CHARGE IT
CHARGE IT We learned recently that nickel/copper production has been suffering at Falconbridge’s Sudbury refinery. Faced with a critical demand overload, Ontario Hydro triggered a clause in its electr…
News
FOUND: RED DOG
We are writing to correct the story of how the Red Dog deposit in Alaska was discovered (TNMM, January, 1990). The following account comes from Robert Griffis, who was a member of the Watts, Griffis a…
On The Move (March 01, 1990)
Thomas Zarnke has been promoted to plant manager at ME International’s Northern Automatic Electric Foundry operation in Ishpeming, Mich. He joined the company in 1985 as engineering and maintenance su…
GEOLOGICAL JACKPOT
The Louvicourt copper-zinc-silver-gold massive sulphide deposit, 24 km east of Val d’Or, Que., has 35.9 million tons (32.5 million tonnes) of geological reserves. These grade 3.11% copper, 1.34% zinc,…
Gold funds as of Feb. 20
MVP BGR Central Capital Net value $12.51% $6.57% $0.44 Price $11.25% $6.75% $0.37 Discount 10.07% 2.7%5 19% Value $74,511,862 $110,644,388 N/A…
People (February 26, 1990)
BRANER RESOURCES — Mark Wallbom appointed to the board of directors.
Cameco, Troymin deal
Trimin Resources (TSE) and Cameco have acquired an option from Troymin Resources (ASE) to purchase a 51% interest in 15,000 acres of land along the Hanson Lake polymetallic trend in Saskatchewan. The …
Copper-zinc sulphides found by Thunderwood, Greenstone
Zinc-rich massive sulphides and copper-bearing stringer sulphide mineralization of the type reported by Aur Resources (TSE) on its Val d’Or, Que., project are being encountered on a property held by T…
Romulus drilling
A $200,000 exploration program is under way on the 8-claim Lloyd- Nordik joint venture of Big Valley Resources (ASE) and Romulus Resources (VSE) in the Cariboo mining division of British Columbia. Rom…
Cominco earnings near 1988 levels
With consolidated 1989 earnings of $214.6 million, Cominco (TSE) slightly exceeded the record earnings of $213.5 million set in 1988 before extraordinary earnings. (After including extraordinary items…
10,000 tons per day Colomac nears production
Northgate Exploration (TSE) affiliate ABM Gold (AMEX) appears to be winning a battle with the elements as it puts the finishing touches to its ambitious Colomac gold project, 137 miles north of here. …
Great Northern hits
A recent drill program in Garrison Twp., Ont., by Great Northern Gold (ASE) and Winteroad Resources (COATS) was successful in cutting at least one high-grade gold value. The companies report that hole…