Murdochville to resume production in 1989
Mining operations at the Murdochville copper mine will resume in the first quarter of 1989, Noranda Inc. (TSE) says. The mine, located at Murdochville, Que., was shutdown in April, 1987 after a fire d…
News
Newmont to explore Miramar’s Paymaster properties
A gold-silver project in Nevada encompassing several former producers will be explored by Newmont Exploration under the terms of a recent agreement with Miramar Energy Corp. (VSE). The agreement gives…
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 …
Mishi Lake get $2.8 million to expand
A budget of $2.8 million has been allocated for additional work on the Mishi Lake gold project of Granges Exploration (TSE) and MacMillan Gold (VSE) near Wawa, Ont. The upcoming work program is geared…
Letters to the Editor Mining issues in New Brunswick
The editorial “Mining a poor cousin in New Brunswick” (N.M., Dec 12/88) unjustly criticizes the level of funding provided by the New Brunswick Department of Natural Resources and Energy for exploratio…
Law A NECESSARY EVIL?
There appears to be a tendency for success in mine-finding to attract lawsuits. The lawsuits are advanced by lawyers on behalf of their clients, and sometimes it is the ingenuity of counsel that has e…
BREAKING NEW GROUND
Mining came into the 1980s fat with debt. Now, according to all indications, the industry is closing out the decade lean (in terms of debt-to-equity ratios) and tough (ready to take on the competition…
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…
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…
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…
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…
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…