X-Cal to drill Snowbird gold bet
A winter drill program is scheduled to begin this month on X-Cal Resources’ (TSE) Snowbird gold property in central British Columbia. The first phase of the program will test the “North zone,” where 1…
News
Wawa link to gold mines going ahead
Surveying and clearing work will proceed this winter on a road to link Wawa and Dubreuilville to the Kremzar and Magino gold mines, Northern Development Minister Rene Fontaine said. “I believe that th…
Editorial Rationalizing Canadian Coal Markets
If coal is such a hard sell these days, why not convert the energy contained in the rock into a form that is more salable? Two coal mining companies in British Columbia’s Elk Valley, for example, ar…
Vancouver Stock Exchange Gold issues boost market
A renewed interest in the market is generating better than anticipated trading volumes and accounting for a decidedly upbeat mood on the VSE as the new year begins. Despite gold and platinum’s lacklus…
Metal Prices (January 16, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper (pounds sterling per tonne) Date Jan 10 Jan 9 Jan 6 Jan 5 Jan 4 Copper 1862-1867 …
Toronto Stock Exchange New Year’s rally continues to make advances
A New Years rally continues to gain momentum adding another 24.12 pts to the composite index which closed at 3468.54 pts. Both the gold and metals indices advanced. Golds picked up 32.52 pts to close …
Alberta Stock Exchange Borealis takes a dive
The general market malaise which pervaded the investment world for much of 1988 appears to be continuing into the new year. Volumes picked up slightly from the low levels of recent weeks, but there wa…
Drilling resumes on Golden Heart deposit
Diamond drilling by partners Tyler Resources (TSE), Golden Rule Resources (TSE) and Cameco — A Canadian Mining and Energy Corp. has resumed on the newly discovered Golden Heart deposit located at Wee…
Dumagami considers doubling mine rate
Management of Dumagami Mines (TSE) is studying the possibility of doubling the production capacity of the Donald La Ronde gold mine at Cadillac in northwestern Quebec, says minority shareholder Invesf…
Thayer Lindsley, 1882-1976
Thayer Lindsley has been described as the greatest mine-finder of all time. Not only did he found Falconbridge, a multinational organization ranked now among the largest mining companies in the world,…
Mill City targets Tyranite after share consolidation
The shares of Mill City Gold Mining Corp. (ASE) began trading on the Alberta Stock Exchange recently after the company gained shareholder and regulatory approval for a stock consolidation. The company…
Newmont suffers heavy fire damage
A fire at Newmont Gold Company’s Mill No 2 primary crusher on Dec 27 caused heavy damage to the structure. The exact cause of the blaze has not been determined but it appears to involve efforts to pre…