News in Brief (May 02, 1988)
Crew Minerals has changed its name to Asia-Pacific Resources (APQ:VSE) on a share-for-share basis.
News
Vancouver Stock Exchange Alotta ups nickel find
Market activity in Vancouver can only be described as lethargic and brokerage month-end has compounded matters even further. The selling out of delinquent accounts has tended to put downward pressure …
Letters to the Editor Insult to injury
Once again the minority shareholders are receiving second-rate consideration in a mining merger. I own shares in Mascot Gold Mines because I believe that it will be an excellent, profitable mine. If t…
Mascot reduces debt
The bank debt for Mascot Gold Mines’ (TSE) Hedley, B.C., gold project was reduced by $10 million to $46.4 million at the end of the second quarter. During the three months ended March 31, Mascot produ…
Innovations MONEY-SAVING ROAST
With 60 pieces of heavy mobile equipment and more than 200 pieces of plant machinery at Luscar Sterco’s Coal Valley mine, near Edson, Alta., preventive/ predictive maintenance is an obvious priority. …
Proceeds of Grant gold to solve Silverado problem
Living up to expectations has generally been a problem at Silverado Mines’ (VSE) Grant gold project near Fairbanks, Alaska. Milling at the troubled mining operation recommenced Dec 1, and since that t…
Canadian United drilling results prove encouraging
Final results are in from a drill program on the east zone of Canadian United Minerals’ (vse) Fireweed property 32 miles northeast of Smithers, B.C. About 14,000 ft of drilling was recently completed …
Exploration drilling
Three new drills have been introduced into the underground diamond drilling market in the past year, according to a survey of the three major manufacturers with offices in Canada. JKS Boyles Internati…
New magnesium plant given green light
What the Magnesium Co. of Canada (Magcan) says has the potential to grow to be the largest of its kind in the world, a magnesium production facility located near High River, Alta., was recently given …
Continuous mining STRAIGHT AND DEEP
Late in March, a series of four blind holes to a depth of 2,000 ft were drilled at Inco’s Crean Hill mine by Underwater Gas Developers. In a departure from normal practice, Underwater Gas used oil fie…
Exploration drilling FLOW-THROUGH UNCERTAINTY LINGERS
Many of Canada’s drill manufacturers experienced record sales last year, but fears are growing among them that the current exploration boom may soon become a bust. It all depends on whether new drills…
Court orders Blackdome miners to return to work
A group of underground employees at Blackdome mine near Clinton, B.C. were expected to be back on the job last week following a court order which called for an end to their 6-day strike. The 18 member…