Crypto bet
With over $5 million in its treasury, Noble Peak Resources (ASE) says it is making progress with a number of exploration programs in the Northwest Territories. Due to a revision of the flow- through f…
High grade gold at Dome Mountain
Underground sampling and drilling on the Dome Mountain property has returned high grade gold values, Teeshin Resources (VSE) reports. Located near Smithers, B.C., the Dome Mountain project is owned by…
Consolidated Professor needs $47 million to bu ild gold mine
A positive feasibility study has been received by Consolidated Professor Mines (TSE) for the company’s 100%-owned Duport gold project. Completed by the consulting firm of Wright Engineers, the report …
Obituary (June 27, 1988)
R. Anthony (Tony) Barker, who was in charge of AMAX’s Canadian exploration activities during the late 1950s and 1960s, died recently in an automobile accident in Portugal. Born in Vancouver in 1924, B…