Core Shack ANOTHER LA RONGE PRODUCER
Located 75 miles north of La Ronge, Sask., the Rod gold deposit hosts proven and probable ore reserves of 626,928 tons grading 0.386 oz gold per ton in a quartz vein within a shear zone. The deposit, …
News
CORONA’S NEVADA GOLD A clean heap leacher comes on-stream
The state of Nevada is widely Tknown as a gaming mecca. It’s Talso a magnet for gamblers of another sort — gold explorationists. For example, since 1979, at least 30 heap leach gold mines have been p…
THE PRESSURE IS ON
More money is being spent on rock mechanics research than ever before. The Mining Research Directorate in Ontario estimates there is $100 million being spent in Canada this year and about $20 million…
FUTURES PRICES Metal Prices (November 28, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 149.00 149.00 148.80 + 11.90 Dec 143.50 131.30 142.80 + 12.90 Mar 123.50 114.30 122.8…
Editorial Now the work begins
Canada’s thirty-fourth general election was a hard fought one, but the high energy level of the past seven weeks shouldn’t conceal the fact that the hard work of maintaining our prosperity and our way…
Echo Bay sells Nuinsco stake
Echo Bay Mines (TSE) has agreed to sell its controlling 53.8% interest in Nuinsco Resources (TSE) for $6.7 million or 87 per share. The sale to Deak International Resources follows the completion of …
Battle Mountain profit reflects higher sales
Anticipating sales of 305,000 oz in 1988, Battle Mountain Gold (TSE) is proving to be one of the more profitable gold producers in North America. Third quarter net income jumped 26% to $15.3 million a…
Montreal Exchange Messeguay/ Corona deal
When a senior takes an interest in a junior, watch out] Toronto-based Corona Corp. has announced it has reached an option agreement with Messeguay Mines whereby it may earn up to a 70% interest in a p…
Garimpeiros busy in Brazil’s Amazon
Brazilian gold prospectors or garimpeiros, (pronounced garim- pay-roos) are responsible for about 80% of that country’s gold output, a recent report says. The independent pick and shovel diggers, know…
Newly launched Bema Gold plans heap leach production in `89
Before the October, 1987, market crash, many junior companies were motivated for a variety of reasons to create and launch subsidiary or associated companies. Under present conditions, however, this t…
Granges gold output higher but quarterly loss reported
Despite higher gold output and revenues, Granges Exploration (TSE) posted a $1.2 million or 5 per share loss for the third quarter, compared to a profit of $822,721 or 5 for the same period a year a…
Metal Prices PRODUCER PRICES (November 28, 1988)
ALUMINUM: MW U.S. Market $1.07-$1.09 per lb. (Nov 17, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $5.90-$6.10 per lb. (Nov 17, 1988). CADMIUM: New York d…