Getty, Noranda expand strike of Tundra deposit
Additional deep drilling by partners Noranda Exploration (51%) and Getty Resources (49%) has extended the strike length of the Tundra deposit by 450 ft. Located at Courageous Lake, N.W.T., the Tundra …
News
Imp. Metal net up
Net income of Imperial Metals rose in the six months ended Sept 30 to $611,000 on revenue of $1.6 million, compared to income of $58,000 on revenue of $1.2 million in 1986. Income for the second quart…
Moneta Porcupine acquires Montana gold-silver claims
In a bid to broaden its interests beyond gold exploration, Moneta Porcupine Mines of Timmins, Ont., has acquired a major interest in over 200 mining claims in the Finlay Basin area of Granite Cty., Mo…
Toronto Stock Exchange Market plays ‘crack the whip’ with investors
Remember that childhood game called crack the whip? That’s exactly what the market is doing to those interpid investors bold enough to go for the ride. Since Black Monday last Oct 19, volatile swings…
Japanese play hardball in Quintette coal row
While Quintette Coal has accused them of attempting to squirm out of long term contracts, a major Japanese steel manufacturer says it has no alternative but to take a pricing dispute involving Quintet…
American Reserve funds Porcupine gold
A $15.2-million exploration program at Associated Porcupine’s Paymaster gold property near Timmins, Ont., will be funded by American Reserve Mining under a joint venture agreement. Using flow-through …
Zenmac Zinc suing Minnova over Winston Lake venture
The Winston Lake zinc-copper-silver-gold deposit, near Schreiber in northwestern Ontario, has become the focus of a lawsuit. Toronto-based Zenmac Zinc launched a legal action in November with the Su…
COST-CUTTER The History of Highland Valley Copper
Discovered in the early 1960s by Egil Lorntzsen, the Lornex orebody was the first porphyry copper deposit developed in British Columbia’s Highland Valley. Shortly thereafter, the larger and higher gra…
Cross-Cuts PATIENCE PAYS
A Reuters report out of Darwin, Australia says a 62-year-old prospector who has been “scratching away for years” with a pick and shovel about 1,000 km south of the city has found a vein of almost pure…
Cross-Cuts QUINTETTE’S COAL SHUTTLE
When Quintette Coal decided to truck-haul coal from its newly opened Shikano pit to the process plant three kilometres away, the haulage trucks had to cross a public access road. For safety and effici…
What’s New New Rock Breakers
Three new hydraulic rock breakers rated at 200-, 250- and 500 ft-lb are now available from Teledyne Canada Mining Products in Thornbury, Ont. The largest breaker, called the tb-180, delivers 850 blows…
What’s New Battery Charger
A new charging unit for recharging battery-powered mining equipment is now available from Rebuilders Inc. of Fairmont, W. Va. The skid-mounted model 1,300 charger operates on 480/575 volts ac. The cha…