Turnover hindered outgoing board
From a report by John Halsall, outgoing president of the Canadian Diamond Drillers Association, at the association’s annual general meeting in Quebec City recently. The 1988-89 term for the Canadian D…
News
Simkar sampling
Encouraging results have been obtained by Ronrico Explorations (VSE) from the company’s Simkar gold property near Val d’Or, Que. Sampling of a 6,600-ton surface stockpile has yielded a high degree of …
Corona intersects kimberlite in Saskatchewan
Corona Corp. (TSE) says it has intersected potentially diamond- bearing kimberlite on the first hole drilled on its property near Sturgeon Lake, Sask. Corona is exploring more than 14,000 hectares of …
Drill results boost Miligan potential
The latest results from wide-spaced drilling on the Mt. Milligan gold-copper project near MacKenzie, B.C., have Continental Gold Corp. (VSE) projecting a substantial increase in reserves. As operator …
Panorama begins feasibility study
Encouraged by the results of a recently completed pre-feasibility study, Panorama Resources (VSE) has commissioned a full feasibility study for the Platoro gold-silver project in southern Colorado. Th…
`89 building start possible Musselwhite could cost $100m
The Musselwhite brothers’ dream of seeing a gold mine developed at Opapimiskan Lake in northwestern Ontario could become a reality later this year when Placer Dome Inc. (TSE) announces the results of …
FINANCING (May 22, 1989)
VANCOUVER Brooklyn Res Inc — gross proceeds rec $250,000. Fair Harbour Mng — gross proceeds rec $280,000. Athabaska Gold Res — opt exerc on 250,000 @ 52 cents per sh. Glider Devel Inc — 600,000 s…
Montreal Exchange: Market advances
The market took a turn for the better this week with both the market portfolio and mining and minerals index posting broad advances, more than 65 pts and almost 62 pts, respectively. Volume was light-…
`Glasnost’ brings Polish mine, VSE junior together
The new spirit of glasnost sweeping Poland has set the stage for an agreement between that country’s largest copper mining and smelting organization and a Vancouver-based junior mining company. The re…
Drillers need to cut lost-time injuries says MAPAO director
The diamond drillers’ job is seen as a high risk occupation and unless the industry does something to improve that image, government may step in with increased regulation to reduce the rate of lost-ti…
Metal Prices PRODUCER PRICES (May 22, 1989)
ALUMINUM: MW U.S. Market US99.50 cents – $1.025 per lb. (May 11, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.40-$6.55(US) per lb (May 11,…
Higher metal prices help Noranda’s balance sheet
Known as a diversified natural resources company, Noranda Inc. (TSE) once had little to fall back upon but its copper production, Chairman Alfred Powis reminded shareholders at the recent annual meeti…