Dration/Locator asses Theresa
A good deal of religious fervor, including site visitations by priests, was practised by management in an effort to coax profitability from the Theresa gold mine in the early 1950s. The effort was for…
News
Magnacon makes second mine for growing Muscocho group
The Mishibishu Lake joint venture plans to spend $29 million during the next year to develop and put into production a 600-ton-per- day gold mine and mill operation on the Magnacon property about 32 m…
Noranda releases results from Grew Creek property (March 21, 1988)
More results have been released by Noranda Exploration from the Grew Creek discovery of Golden Nevada Resources 25 miles southeast of Faro, Yukon. The deposit has been tested for a strike length of ap…
La Sarre on ME
A Rouyn-Noranda, Que., junior mining company, La Sarre Mining Exploration, was recently listed for trading on the Montreal Exchange (symbol lsa). La Sarre was incorporated in August, 1986. It has inte…
Rayrock boosts earnings in ’87
Earnings of $6.9 million (69 cents per share) for 1987 were recorded by Rayrock Yellowknife Resources, compared with $2.7 million (28 cents per share), after unusual charges of $2.1 million, in 1986….
Water — an unknown at Carlin’s deep deposits
Nevada geologists refer to it as the unknown factor in the business of mining gold reserves. In the wake of one thunderous splash, it can put a damper on even the most sophisticated mining plan, or at…
Buckhorn partners sign new royalty agreement
A new royalty agreement has been signed by partners in the Buckhorn heap leach gold mine in Nevada. The agreement clarifies the recovery by Cominco Resources International (76% interest) and Equinox R…
Glen Auden, Ventex deal
Glen Auden Resources has signed an option deal with Ventex Energy Ltd., giving the former company the right to acquire a 50% interest in a 156-claim property near Atikokan, Ont. Glen Auden can earn th…
Lac joins Queenston
After losing Northfield Capital Corp. in the Oct 19 market debacle, Queenston Gold Mines has found a new partner to assist in developing the promising Kirkland West gold property, near Kirkland Lake, …
Coal companies want Ottawa to engineer a lower dollar (March 21, 1988)
Low-sulphur thermal coal from British Columbia, Alberta and Saskatchewan could compete in the Ontario market without government subsidies, according to members of the Coal Association of Canada (cac)….
727547 Ontario, trustee acquire Citadel shares
727547 Ontario Ltd., Dwight A. Fowler (as trustee) and Prairie Pacific Energy Corp. have entered into an agreement pursuant to which 727547 and Fowler will acquire from Prairie Pacific: * 550,000 comm…
Metal Prices PRODUCER PRICES (March 21, 1988)
ALUMINUM: MW U.S. Market $1.025-$1.06 per lb. (Mar 3, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (Feb 18, 1988). CADMIUM: New Yor…