Cross-Cuts WILL COPPER COME A CROPPER?
Energy, Mines and Resources Canada estimates that Canada’s copper production will begin to fall off sharply in about five years, unless a whopping new find is unearthed very soon. Writing in the Septe…
News
Freeport/Vananda report assays from Texada Island project
Significant gold, copper and silver mineralization was intersected in recent drilling on the Texada Island project near Vancouver, B.C., a joint venture involving Freeport McMoRan Gold (NYSE) and Vana…
Glimmer Resources
Glimmer Resources (VSE) and Master Gold did not sign a farm-in agreement before the Dec 12 deadline as intended. Glimmer is continuing negotiations and is actively seeking participation which will ens…
BREAKING NEW GROUND CARIBOU
The Australians who picked up the Caribou deposit two years ago for a song expect to be dancing about their good fortune by year-end. But the skeptical eyes of many a senior geologist in the industry …
People (January 02, 1989)
ATHENA GOLD — Kenneth H. Wright appointed a director and president. People CANADIAN UNITED MINERALS – Stanley R. Ford and Joseph A. Charland appointed to the board of directors succeeding Brian Eamor…
Sumac facing cash flow crunch
Faced with insufficient cash flow to meet current obligations, Sumac Ventures (VSE) recently presented its creditors with a proposal that would allow it to continue producing gold and silver for anoth…
International banks loan Cameco $650 million
Cameco — A Canadian Mining and Energy Corp., has arranged a $650-million loan with a consortium of 11 Canadian and foreign banks. The cash will be used to repay promissory notes issued at the time of…
Scintrex opens service centre in China
In 1988, Scintrex completed negotiations with the People’s Republic of China which resulted in the opening, on Oct 14, of a service centre for Scintrex instrumentation, in co-operation with the China …
CANMET’s goal to strengthen private sector
The Canadian Centre for Mineral and Energy Technology (CANMET) says that 1988 saw it embark on a plan to change the thrust and composition of many of its programs. The new plan focused on fostering cl…
Editorial Low, low interest rates
The following is taken from a recent presentation by Donald Worth, vice-president of the mining specialist group for the Canadian Imperial Bank of Commerce, at a seminar for brokers and market watcher…
Strong metal prices pull commodity index
A surge in metals prices helped Scotiabank’s all-commodity price index advance by 1.8% in November. Metals prices increased by 6.1% compared with October, while oil and gas, forest products and agricu…
BREAKING NEW GROUND ANSIL
A new mine is gearing up for production during the first quarter of this year in northwestern Quebec and — believe it or not — it is not a gold property. Rather, it is the massive sulphide Ansil co…