What’s New POLY CHAIN
Gates Canada may have a cure Gfor your belt maintenance Gheadaches. If you have a V- belt- or chain-drive motor (on a ventilation fan or a sump pump, for example) where the belt or chain doesn’t last …
News
Copper markets remain strong in first half despite falling prices
Analysts called for a fairly strong first half for copper and, despite a tumble to the $1.10-$1.20(US) per lb range, the base metal has not disappointed. To the first of June, copper in London average…
A NEW CONVEYOR
Numerous changes have been made to the E zone mine conveyor belt system after an underground fire in 1987 left one miner dead and cast grave doubts over the mine’s future. The blaze broke out April 1,…
ISLAND
Not long ago, the Island Copper mine on Vancouver Island had faced a 1992 deadline for closing. Fortunately, its lease on life has been extended to 1996 because of an imaginative new mining plan. The …
Bunker Hill reports loss
Bunker Hill Mining (VSE) reported a loss of $613,793(US) or 4 cents per share in the first quarter, compared to $705,591 or 6 cents a year earlier. The Bunker Hill mine at Kellogg, Idaho has been pro…
Citadel adds claims to Surlaga holdings
Toronto-based Citadel Gold Mines is expanding its land position near Wawa, Ont. where the company is attempting to bring its Surlaga gold mine property back into production. Citadel says it has agreed…
Golden Terrace turns attention to base metals
While he is not giving up on gold, President Garry Smith of Golden Terrace Resources (TSE) says he would like to see his company branch off into base metals and industrial minerals. The junior company…
Valdez Creek placer project going on hold
Operations at the Valdez Creek placer gold project in Alaska will be suspended temporarily in September and the project placed on a care and maintenance basis pending higher gold prices. The project, …
Maintenance AVOIDING CRISES
“History-and-analysis” is the term used for the recording and analytical study of interesting past events in a given maintenance program. It is an essential part of any effective maintenance operation…
Montreal Exchange Interest remains high
Trading activity was busy again this week in companies with interests in properties in the Val d’Or, Que., area near the recent Louvicourt Twp. copper-zinc discovery. The find by Aur Resources and Soc…
On western extensio New discovery at Mishibishu
A new gold discovery of much more than passing interest has just been made by the Hemlo Gold Mines (TSE) and Noranda Exploration team on a large optioned property at the western extremity of the 23-mi…
Hardrock and partners face financing hurdles
Affiliated companies Hardrock Extension (TSE), Geraldton Longlac Gold (COATS) and Ferau Resources (COATS) face a difficult task ahead as they try to raise funds for additional exploration work on thei…