Regulatory delays stall McNickel’s work plans
Regulatory delays are causing headaches for McNickel Inc. (COATS) which had hoped to start a major drill program last month on its Lac St. Jean copper-nickel prospect, 15 150 miles northwest of Quebec…
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Oneida exploring its Mishibishu properties
Oneida Resources (VSE) is exploring its Maple Lake property in the Mishibishu Lake area west of Wawa, Ont. Work is focusing on the Pete vein, which was discovered by Oneida last year. This work includ…
Shamrock building mobile bioleach plant
As part of a program to demonstrate the commercial viability of bioleaching refractory ores, Shamrock Resources (VSE) is building a mobile bioleach demonstration plant that will be made available to o…
Chesbar gets land in Lac St. Jean
Chesbar Resources (TSE) has entered the Lac St. Jean base metals play in Quebec. The company has a deal with a private company giving it the right to buy a 100% interest in 377 claims in the area. The…
Letters to the Editor Praise for Wally Bruce, finder of Dona Lake
After reading the article on the Dona Lake gold mine (N.M., June 26/89), I realized that the only credit given to the retired vice-president exploration for Dome Mines, Mr. G. S. W. (Wally) Bruce, was…
Uruguay bet yields strong gold values
High grade gold values have been reported from grab samples on a property in southern Uruguay owned by Big Pony Gold (OTC) of Salt Lake City, Utah. Reconnaissance rock samples from the North Palacio a…
Spot prices at a glance (July 10, 1989)
Week’s Price (US) Change Gold*$378.40 $ 4.65 Silver*$ 5.26–$ 0.04 Platinum*$508.10+$ 3.00 Nickel**$ 5.53+$ 0.11 Lead**$ 0.30 $ 0.00 Copper$ 1.11–$ 0.04 Zinc$ 0.76—- Courtesy of Scotiabank. I…
Explorationists give porphyry deposits another look
The recent discovery of the Mt. Milligan porphyry copper-gold deposit north of Fort St. James, B.C., has provided explorationists in the Cordillera with an important new target. But for those in the i…
Inco debenture
Inco Ltd. (TSE) will issue $150 million(US) of 9.875% sinking fund debentures due 2019 in the United States domestic bond market. The debentures will not be offered in Canada. Inco says it will use th…
B.C. mine rescuers strut their stuff
Mine rescue and first aid teams in British Columbia were put through their paces at the recent provincial mine rescue competition in Prince George. Winner of the open pit rescue competition was the Af…
Book review Mineralization and Shear Zones
Mineralization and Shear Zones edited by J. T. Bursnall and published by the Geological Association of Canada. 300 pages, ISBN 0-919216-0. Order from GAC Publications, Department of Earth Sciences, Me…
Gold funds as of July 4
MPV BGR Central Capital Net value $11.75 $ 6.14 $0.57 Price $ 9.625 $ 5.38 $0.40 Discount $18.09% 12.5% 29.8% Value 69,984,711 $103,402,155 …