Correction (August 14, 1989)
Marshall Minerals Corp. (ASE) will receive 65% of the sale proceeds from the Restigouche base metals deposit in New Brunswick. East West Caribou Mining, which will process the ore, will receive 35% of…
News
Includes 46 ft. of 1.7 oz gold Calpine drilling returns high grade
An ongoing program of step-out and infill drilling by Calpine Resources (VSE) is continuing to return encouraging results from the 21 zone of the Eskay Creek project in northwestern British Columbia. …
Louvem-Aur dispute takes centre stage
Now that three of Canada’s largest mining companies have agreed to participate in the Louvicourt Twp. joint venture east of Val d’Or, Que., a resolution to an ownership dispute is expected to be the n…
COATS (over-the-counter) Bonanza steady
A heavy trader this week was Bonanza Metals with 44 transactions in the 95 cents -$1.15 range. This Quebec- based junior is hoping to come up with extensions to the former Poirier copper-zinc deposit …
Hope Brook needs better gold price to show a profit
Having solved a number of operating glitches at its Chetwynd, Nfld. gold mine, Hope Brook Gold (TSE) is currently grappling with a new problem that is obviously beyond its control. As a result of lowe…
Letters to the Editor Consolidated Stikine not involved in Ski-4
I wish to point out some serious inaccuracies in your reporting of the Calpine Resources article on the first two pages of your July 24, 1989 issue. Your final paragraph reads in part, “The company’s …
Asarco directors adopt rights plan
The board of directors of base- metals producer Asarco Inc. (NYSE) has adopted a shareholder rights plan in which preferred stock purchase rights will be declared as a dividend at the rate of one righ…
Managing Canada’s Mines Manager of `classic’ Dome mine is a 30-
“It’s a classic. It’s my life,” says Robert John Perry of the famed Dome Mine at Timmins, where he has worked for the past 30 years from shift boss to his present post of general manager. And indeed i…
Eastmaque takes on partner for American Girl mine
Although its Kirkland Lake tailings operation will remain wholly- owned, Eastmaque Gold Mines (TSE) has taken on a joint venture partner for its American Girl gold mine located in southeastern Califor…
Drilling stops on Athabaska Gold bet
Diamond drilling has been suspended pending clarification of financing on Athabaska Gold Resources’ (VSE) Nicholas Lake property, situated 50 miles north of Yellowknife, N.W.T. The company said two dr…
Nickel leads Canada’s mineral output
Strong markets in base metals in 1988 helped push the total value of Canadian mineral production that year to a new peak of $21.1 billion, up 19.2% from the previous year. The Mining Association of Ca…
Editorial MDAs need help
Geoscientists in New Brunswick are being caught in a political squeeze between the federal and provincial governments. The province needs financial backing from the federal government to bridge the ga…