News

Midland Energy Corp. (VSE) plans to raise $3.5 million within the next few months through a rights offering that could see its parent company’s ownership increase to more than 70% from the current 56%…

Golden Myra Resources (TSE) has acquired a nickel prospect in the Lac Bellemare area north of Chicoutimi, Que. The 20-claim property is near the nickel discovery made on a property controlled by Terre…

ALUMINUM: MW U.S. Market $1.06-$1.09 per lb. (Jan 19, 1989). ANTIMONY: New York dealer $1.00 cents -$1.03 per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75 per lb. (Jan 5, 1989). CADMIUM: N…

Trading activity here remained upbeat and at a relatively even keel despite gold’s dip below $400 and some further profit-taking. Even the latest insider trading scandal failed to have any impact, wit…

The New Year’s rally continued unabated as 30 million shares exchanged hands today moving the composite index up 23.94 pts. Today’s close of 3640.58 pts represents a 72-pt increase over our review wee…

In 1910-11, when the Canadian Coast Guard Vessel Arctic wintered on the remote, northwestern coast of Baffin Island, a prospector on board reported, for the first time, the presence of silver, lead an…

In British Columbia, Manitoba and Saskatchewan, proposals (more or less offical) have been made in connection with aiding the prospector and the mining industry. In the coast province, Mayor Telford o…

An article entitled “Breakthrough in Measuring Stress” appeared in your October issue on Page 71. The article gave the impression that the breakthrough device mentioned was arrived at after combining …

Reliability, productivity and flexibility are the hallmarks of any load-haul-dump (LHD) machine worth its weight in ore. Striking an appropriate balance for the job at hand is a tough job for an equi…

In the article “Compressed Air, Naturally” in the November issue, the following was stated: “Thus was born, in 1910, the world’s first and only water-powered compressed air plant — the Ragged Chutes …

This year Dome Mines enters upon the active development of the No 6 shaft area towards the east end of the mine, after two years of letting that section lie fallow. This development will carry detaile…

Since base metals deposits in southern Canada are being mined at such great depths today, exploration geologists are being forced to rethink the meaning of the word “remote.” Base metals deposits disc…