Esso earmarks funds for Shasta claims
A $625,000 exploration budget has been earmarked by Esso Minerals Canada for the Sha gold-silver prospect of International Shasta Resources located in the Toodoggone area of British Columbia. The prog…
Articles by Northern Miner Staff
Messeguay Mines pulls another good section
A 50-ft-long section grading 0.12 oz gold per ton was intersected on the Launay/Privat property located about 30 miles northeast of Rouyn- Noranda, Que., Messeguay Mines reports. The section was part …
Swayze Res. stakes additional claims
Twelve additional claims have been staked by Swayze Resources in Butt Twp., near Burks Falls, Ont. The company, which is hoping to mine graphite from the property, originally staked five claims in the…
United Gunn results
United Gunn Resources says that its share of earnings realized by Cuisson Lake Mines was $950,000 in 1987. Cuisson Lake, in which Gunn holds 30%, has a property which covers a part of the Granite Lake…
Kasner companies study large deposit in Saskatchewan
Two Kasner Group companies, TSE-listed Lenora Explorations and VSE-listed Mary Ellen Resources, will put the finishing touches on a mine feasibility study late this month. The study is expected to sho…
Kam-Kotia Mines adding sodium sulphate division
The sodium sulphate division of Saskatchewan Minerals, which is owned and operated by the Saskatchewan government, is being sold to Kam-Kotia Mines of Toronto for $12.5 million. The purchase transform…
Denison’s new captain keeps to father’s course
After 35 years at the helm of Toronto-based Denison Mines, Stephen B. Roman died recently leaving his huge energy-resource empire in the hands of his daughter, Helen Roman-Barber, an unproven quantity…
Editorial The pressure of prosperity
Labor negotiations at Inco’s Sudbury operations will be closely watched this year. Quid pro quo may well be the union’s rallying cry. The workers helped out the company when times were tough, they mig…
Equity and CSA reschedule meeting
Combatants Equity Preservation Corp. and CSA Management Ltd. have agreed to reschedule the annual meeting of Equity from March 30 to April 13. The adjournment provides both parties with time to discus…
Nickel price at record levels
Tight supplies continue to keep the price of nickel high, although some weakening in the spot price was experienced recently after the base metal set a record $10.84(US) per lb on the London Metal Exc…
Metal Prices FUTURES PRICES (April 04, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 108.00 103.00 104.25 + 0.85 Apr 104.00 …
Montreal Exchange (April 04, 1988)
Placer Dome division A major news item that Placer Dome wishes to create a Quebec mining division helped to brighten a trading week which saw both the market portfolio and mining and minerals index tu…