Radisson gets good results at Duquesne
Radisson Mining Resources (ME) says it will take a large bulk sample from a former gold producer called the Duquesne property as the next step in a major underground program. Results from a 23,000-ft …
News
Central Crude’s Mishibishu find ignites interest
Important looking ore findings on the Eagle River gold property of Central Crude Ltd. (VSE) are igniting exploration interest in the Mishibishu area just 30 miles west of here. Until recently a relati…
Seabright Explorations plans bulk sample
A 10,000-20,000-tonne bulk sample is planned for the Touquoy zone at the Moose River gold project in Nova Scotia, Seabright Explorations (TSE) reports. The proposed sampling area has been stripped. A …
Louvem earnings (September 12, 1988)
A net loss of $409,000 (3 cents per share) was reported by Louvem Mines (TSE) for the first half of 1988, compared to a net gain of $527,000 (4 cents per share) for the same 6-month period in 1987. Lo…
Metals Market Spot prices at a glance
Week’s Price (US) Change Gold (per oz) $427.00 + $ 0.65 Silver (per oz) $ 6.51 + $ 0.05 Platinum (per oz) $526.00 $ — Copper (per lb) $ 1.07 $ — Lead (per lb) $ 0.28 …
New Pamour boss named
The Pamour group of companies has a new chief executive officer. An Australian, Adrian Fleming, will move over from his position as executive director exploration of parent firm Giant Resources to ass…
B.C.’s mining industry rankles at park decision
British Columbia’s mining industry reacted strongly to a new ban on resource development in Strathcona Park, the primary recommendation of a recent report by the Strathcona Park advisory committee. To…
Strike Affects Earnings at Gibraltar Mines
Higher copper prices and lower unit costs led to significantly improved first half results for Gibraltar Mines (TSE), a Placer Dome (TSE) subsidiary, which operates an open pit copper mine near Willia…
Duration/Locator
A $2-million debt owed by Duration Mines (TSE) and partner Locator Explorations (VSE) to mining contractor Redpath Ltd., has placed the ownership of the Theresa gold property in jeopardy. The companie…
News in Briefs
Spirit Lake Explorations (ME) has completed flow-through financing totalling $1.2 million with NIM Resources at a price of $3.93 per share, subject to shareholders approval. These funds will be spent …
MAS vows to delist Steep Rock shares
After being taken over by a subsidiary of Swiss calcium producer Pleuss-Staufer AG, Toronto-based Steep Rock Resources (TSE) is scheduled to be delisted. MAS Minerals recently purchased over 90% of St…
New Nova Scotia coal mine
Work should begin in January, at the latest, on a new dedicated underground thermal coal mine in Stellarton, N.S. The mine has been in the plans of Westray Coal Inc., 50%- owned by Giant Yellowknife M…