News


Zinc refuses to be left behind

While attention has been focused on the price of copper of late, another base metal has been showing its strength. Zinc is on the move after a summer lull, the spot price of the metal recently hitting…


Aur buys property

Aur Resources (TSE) has acquired a base metals prospect from Abbey Exploration (TSE). The 12-claim property, known as the Lugold, is located near Val d’Or, Que. Aur purchased the 100% interest for $12…


Metal Prices (November 07, 1988)

FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Nov 1 Oct 31 Oct 28 Oct 27 Oct 26 Copper 1844-18…


Montreal Exchange Lull in the action

The wind seems to have gone out of the sails of the ME, with both the general market portfolio index and the mining and minerals index experiencing downturns. In the case of the latter, the index was …


PDAC seeks new members

A membership drive is under way by the Prospectors and Developers Association of Canada (PDAC). Established in 1932, the PDAC currently boasts an individual and corporate membership of more than 4,200…


Corona hunting for diamonds

Corona Corp. (TSE), better known for its gold production, is getting into the diamond game. Corona has acquired an option giving it the right to earn a 70% interest in a 35,000-acre property held by C…


New coal company

A reorganization and amalgamation of Manitoba and Saskatchewan Coal (1984) and Bienfait Coal has resulted in the formation of a new company, Estevan Coal Corp. Headquarters of the new company will be …


Obituary Colonel Kippen

Colonel Eric Douglas Bruce Kippen, O.B.E., died suddenly on Oct 22. He was 95. Colonel Kippen served in France in World War I, was commissioned in 1916, wounded and taken prisoner in the Battle of Cam…


Copper and potash sectors boost Rio Algom earnings

Toronto-based Rio Algom (TSE) is continuing to benefit financially from a favorable economy and the performance of 68.8%-owned copper producing subsidiary Lornex Mining Corp. (VSE). After reporting im…


Annual meeting

The program planned for the 1989 Society of Mining Engineers annual meeting and exhibit includes technical sessions, three special symposia, three short courses, several field trips and an expanded ex…


Bitech high grade

The first four drill holes completed on the Nugget Pond project, owned by Bitech Energy Resources (ASE), has returned strong gold values. Drilling on the new discovery in Newfoundland’s Betts Cove are…


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