Montreal Exchange: Firms in agreement
The management teams of gold- producer Louvem Mines and St. Genevieve Resources appear to have reconciled their differences, following a bid by the latter to acquire up to 4.8 million additional commo…
News
World Non-ferrous Metals mining map now available from West
A new World Mining Map of Non- ferrous Metals which is claimed for the first time to include centrally- planned-economy countries, is now available from a West German publisher. The map package, which…
Managing THE LIMITATIONS OF COMPUTERS
“First get it through your head that computers are big, expensive, fast, dumb adding-machine-typewriters. Then realize that most of the computer technicians that you’re likely to meet or hire are comp…
Shaft sinking proceeding at Tundra deposit
Sinking of a 1,500-ft shaft on the Tundra gold deposit in the Northwest Territories is expected to be complete by the end of 1988 says a spokesman for Getty Resources (TSE). The shaft was collared ear…
What’s New A New Air Track
Ingersoll-Rand has introduced a new self-contained pneumatic drill for holes 2 1/2 to 4 inches in diameter. The ecm-360 Crawlair cents features an on-board 580-cu-ft-per-min, 120-lb- per-sq-inch air …
Noranda to reopen Gaspe copper mine
The big Gaspe copper mine of Noranda Inc. at Murdochville, Que., which was closed following a disastrous fire April 1, 1987, in which 56 underground miners miraculously escaped, is to be reopened. The…
Score for Alotta Nickel copper find drawing interest
After 35,000 ft of exploratory drilling and an expenditure of close to $1.5 million (via flow-through financing) in the search for copper-nickel deposits in the Lac Simard area of northwestern Quebec,…
City announces price of purchase warrants
Vancouver-based City Resources (VSE) said recently that a previously announced modification of the exercise price of the company’s common share purchase warrants became effective April 19. The exercis…
Cambior projecting output of 200,000 oz gold in ’88
Quebec-based Cambior Inc. (TSE), which produced about 142,000 oz gold during 1987, is projecting an output of 200,000 oz for this year and 1989, and more than 250,000 oz for 1990. Cambior, with a 50% …
St. Genevieve Res. suspends offer for Louvem shares (May 02, 1988)
A bid to buy up to 4.8 million shares of Louvem Mines (TSE) at $1.50 per share has been suspended indefinitely by St. Genevieve Resources (ME). St. Genevieve, which owns about 56.5% of the common shar…
Water tas may scuttle Trail smelter expansion
At least a 25% increase in refined zinc production is being considered by Cominco Ltd. (TSE) at its Trail smelter operations, Robert E Hallbauer, president, told reporters after the annual meeting. Bu…
Queenstake grants option on Mar bet
A diamond drilling and surface sampling program will be carried out this summer on Queenstake Resources’ Mar gold property following an option agreement with Can Pro Development. Can Pro, a private B….