Jerome sampling is encouraging
Initial chip sample results from the underground drift faces on the South zone at the 500-ft level of the Jerome project in northern Ontario averaged 0.28 oz gold per ton, across an average width of 5…
News
Improved gold production boosts Echo Bay profit
Improved gold production enabled Echo Bay Mines (TSE) to increase earnings in 1987 to $54.4 million (US) from $48.5 million(US) realized in 1987. For the year, Echo Bay produced 585,000 oz of gold com…
Editorial Easy money
A falling gold price has made life difficult for many Canadian mineral exploration companies. That, combined with government changes to tax breaks for individuals investing in mineral exploration, has…
Winter drilling at Eastmain
A final feasibility study for the Eastmain gold project in northern Quebec will be delayed until the results of a winter drilling program are integrated into the assessment, MSV Resources (ME) reports…
RJK earning option in Sask. properties
Recently acquiring an option to acquire up to 60% of the interest of Lenora Explorations and Mary Ellen Resources in the Box mine and New Athona properties in northern Saskatchewan was associated comp…
Peopel (February 20, 1989)
ASARCO — William T. Sweat has retired after 32 years with the company.
South Atlantic to develop copper project
With a feasibility study for a 250,000-ton-per-year mine and mill nearing completion, South Atlantic Ventures (VSE) is examining several options to raise the estimated $7 million(US) required to bring…
Echo Bay Planning surface program
A $2.5-million work program completed by Echo Bay Mines (TSE) on the Doc property near Stewart, B.C., appears to have generated mixed results. The company has an option to earn a 50% interest from joi…
Petromet and partners extend zone at Rambler
Drilling has traced a zone of copper-gold mineralization down dip to a depth of 600 ft on the Rambler property. Situated in Newfoundland, the Rambler property is being explored by a joint-venture grou…
Timmins Report Stan West changing DeSantis
If the Porcupine branch of the Prospectors and Developers Association of Canada has its way, prospectors’ licence will be renewable only once every three years, instead of annually as is now the case….
Calpine/Stikine results shows tonnage potential
Recent drill results from the Eskay Creek property of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) demonstrates its bulk tonnage potential. Among the latest assay results was 24.6 ft …
Metal Prices FUTURES PRICES (February 20, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb125.80 125.70 125.80 — 7.70 Mar128.45 123.60 123.80 — 7.70 May120.70 117.25 1…