Graphite plays a vital role
Without graphite, the diamond drill bit industry may not have been able to reach its present state of development. Graphite is used in both the mold and mold parts for drill bits. Speer Canada machine…
News
Positive drill results at Bachelor Lake mine
Encouraging assay results have been reported by Bachelor Lake Gold Mines (TSE) from several recently completed underground drill holes on the company’s Lensueur Twp. mine at Desmaraisville, Que. The d…
Low sales continue to plague Potash Corp.
A substantial drop in sales to the Potash Co. of America as it resumed its own production at the Patience Lake mine was the main factor behind a 84% first-quarter earnings tumble for Potash Corp. of S…
Toronto Stock Exchange Indices 0701,0205,0205,0205,0205,0205,0205,
May 15 May 14 May 11 May 10 May 9 HIGH LOW Composite “300” 3505.34 3526.50 3534.98 3486.47 3464.00 4009.47 3334.13 Metals & Minerals3075.36 3122.01 3138.03 3084.82 3032.47 3453.06 2850.84 Integrated M…
USMX to buy 50% of Alligator Ridge mine
USMX (NASDAQ) of Denver, Colo., has reached an accord with RTZ-subsidiary Kennocott Corp., to purchase the latter company’s 50% interest in the Alligator Ridge gold mine in White Pine Cty., Nev. A for…
Morrissette picks up three association safety awards
N. Morissette Canada scooped up three awards at a special safety luncheon held in Vancouver at the 47th annual meeting and convention of the Canadian Diamond Drilling Association. Dale Fowler, preside…
INSIDE Small drills offer flexibility in setup
Since 1983, Hydracore Drills has been developing a new drill suitable for drilling on difficult surface setups that would allow easy movement and repositioning. The result is two drills that are compa…
William, Billiton test Montgay bet
Five holes tested geophysical anomalies and two other holes tested the depth extension of a known zinc-silver occurrence as part of a drilling program at the Montgay property 55 km northeast of Val d’…
Reappraisal of Moss Lake indicates open pit potential
Hemlo Gold (TSE) is providing a further $2 million to close associate Central Crude (TSE), for a greatly expanded program at Crude’s Moss Lake project in the Shebandowan area, 70 miles west of Thunder…
Agnico-Eagle quarter results reflect Dumagami acquisition
As indicated by Agnico-Eagle Mines’ (TSE) first-quarter results, the Toronto-based gold producer is starting to benefit from a recent amalgamation with affiliate Dumagami Mines. Bolstered by output fr…
Metal Prices (May 21, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 15 May 14 May 11 May 10 May 9 Copper 1583-1585 1643-1644 1690-1695 1…
INSIDE Ocean drilling off B.C. coast
An international research body plans to drill a base metal deposit off the coast of British Columbia next summer as part of an international research initiative to study the geology of the world’s oce…