News


Minefinders building Dubuisson East tonnage

Drill-indicated reserves at the Dubuisson East property near Val d’Or, Que., are approaching 500,000 tons at an average grade of 0.17 oz gold per ton, Minefinders Corp. (VSE) reports. The deposit rema…


Forbex-Cambior deal

Close to earning a 50% interest in the Stadacona-East property near Rouyn-Noranda, Que., from Forbex Inc., (ME) is Cambior Inc. (TSE). Under an agreement signed in June, 1987, Cambior earned the right…



Montreal Exchange: Newest Cambior mine

A second production decision in 1988 has been announced by Cambior Inc., this time involving the Pascalis gold project located 15 miles east of Val d’Or, Que. Full production, 35,000 oz gold per year,…


Bull market for copper, no sign of slowing

The bull market in copper doesn’t seem to want to go away. The base metal, which was selling above $1.40(US) per lb at the end of 1987 and has been selling in the $1 range for a good part of this year…


Updated Reserve Report In Progress for Ketza River

A detailed reserve report update is being compiled by consultants Derry, Michener, Booth & Wahl for the Ketza River gold project in the Yukon Territory. Project operator Canamax Resources (TSE) expect…


Pamorex earnings

Pamorex Minerals (TSE) realized a profit for the second quarter ended Sept 30, of $731,000 or 5 per share. This compares with a loss of $294,000 or 1 per share in the same period last year. The profi…


Bull market for copper shows no sign of slowing

The bull market in copper doesn’t seem to want to go away. The base metal, which was selling above $1.40(US) per lb at the end of 1987 and has been selling in the $1 range for a good part of this year…


Letters to the Editor CANMET, NSERC studies at UBC

We would like to express our thanks for the timely article under “Environmental Politics” on the editorial page of the Sept 12 issue, referring to CANMET’s activities in this important area. Although …


Nuinsco, Echo Bay say Cameron Lake won’t go

After nine years of exploration, the Cameron Lake gold deposit owned by Nuinsco Resources (TSE) has been deemed uneconomic. The conclusion is part of a feasibility study completed by Wright Engineers,…


Minorco drops takeover bid for Cons Gold Fields

A $6.1 billion hostile bid for Consolidated Gold Fields PLC has been dropped by Minorco SA following the British government’s decision to investigate the deal’s effect on the strategic metals markets….


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