Cross-Cuts NICKEL URANIUM
At a grade of 2.4%, Cameco’s Key Lake operation is a rich uranium mine. It also has — and this is not well known — a rich nickel deposit. The nickel grade has been officially listed at 2.3% for the …
News
Editorial Don’t forget gold
When it comes to gold, the market is used to sudden, dramatic price swings. That’s part of gold’s appeal — the opportunity to make large sums of money over a short period of time. All one has to do i…
American Reserve closes Paymaster deal with Placer
American Reserve Mining (VSE) has finalized its agreement with Placer Dome (TSE) involving the sale of a 60% interest in the Paymaster gold property at Timmins, Ont. American Reserve President Carl Zu…
Aur takes on U.S. sulphide deposit owned by Savanna
Shortly after announcing its Val d’Or, Que., massive sulphide find, Toronto-based Aur Resources (TSE) has agreed to get involved in another polymetallic project. Under an agreement with Savanna Resour…
Specs HYDRAULIC BREAKERS
Boom-mounted impact rock-breakers mounted on mine carBriers are increasingly necessary in underground operations. These units break oversize rocks in stopes and at drawpoints in place of the time- con…
Golden Knight reports Casa Berardi production
Gold output at Golden Knight Resources (TSE) 40%-owned Casa Berardi East project in northwestern Quebec averaged just under 4,400 oz per month for the first five months of 1989, Brian Keevil, presiden…
BRENDA
A letter writer to The Northern AMiner newspaper back in late A1969 was puzzled as to how the fledgling Brenda Mines operation would ever make money. Brenda would produce fewer than 4 lb of copper fr…
Timmins Nickel share offering seeks $6 million for Redstone
A $6-million share offering is being planned by Timmins Nickel, a private company which owns a 51% interest in the Redstone nickel mine near Timmins, Ont. The bulk of the proceeds, if the maximum amou…
Greenstone busy at Millie Mack
Toronto-based Greenstone Resources (TSE) has started a $1.3- million exploration program on its Millie Mack gold-silver property in British Columbia. The 3,200-acre Millie Mack property is 18 miles ea…
Spot prices at a glance (July 03, 1989)
Wednesday, June 28 Week’s Price (US) Change Gold* $373.75 +$ 8.05 Silver* $ 5.30 +$ 0.06 Platinum* $505.10 +$ 9.50 Nickel** $ 5.42…
COATS (over-the-counter) McNickel up a dime
A heavy trading volume of more than 275,000 shares in Atlantic Goldfields left that issue virtually unchanged at 72 cents . The company is cash rich following a deal with Jascan Resources. Still await…
Grades improve 25% at Mishi gold project
The latest reserve calculations for the Mishi gold project in Ontario reveal an approximate 25% grade enhancement in both potential open pit and underground Main zone deposits. Joint venture partners …