Bresea issues shares to ease debt problems
Calgary-based Bresea Resources (ASE) has managed to ease itself out of financial difficulty by issuing shares for debt. According to Bresea, a debt load of $100,000 will be paid off when it issues 205…
News
Letter to the Editor Heather was manager of Madsen Red Lake
I read with interest your obituary on Allison Heather in the Mar. 20, 1989, issue. However, there was one glaring inaccuracy which I would like to correct. Mr Heather was never manager of Madsen Red L…
Editorial World class?
There have been many horror stories in this country in the past year about premature feasibility studies that over-estimate grade and mineable reserves but under-estimate capital and production costs….
Maufort on own at Siscoe project
Sole ownership of the Siscoe project near Val d’Or, Que., remains with Maufort Resources (ME), the company says. Maufort says Cambior Inc. (TSE) has withdrawn from the operation of the project and, ac…
Mono Gold completes drilling program
Vancouver-based Mono Gold Mines (VSE) says that a recently completed surface drill program on its Bannockburn project near Madoc, Ont., indicates that more underground exploration is required. Mono Go…
Oglebay Norton profitability buoyed by U.S. steel industry
With the United States steel industry operating at 90% of capacity, the fortunes of Oglebay Norton Company (NASDAQ) have improved dramatically. According to President Renold Thompson, iron ore pellet …
Buyers sniffing at Doe Run
Fluor Corp. has retained two investment banking companies to screen inquiries concerning its 57.5% interest in Doe Run Lead. Doe Run is a major lead producer in the United States. Fluor says although …
Canadian Mining Law
The Canadian Institute of Resources Law has recently started a 2-year research project on Canadian Mining Law. The project, co-ordinated by Barry Barton, will result in a one- volume manuscript on min…
Loree a winner of CIM award
For the second year in succession, Thom Loree, assistant editor of The Northern Miner Magazine, has emerged as a prize winner in the Canadian Institute of Mining and Metallurgy’s annual awards competi…
Syngold underground program finds continuous ore grades
Underground exploration has established ore grade continuity over mineable widths at the Donalda mine property where partners Syngold Exploration (TSE) and partner Minnova Inc. (TSE) are involved in a…
Spot prices at a glance (April 10, 1989)
Price Week’s ($US) Change($) Gold* 384.40 +1.10 Silver* 5.80 — 0.03 Platinum* 524.75 +1.25 Nickel** 7.02 — 0.15 Lead** 0.26 –0.01 Copper- 1.4…
Westminer takes another look at N.S. zinc mine
The mill at Gays River, N.S., could become a base metals mill again. Owner Westminer Canada, which currently treats 100 tons of gold ore per day (from the Forest Hill mine) in the Gays River facility,…