Vancouver Stock Exchange (January 02, 1989)
With 1988 coming to an end, the Vancouver market trend can only be described as “sideways” which is probably understandable. Throughout the year Prime Group companies have pretty well dominated tradin…
News
BREAKING NEW GROUND BEAUCHASTEL
More than half a century after it was first known to contain gold mineralization, the Beauchastel property, near Rouyn-Noranda, Que., is about to become a producer. The property’s owner and developer,…
Claude to proceed at Seabee
Claude Resources (TSE) has decided to proceed to final mine feasibility on its Seabee gold project in northern Saskatchewan. The decision follows a review of prefeasibility studies completed by A.C.A….
Cross Lake in venture with Golden Dragon
A joint venture agreement has been entered into by Cross Lake Minerals and Golden Dragon Resources (VSE) on a 35-claim property in Wilhemina Twp., north of Timmins, Ont. Cross Lake President R. S. Mid…
Letters RESERVE RESERVATIONS
I agree with most of your editorial “Keep it Simple” (October issue) on (ore) reserves. However, “mineral inventory,” an established term also variously known here and elsewhere as “geological ore res…
Japan and Taiwan big gold buyers
Japan is rivalling Taiwan as an importer of gold. According to news reports, Japan imported about 280 tons of gold in 1988, an increase of 40 tons from the previous year. Taiwan, which has been an avi…
Market turns for custom copper concentrates
The non-communist world’s sub-market for custom copper concentrates has developed pronounced “boom-bust” cycles of 3-4 years duration since the oil crisis of 1973, writes Metals & Minerals Research Se…
NovaGold financing (January 02, 1989)
Following the successful completion of a financing, NovaGold Resources (TSE) plans to begin construction at its Murray Brook project on March 1, 1989, President Gerald McConnell says. The final part o…
Editor’s Note A WELL-KEPT SECRET
People who trumpet their achievements loudly and long tend to get a might tedious after a while. Industries commit the same petty crime sometimes. In mining, fortunately, we have modest, self-effacing…
Augmitto court case
A statement of defence and a $100-million counterclaim have been filed against Augmitto Explorations (TSE) by Q. C. Explorations (VSE), Gledhill Consultants, Thomas Gledhill and Donald Humby. Augmitt…
Tarzan completes phase I drilling on Joburke property
The first phase of diamond drilling has been completed on the Joburke gold property held by Tarzan Gold (ASE) under option from Noranda Inc. (TSE). Located near Timmins, Ont., the Joburke was a former…
1988 was a year filled with achievement for Cassiar Mining
It’s been a year of considerable achievement for Jim O’Rourke and Cassiar Mining (TSE) whose diversification out of asbestos into copper couldn’t have been timed better. The company finalized the purc…