News inBrief (May 09, 1988)
New Century Resources (VSE) has executed an option with Buxton Placer Exploration to acquire a 50% interest in certain placer leases in the Likely area of British Columbia. Because of uncertainties re…
Articles by Northern Miner Staff
Goldbrae encouraged by results
Drilling will resume this month on the polymetallic Big Island Lake project near Flin Flon, Man., Goldbrae Developments (VSE) reports. The company says 19,000 ft of drilling has been completed to date…
Lower demand, prices seen for copper
There’s no doubt the price of copper, which topped $1.40(US) per lb at the end of 1987 but has settled back into the 90 cents -$1.10 range of late, has spurred mining activity of the base metal. Figur…
Placer Dome buys Eastfield shares
A private placement agreement between Eastfield Resources (VSE) and Placer Dome (TSE) gives the latter the right to acquire up to 40% of the outstanding shares of Eastfield. Subject to regulatory appr…
Old shaft gives access at depth to Newfields-Teck
Use of an old mine shaft is giving Newfields Minerals (TSE) and Teck Corp. (TSE) an exploration head start in the Kirkland Lake area of northern Ontario. The old Lake Shore No 5 shaft will give the co…
Ronrico earns 25% interest in Sikmar bet
A 25% interest has been earned by Ronrico Explorations (VSE) in the Simkar gold project near Val d’Or, Que. An agreement between Ronrico and Fonteneau Resources required the former to spend $2 million…
Ketza ups Yukon gold output
Steeped in the folklore of the Klondike and the great gold rush of 1896, the Yukon Territory is once again making a significant contribution to Canada’s cumulative gold output. But this time the produ…
MSV buys shares in Nova-Cogesco
Recently increasing its interest in Nova-Cogesco Resources (TSE) to about 25%, on a fully diluted basis, was MSV Resources (ME). The latter is buying 690,000 shares of Nova-Cogesco at $1.75 per share,…
Spot prices at a glance (May 02, 1988)
Week’s Price (US) Change Gold (per oz) $449.10 — $ 8.90 Silver (per oz) $ 6.37 — $ 0.10 Platinum (per oz) $518.50 — $16.50 Copper (per lb) $ 0.97 — $ 0.03…
What’s new Clarification
In our January issue we announced that Wagner Mining Equipment of Portland, Ore., is marketing an electrical-powered scoop equipped with a 1/2-cu-yd bucket and a diesel-powered scoop of the same size….
Stay of execution still possible for flo-through funds
Members of the mining exploration community received some indication here last week that the federal government is about to back down from its plan to weaken flow-through shares. Robert Jones, directo…
From the centre IDEAS THAT PAY
Editor’s note: The key operating people at any Canadian mine and mill were once concerned almost solely with meeting production quotas. Not anymore. At the better operations, getting more work out of …