BRENDA
A letter writer to The Northern AMiner newspaper back in late A1969 was puzzled as to how the fledgling Brenda Mines operation would ever make money. Brenda would produce fewer than 4 lb of copper fr…
News
Timmins Nickel share offering seeks $6 million for Redstone
A $6-million share offering is being planned by Timmins Nickel, a private company which owns a 51% interest in the Redstone nickel mine near Timmins, Ont. The bulk of the proceeds, if the maximum amou…
Greenstone busy at Millie Mack
Toronto-based Greenstone Resources (TSE) has started a $1.3- million exploration program on its Millie Mack gold-silver property in British Columbia. The 3,200-acre Millie Mack property is 18 miles ea…
Spot prices at a glance (July 03, 1989)
Wednesday, June 28 Week’s Price (US) Change Gold* $373.75 +$ 8.05 Silver* $ 5.30 +$ 0.06 Platinum* $505.10 +$ 9.50 Nickel** $ 5.42…
COATS (over-the-counter) McNickel up a dime
A heavy trading volume of more than 275,000 shares in Atlantic Goldfields left that issue virtually unchanged at 72 cents . The company is cash rich following a deal with Jascan Resources. Still await…
Grades improve 25% at Mishi gold project
The latest reserve calculations for the Mishi gold project in Ontario reveal an approximate 25% grade enhancement in both potential open pit and underground Main zone deposits. Joint venture partners …
What’s New POLY CHAIN
Gates Canada may have a cure Gfor your belt maintenance Gheadaches. If you have a V- belt- or chain-drive motor (on a ventilation fan or a sump pump, for example) where the belt or chain doesn’t last …
Copper markets remain strong in first half despite falling prices
Analysts called for a fairly strong first half for copper and, despite a tumble to the $1.10-$1.20(US) per lb range, the base metal has not disappointed. To the first of June, copper in London average…
A NEW CONVEYOR
Numerous changes have been made to the E zone mine conveyor belt system after an underground fire in 1987 left one miner dead and cast grave doubts over the mine’s future. The blaze broke out April 1,…
ISLAND
Not long ago, the Island Copper mine on Vancouver Island had faced a 1992 deadline for closing. Fortunately, its lease on life has been extended to 1996 because of an imaginative new mining plan. The …
Bunker Hill reports loss
Bunker Hill Mining (VSE) reported a loss of $613,793(US) or 4 cents per share in the first quarter, compared to $705,591 or 6 cents a year earlier. The Bunker Hill mine at Kellogg, Idaho has been pro…
Citadel adds claims to Surlaga holdings
Toronto-based Citadel Gold Mines is expanding its land position near Wawa, Ont. where the company is attempting to bring its Surlaga gold mine property back into production. Citadel says it has agreed…