News


News in Brief (July 03, 1989)

Wolf River Resources has changed its name to Interchem (N.A.) Industries Inc. (IID:VSE) on a share-for- share basis. Transfer agent is Pacific Corporate Services Ltd.


Placer completes Paymaster purchase

Placer Dome (TSE) has completed the purchase of a 60% interest in the Paymaster gold project at Timmins, Ont. American Reserve Mining (VSE) has received $18.2 million in cash for the sale of both the …



GASPE CONCENTRATOR

When the fatal fire in 1987 closed Wthe E Zone mine at Murdochville, Que., management at Noranda Minerals didn’t have a difficult choice to make as far as the smelter was concerned. The 70,000-tonne-p…


50 Years Ago U.S. COPPER SALES LARGEST IN 3 YEARS

Domestic sales of copper have been the highest in three years. At the end of last week, sales were 152,000 tons for the month to date — the highest since April, 1936. The domestic copper price advanc…


Ontario offers exploration incentives

Two new mineral exploration incentive programs worth a total of $5 million were recently announced by the Ontario government. The Ontario Prospectors Assistance Program (OPAP) will provide experienced…


Gold output rises at Piedmont mine

There was a sharp jump in gold output at Piedmont Mining’s (NASDAQ) Haile mine project during the first quarter in comparison to last year. Production totalled 3,560 oz compared with 1,339 oz the prev…


Imperial starts 1989 program at Mt. Polley

Project operator Imperial Metals Corp. (TSE) has started a major work program which is expected to lead to a full feasibility study for the Mt. Polley copper- gold deposit near Williams Lake, B.C. Mt….




GIBRALTAR

Gibraltar Mines made a smart decision back in mid-decade. The company was saddled with about 200 million tons of low-grade ore and “waste” piled on-site at its McLeese Lake, B.C., mine. Someone decide…


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