James Y. Murdoch, 1890-1962
A lawyer by profession, James Y. Murdoch, who became first president of the fledgling Noranda Mines in 1922, at the age of 32, was one of the greatest builders Canada ever produced, not just a mine-…
News
Unocal option deal
A joint venture agreement has been concluded between Unocal Canada, Moneta Porcupine Mines (TSE) and Nahanni Mines (TSE) on a group of 86 claims near Timmins, Ont. Located in Michaud Twp., the propert…
Economic session
The American Copper Council will sponsor an economic outlook session at its luncheon meeting in New York on Thursday, Feb 2. Featured speaker, is Nicholas Perna, vice-president and chief economist for…
Metal Prices FUTURES PRICES (January 16, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Jan 146.00 144.60 144.70 — 7.00 Mar 136.20 133.40 143.70 — 2.00 May 126.30 124.50 125….
Dr. Duncan R. Derry, 1906-1987
An eminent economic geologist, known internationally for his many contributions to mineral exploration on nearly every continent of the world, Duncan R. Derry was one of the Canadian mining industry’s…
Karl Springer, 1899-
Karl Springer’s name is closely associated with such notable Canadian mining ventures as Mattagami Lake Mines, Granduc Mines, Barymin Limited, Canada Tungsten Mining Corp., and Newfoundland Zinc. He…
PEOPLE (January 16, 1989)
PEGASUS GOLD INC. — John M. Willson appointed president and chief executive officer succeeding James H. Foreman who at the same time was elected chairman of the board.
MNDM reorganizes
The Mineral Development and Lands Branch of the Ministry of Northern Development and Mines has been reorganized. “The new structure will help the branch to fulfil its mandate and enhance service to th…
Gamsan intersects high grade zone at Brabant Lake property
Assay results from recent drilling on Gamsan Resources’ (ASE) Brabant Lake property in northern Saskatchewan have confirmed the presence of a lens of high-grade polymetallic mineralization. Gamsan’s 1…
Queenston hopes riding on Kirkland, Anoki bets
With its Anoki gold project in the feasibility stage and underground exploration under way at the Kirkland West property near Kirkland Lake, Ont., Queenston Gold Mines (TSE) is hoping to become a gold…
Earnings Reports (January 16, 1989)
U.S. Gold Corp. of Denver, Colo., reports net income for the 3-month period ended Sept 30 of $352,000 (US) or 1 per share on revenue of $1.9 million. For the same period a year earlier the company re…
United Lincoln Drilling Expands MBX Gold-Copper Zone
With assay results in for the first ten holes of a major delineation drill program, United Lincoln Resources Inc. (VSE) is reporting an increase in gold grades at the open, southern end of the MBX dis…