Williams mine running on track ure by
The Williams mine here in Hemlo country, a joint venture between Corona Corp. (TSE) and Teck Corp. (TSE) now that LAC Minerals ( TSE) is out of the picture, is on target to produce approximately 500,0…
News
Bioleach testing planned at Placer Dome gold mine
Placer Dome Inc. (TSE) is about to examine the commercial potential of a bacteria-enhanced gold recovery system called bioleaching at its Campbe ll gold mine i n Red Lake, Ont. A deal has been signed …
Glimmer encouraged by drill results
Glimmer Resources (TSE) reports encouraging drill results from its gold proper ty in Beatty and Hislop twps. 42 miles east of Timmins, Ont. Two holes were drilled to test a portion of the Destor-Porcu…
Newhawk plans more drilling to test R-8 zone
With a 23,000- ft underground drill program nearing completion on the Sulphurets property north of Stewart, B.C., Newhawk Gold Mines (TSE) is planning to extend the decline (now completed to the 120…
Penzim’s Gulf International in Iskut
With Murray Pezim on board as a director, Gulf International Minerals (VSE) is planning a second-phase work program for its 100%-own ed McClymont Creek property in the Iskut River area of British Colu…
Asarco sells interest in asbestos partnership
A Canadian investor group has purchased the 33.33% interest held by Asarco Inc.’s (NYSE) LAQ affiliate in the LAB asbestos partner ship which operates the wor ld’s largest asbestos mine in Quebec. Th…
Wilanour work on schedule
A major underground and surface exploration program on the former-producing Co chenour Willans gold mine near Red Lake, Ont., is expected to be completed by Oc tober, partners Inco Gold, Wilanour Reso…
Bond Gold, Native deal enters second year
An agreement between Bond Gold and the Windigo Tribal Council concerning the Golden Patricia mine has entered its second year. As part of the deal the council will receive a $100,000 provincial grant….
Metals Page: Factors affecting the prices of metals
From time to time in the mining- refining business, I hear statements such as “the metal price ought to go up because my production costs have risen” or “I ne ed a better metal price.” These statement…
McNickel cuts low grade nickel
A series of assays from a drill program being completed by McNickel Inc (coats) has yielded lower than expected values in nickel and copper. Investors in the issue scurried to sell which resulted in M…
Shown Butte plans public financing
A $2.25-million public financing is being planned by Crown Butte Resources (VSE) to fund work on the company’s recently-acquired Black Hills proje ct in South Dakota. The planned financing will compri…
Canada’s ‘unforgiving’ arctic poses
“Mining in the Arctic presents many tough challenges. The environment is harsh and unforgiving, but mining people are a tenacious group and will succeed des pite these obstacles,” say M. 0000,0600 R…