Correction (July 18, 1988)
Contrary to what was reported in The Northern Miner recently, proven reserves at Borealis Exploration’s (ASE) Fat Lake project in the Northwest Territories stand at 52,500 tons of grade 0.325 oz gold …
News
Maufort, Cambior completing dewatering at Siscoe project
The dewatering process at the Siscoe project in northwestern Quebec, to be completed this summer, will open the shaft for exploration to 2,539 ft, Maufort Resources (ME) reports. Maufort’s joint ventu…
Canada’s newest gold producer
Some 200 invited guests cheer as Mine Manager Ebe Scherkus exhibits the firs t gold bar to be poured at the spanking new mining and milling complex of Dumagami Mines’ (TSE) at Cadillac, Que., Canada’s…
Subdued year forecast for silver
A recent rally pushed the price of silver over $7(US) per oz, but the precious metal will be hard pressed to maintain that price level this year, writes the London metals research unit of the internat…
Placer, MSV continue drilling on B zone at Eastmain project
More encouraging drilling results have been announced from the B zone of the Eastmain gold project in northern Quebec by partners Placer Dome (TSE) and MSV Resources (ME). The current drilling is a co…
PRODUCER PRICES (July 18, 1988)
ALUMINUM: MW U.S. Market $1.22-$1.27 per lb. (July 7, 1988). ANTIMONY: New York dealer $0.95-$1.05 per lb. (July 7, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New Yo…
Lepanto venture Philippine gold lures Galactic
One of mining’s biggest and best kept secrets was revealed to the world this week by Galactic Resources (TSE) of Vancouver and its Philippines-based partner Lepanto Consolidated Mining. After a detail…
Robex, Veinor test Joutel bet
A new zone at least 1,400 ft long was discovered last year a few hundred feet above a previously investigated pyrite zone at the Joutel property in northwestern Quebec being explored by Robex Resource…
Magino reserves upped by Muscocho, McNellen
A deep drilling program has resulted in a dramatic increase in reserves at the Magino gold mine property shared equally by partners Muscocho Explorations (TSE) and McNellen Resources (VSE). Located ne…
ARX Resources merger
As reported in last week’s issue, a new company called AXR Resources (ASE) has been created through the amalgamation of Argentex Resources Exploration (VSE) and Sholia Resources (ME). However, there w…
Lac completes 14 Garrison holes
Fourteen holes have been completed in an ongoing drill program at the 106-claim Garrison gold property in northeastern Ontario, related companies Silverside Resources (TSE) and Proteus Resources (VSE)…
Ex-Pegasus managers to fund Neptune’s dream
To be successful, mining companies run by innovative and free- wheeling people have to be married to financial backers who are equally innovative and free- wheeling. Neptune Resources (TSE) has done j…