City announces price of purchase warrants
Vancouver-based City Resources (VSE) said recently that a previously announced modification of the exercise price of the company’s common share purchase warrants became effective April 19. The exercis…
News
Innovations MONEY-SAVING ROAST
With 60 pieces of heavy mobile equipment and more than 200 pieces of plant machinery at Luscar Sterco’s Coal Valley mine, near Edson, Alta., preventive/ predictive maintenance is an obvious priority. …
Shaft sinking proceeding at Tundra deposit
Sinking of a 1,500-ft shaft on the Tundra gold deposit in the Northwest Territories is expected to be complete by the end of 1988 says a spokesman for Getty Resources (TSE). The shaft was collared ear…
Equity planning Yukon exploration
Moving aggressively to increase its exploration exposure away from its mining operation at Houston, B.C., Equity Silver Mines (tse) has approved a budget of $725,000 for its Ram precious metals proper…
Timmins to host 2-day symposium on heap leaching
A technical symposium on heap leaching of gold, with special emphasis on applications in Canada, will be held May 24-26 at the Senator Hotel in Timmins, Ont. Organized by the Resource Technology Centr…
Core Shack COURAGEOUS LAKE GOLD
The Tundra deposit, in the Courageous Lake area of the Northwest Territories, has undiluted possible reserves of 26.4 million tons grading 0.18 oz gold per ton and is owned by both the project operato…
Continuous mining
TUNNEL-BORER Following more than a year of discussions and planning, Falconbridge Ltd., Placer Dome and Boretec Inc. may be on the verge of launching a proposed $2-million venture to design and build …
Record Mint year
Sales of the Maple Leaf gold coin in 1987 totalled more than 1.4 million oz, or 40% of all gold mined in Canada last year, the Royal Canadian Mint reports. The Mint says the Maple Leaf coin, on a worl…
Kidd Creek fined for environment law violations
Kidd Creek Mines has been fined a total of $40,000 on 10 counts of violating the Environmental Protection Act. The fines were levied in Timmins Provincial Court on Monday, April 25. Provincial Court J…
Metal Snips (May 02, 1988)
The Canadian Maple Leaf gold coin outsold the American Eagle gold coin in 1987 and could do the same again in 1988. Sales of the Maple Leaf coin topped 1.4 million oz gold in 1987 to the Eagle’s 1.2 m…
Canadian United drilling results prove encouraging
Final results are in from a drill program on the east zone of Canadian United Minerals’ (vse) Fireweed property 32 miles northeast of Smithers, B.C. About 14,000 ft of drilling was recently completed …
Exploration drilling
Three new drills have been introduced into the underground diamond drilling market in the past year, according to a survey of the three major manufacturers with offices in Canada. JKS Boyles Internati…