Platinum Lake to test PGM-winning technology
Canada may soon have another platinum group metal (PGM) producer. COATS-listed Platinum Lake Technology is well financed to test a new leaching method for recycling PGMs in catalytic converters from s…
News
U.S. REPORT Cominco Resources hits sulphide at Buckhorn
Sulphide mineralization has been located one mile north of Cominco Resources International’s (TSE) Buckhorn mine near Carlin, Nev. The new discovery is the product of a major exploration program desig…
Canacord seeks buyer for Silbak interest
Canacord Resources (TSE) is trying to sell its 9.9% interest in the Premier Silbak gold property but hasn’t ruled out the possibility of putting up its share of the financing to put the property into …
U.S. court decision on uranium benefits Canadian producers
The U.S. Supreme Court has ruled that the department of energy in that country is not required by law to restrict the enrichment of foreign uranium if such a restriction would not “assure the maintena…
Letters to the Editor Opposed amalgamations
Re: your article on Kiena, Sigma and Placer (N.M., June 20/88): After the Ontario Securities Commission denied our request for a hearing in the matter of the amalgamations of Placer Dome with Kiena an…
Placer Dome controls Craibbe-Fletcher Gold (June 27, 1988)
While no further work is contemplated at the present time on the Red Lake area gold property of Craibbe-Fletcher Gold Mines (COATS), at such time as access can be provided from the underground working…
Chelsea output second highest
Approximately 1,100 tons of ore grading 0.38 oz gold per ton was processed by Chelsea Resources (VSE) during May at its Spotted Horse mine near Lewistown, Mont. Fernando Nuflo- Moya, a company directo…
Vancouver Stock Exchange (June 27, 1988)
Trading volume has slowed considerably in the face of higher interest rates, a stronger Canadian dollar, and weaker gold prices. Many people were hoping that Huntington Resources Brett discovery near …
Brex announces gold discovery
First discovery of gold on the Desjardins property located 18 miles north of Quevillon, Que., has been announced by Brex Exploration (ME). President Claude Britt said two gold lenses were uncovered wi…
Metal Prices PRODUCER PRICES (June 27, 1988)
ALUMINUM: MW U.S. Market $1.26-$1.32 per lb. (June 2, 1988). ANTIMONY: New York dealer $0.98-$1.02 per lb. (June 9, 1988). BISMUTH: New York dealer $5.55-$5.70 per lb. (May 12, 1988). CADMIUM: New Yor…
SherrGold exceeding production forecasts
The MacLellan gold mine owned by SherrGold Inc. (TSE) is performing so well that recent production forecasts have been improved by the company. Speaking at the annual meeting in Toronto, Stephen Datte…
Fewer graduates portends problems for mining
One of the major challenges facing today’s mining industry lies in building a continuing supply of young engineers — not only in mining and metallurgy but in other disciplines such as electrical and …