Impressive assays SNIP looks good underground
Impressive assay results have been reported by Cominco Ltd. (TSE) and Delaware Resources (VSE) from underground exploration and development in the Twin zone at their SNIP project northwest of Stewart,…
News
Cobalt silver gave birth to Ontario’s mining industry
In 1988, the town of Cobalt, Ont., celebrates its 85th anniversary — 85 years of uninterrupted silver production, yielding half a billion ounces. Agnico-Eagle’s emergence as the dominant force in the…
Books in Review Register of Australian Mining
REGISTER OF AUSTRALIAN MINING, 1988-89, edited by Ross Louthean. Published by Resource Information Unit, 100 Hay St, Subiaco, Western Australia, 6008. Price $195. Overseas (North and South America), $…
Agreement on coal research
The action committee on Western Canadian Low- Sulphur Coal has endorsed recommendations calling for government support for the development of technologies to enhance the competitiveness of western coa…
Prospector made discovery that created Noranda
In the early 1920s, prospector Edmund Horne discovered along the shores of Lake Osisko, in northwestern Quebec, one of the richest lodes of copper and gold in the world. Over the years, the deposit wa…
Rockford to get shares of Northern Ranger
Rockford Minerals (TSE) has agreed to buy a controlling block of 4.7 million shares of Northern Ranger Minerals (ASE) from Northfield Capital Corp. (COATS) in a share exchange agreement. Northern Rang…
Abermin Corp. reports loss
Abermin Corp. (TSE) reported a $355,000 net loss for the quarter ended March 31 compared to a $202,000 loss a year earlier. Working capital (cash and short term deposits) totalled $1.5 million at the …
Alberta Exchange: smaller is better?
It may be the least visible of the four Canadian exchanges, but for junior mining companies trading on the Alberta Stock Exchange, smaller can sometimes be better. Free from the red tape and bureaucra…
Cominco Resources reports high grade
Drilling at the Sheep Creek copper property of Cominco Resources International (TSE) and BHP-Utah International near Helena, Mont., has intersected high grade copper mineralization over a significant …
Hot spots are Flin Flon, Snow Lake
As indicated by the number of companies clustered around the Snow Lake area northwest of Lake Winnipeg, in Manitoba there is only one place to be. While government records show that eight other explor…
Amax lacks reserves but shares touted by London analysts
In a recent appraisal of Amax Gold (TSE), London, England- based Barclays de Zoete Wedd says the company suffers from one major problem — it is very short of reserves. While Amax’s Sleeper mine in Ne…
Ateba leads production comeback in Geraldton-Beardmore aream
Although there have as yet been no major new discoveries in the Geraldton-Beardmore area, there are a number of new developments taking place that hold promise of renewed gold production from that fam…