Alberta Stock Exchange Big traders lose out
A number of Alberta gold issues suffered as the price of gold dipped from $441 to $434(US) per oz in response to a reduced outlook for inflation. One of the biggest casualties was the International Ba…
News
Mine rescue awards reflect safety record of mining in B.C.
A mine rescue team from Cominco’s Sullivan mine at Kimberley, B.C., won top spot in the underground mining category in a recent province-wide mine rescue competition. A total of nine B.C. mines took p…
Toronto Stock Exchange Booming U.S. buck sends gold south
Renewed confidence in the U.S. dollar ravaged gold prices which crashed almost $15 to $443.55(US) on the second London fix. The result was a sell-off of most gold equities which pushed the gold and si…
COATS Trading Features (July 04, 1988)
South American Goldfields was busy at 95 cents on news that Denison Mines plans to form a joint venture with the company to explore four concessions in Guyana for gold. Denison can earn a 60% interest…
Cassiar purchases Newmont subsidiary
Cassiar Mining (TSE) has acquired Similco Mines, a wholly-owned subsidiary of Newmont Mines, and its principal asset in Canada, the Similkameen copper operation near Princeton, B.C. The $10-million pu…
Development award goes to Gordon at N.B. symposium
Morton Gordon, chairman of Gordex Minerals, has been named 1987 “Developer of the Year” by the New Brunswick Prospectors and Developers Association, and received a presentation at a recent gold sympos…
Test mill gets green light at Murgold/Chesbar prospect
Murgold Resources (TSE) President Charles McAlpine had some good news for shareholders at the company’s recent annual meeting in Toronto. He said Murgold and partner Chesbar Resources (ME) have electe…
Geddes’ Windy Craggy geometry more difficult than expected
Discerning the geometry of Geddes Resources’ (TSE) Windy Craggy deposit has been more difficult than anticipated — even from underground mine workings. The company has been drilling fan holes to stra…
Bitech, Greenstone see `89 production at Tache
Bitech Energy Resources (ASE) is targeting late 1989 as a production start-up date for the company’s Tache Lake polymetallic deposit in northern Quebec. Shared equally with Greenstone Resources, (TSE)…
Vista drill results
A 5-hole drill program has been completed by Vista Mines (TSE) on the company’s Bootleg property near Creighton, Sask. The drill program tested the Rio deposit below a depth of 500 ft. Hole 130 cut a …
Letters DEBATING THE DISCOVERIES
The following brief look at recent history is prompted by the article, “Debunking a Myth,” by Donald Cranstone which appeared in the January issue of The Northern Miner Magazine. Cranstone’s article s…
FALCO’S INIMITABLE CHIEF
In an article published in The Northern Miner in late November, 1985, Falconbridge Ltd.’s Chairman Bill James reported that finally, following several rocky years, the company’s balance sheet was soun…