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…
News
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….
Stratabound asks for study on impact of CNE bulk sample
Believing that its CNE base metal deposit in New Brunswick can be developed as a low-cost open pit mine, Stratabound Minerals (ASE) has applied to the provincial government for permission to take a bu…
Dejour, Noble Peak seek JV partner on Turquetil property
Joint venture partners Dejour Mines (TSE) and Noble Peak Resources (TSE) plan to carry out a $700,000 exploration program this year on their Turquetil gold property, situated 140 miles southwest of Ra…
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…
Dividends take 50% of Franco’s cash
Shareholders of Franco-Nevada Mining Corp. (TSE) can look forward to annual dividends of $1 per share, Seymour Schulich, chairman of the company said at Franco’s annual meeting. “The cornerstone of Fr…
Halt trading order on Comaplex shares remains in effect
A cease trading order placed on the common shares of Comaplex Resources (TSE) will remain in effect for the time being, the Ontario Securities Commission has ruled. The cease trading order was issued …
Drifting increases Ronrico stockpile
Drifting on the second and third levels of the East Zone of Ronrico Exploration’s (VSE) Simkar gold project near Val d’Or, Que., have increased the company’s No 1 stockpile to 5,991 tonnes. Ore reserv…
Vancouver Stock Exchange Mishibishu gold claims sparkle
The discovery of a significant copper-zinc massive sulphide deposit near Val d’Or, Que., has provided a badly needed psychological boost to market activity here, even though the find directly involves…