Placer mining is still important
The oldest means of mining gold is placer mining, recovering the gold particles — some of which can be spectacularly rich — along river beds by panning or washing. Placer mining accounts for a small…
News
Aber/Hemisphere potential expands on Sunrise project
Drilling on the Sunrise project is continuing to add to the reserve base, say Aber Resources (VSE) and Hemisphere Development Corp. (VSE), 50/50 joint venture partners in the polymetallic project loca…
Toronto Stock Exchange (August 08, 1988)
The lazy, hazy days of summer did little to inspire fervor for the market again this week in Toronto. Trading volume, at 396.6 million shares for the month of July, was the lowest level since December…
Montreal Exchange Trading volumes off
Whether or not the hot weather of late has made investors sluggish remains to be proved, but the stock market could use an injection of something to get it moving. In Montreal this past week, light tr…
Trust fund sought for royalties owed Larch and McKinnon
Net smelter royalties owed to prospectors John Larche and Donald McKinnon from claims staked at the Hemlo gold camp in northern Ontario have not been paid since legal action was started by Scintilore …
Letters to the Editor (August 08, 1988)
As a McNellen shareholder, I am a little disappointed at the skepticism you imply as to the latest estimates of McNellen’s ore reserves (now eight million tons of 0.25 oz gold per ton) and thought to …
Editorial An election plank
It’s not often, in Canada, that political leaders even mention mining let alone consider the industry, one which might contribute a plank to their election platform. Not so in the U.S. At a recent con…
Tantalum-Niobium
A Florida setting has been chosen for the International Symposium on Tantalum and Niobium to take place Nov 7-9 at Orlando. The emphasis at this year’s meeting will be on marketing, production, proces…
Hope Brook reports output of 18,629 oz
Gold production of 18,629 oz was reported by Hope Brook Gold (TSE) for the first six months of 1988 from its Newfoundland mining operation. Production at the site was suspended for the winter and did …
Noranda’s CEZ adding silver recovery circuit
Celebrating 25 years of production, Canadian Electrolytic Zinc (CEZ) is adding a silver recovery circuit to its zinc reduction plant located just outside Montreal. A pilot plant has been installed and…
Agnico and Hecla comb new gold areas
Two well known and highly respected mining companies out to broaden their horizons — one American, one Canadian — are joining hands to form a new and well heeled international exploration company th…
Biron raises $9.5 million, Hecla plans Mooseland shaft
Work crews of Hecla Mining Co. of Canada are clearing the site of a new, 330-m shaft to be put down on Acadia Mineral Ventures’ Mooseland property in Nova Scotia. Located 45 miles northeast of Halifax…