Golden Terrace resumes drilling
Drilling with two machines is being resumed on the Richardson Lake gold discovery of Golden Terrace Resources, Garry K. Smith, the company’s geologist and newly appointed president, tells The Northern…
News
Murgold, Chesbar complete decline
A decline ramp has been completed by Murgold Resources and Chesbar Resources on their joint ventured Chester Twp., Ont., gold property. The 3,100-ft-long ramp was completed to a depth of 400 ft. Under…
Queenston’s Northfield deal overshadows 6-month results
While a new-look Queenston Gold Mines has reported increased income from custom milling and gold royalties at its Kirkland Lake, Ont., properties, revenues dropped considerably during the first half o…
Metal Prices FREE MARKET London Metal Exchange (November 02, 1987)
Spot closing prices in Pound Sterling per tonne Date Oct. 27 Oct. 26 Oct. 23 Oct. 22 Oct. 21 Copper 1192-1194 1175-1178 1215-1220 1169-1170 1175-1177 Lead 353-354 350-35…
Cambior projects output of 200,000 oz gold in ’88
Gold production of 200,000 oz in 1988 is projected by Cambior Inc., which recently gained control of Sullivan Mines. Quebec-based Cambior, which was formed about 15 months ago, increased its ownership…
Correction (November 02, 1987)
Contrary to a statement in the Oct 12 issue of The Northern Miner, George Nemcsok is the Chief Geologist for Lac Minerals’ Macassa Division. He has held that position since 1979.
Alaska Apollo retains Kilborn on Alaska bet
Alaska Apollo Gold Mines reports it has retained Kilborn Engineering to review exploration results and ore reserve calculations at its Shumagin property on Unga Island, Alaska. John Bogert, president …
Robust commodity prices reflected in Inco results
The strongest nickel and copper markets in five years are being reflected in the bottom line at Inco Ltd. The world’s largest producer of nickel reports third-quarter earnings of $41.4 million compare…
Newfields to probe zone via Lac’s Lakeshore mine
Vancouver-based Newfields Minerals has reached an agreement with Lac Minerals which, Newfields hopes, will allow it to expand reserves at its Kirkland Basin gold prospect in Kirkland Lake, Ont. During…
Editorial Conference on computers is a good move
The Canadian Advisory Committee on Mining Automation, under chairman Jacques Nantel of Noranda, last week in Sudbury approved plans for the Third Canadian Symposium on Mining Automation. It will be he…
Editorial IRA’s shadow over gold
The Irish Republican Army casts a long shadow — even over a possible new Irish gold mine. A Dublin-based company, Ennex International (in which Toronto’s Northgate Exploration has a 15% direct and …
Deal gives Echo Bay 50.1% of Nuinsco
Shareholders of Nuinsco Resources have approved an agreement with Echo Bay Mines to proceed with the second stage of underground exploration on Nuinsco’s Cameron Lake property near Kenora in northwest…