More Glimmer assays
Additional drill results have been released by Noranda Inc. (TSE) from its gold discovery held in joint venture with Glimmer Resources (VSE). Situated in Beatty and Hislop twps., Ont., the 14-claim pr…
News
Cominco Resources still in the red
An aggressive exploration and development program in the international arena is continuing to create red ink for Cominco Resources International (TSE). The company’s third-quarter loss was $2.4 millio…
Metal Prices (November 27, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 21 Nov 20 Nov 17 Nov 16 Nov 15 Copper …
People (November 27, 1989)
MODULAR MINING SYSTEMS — Michael Canty appointed vice- president.
Managing Canada’s Mines Mixture of talents needed to face
For Denis Lachance, communication, particularly with underground operations, poses more serious problems than manpower quality. Lachance, who manages Agnico-Eagle Mine’s 0000,0600 gold operations at…
Ridgeway boosts Galactic earnings
With the Ridgeway gold mine in South Carolina still surpassing projections, Galactic Resources (TSE) emerged with its bottom line firmly in the black for the first nine months of 1989. The Vancouver-b…
Inco foresees dip, then rise, in output of valuable nickel
Total nickel production of Inco Ltd. (TSE) is expected to decline in 1990 but recover handily in 1991-92, according to the company’s chairman. Addressing a meeting of brokerage house analysts in Toron…
Editorial Time to bury the flow-through myth
It is time to put an end to the myth of flow-through financing. It was a method of financing mineral exploration that did more harm than good to the industry. It has reinforced all the negative aspect…
NovaGold drilling Mount Pleasant to test tin potential
A small diamond drilling program has been started by NovaGold Resources (TSE) on the Mt. Pleasant tin property in New Brunswick. The company is planning to drill at least two deep holes before year- e…
Barrick and LAC deals tap into new gold rally
American Barrick Resources (TSE) and LAC Minerals (TSE) have wasted little time in capitalizing from the 4-week-old gold rally. Moving quickly to take advantage of renewed investor interest in senior …
Gold price climbs $55 since September low, easily surpasses $400
Surprising more than a few analysts, the gold price has staged a recovery and surged past $400(US) per oz. The precious metal, in a price slump the past few months, has not reached such lofty heights …
Search for base metals
Ian Nichol, geology professor at Queen’s University, Ont., has received $1.6 million to study techniques for locating base metal deposits. The grant was made through the University Research Incentive …