New environmental controls for CCR
Two new facilities were opened officially at the CCR refinery of Noranda Minerals in the east end of Montreal recently. The copper refinery, founded in 1931 and undergoing a modernization program, has…
News
Citadel Gold stakes base metal anomaly near Rimouski, Que.
A release by the Geological Survey of Canada (GSC) of results from a heavy mineral geochemical survey near Rimouski, Que., has generated a small-scale staking rush with Citadel Gold Mines (TSE) emergi…
Vancouver Stock Exchange Rumors fuel Continental Gold surge
A slightly stronger gold price and a slightly weaker dollar encouraged some investors to peek out of the trenches at press time, but most brokers still maintain it will take a sustained gold price ove…
Goldpost to mine high grade ore
Actively exploring a couple of prospects east of Timmins, Ont., Goldpost Resources (TSE) reports it plans to mine about 10,000 tons of high grade ore from the Gibson West zone lying above the 250-ft l…
Editorial Don’t write off ’89 yet
Watch out — 1989 may not be quite the dismal year for mineral exploration many have been predicting. With gold prices in the dumper, investors shy of mining stocks since the ’87 market crash and fl…
Gold producers reap rewards of industrial mineral sales
Not placing all your eggs in one basket is advice more than a few mining companies, in particular those known best for their gold production, seem to have heeded. Subsidiaries of two of Canada’s large…
Blue Emerald options Lac St. Jean properties
A group of exploration properties totalling some 377 claims in the Lac St. Jean area of Quebec has been optioned by Vancouver-listed Blue Emerald Resources. Subject to regulatory approval, Blue Emeral…
Montreal Exchange Deposit stirs investors
Interest by investors in a massive sulphide find at Val d’Or, Que., continued throughout the week, with shares of both the principal players, Aur Resources and Societe Miniere Louvem (and Louvem’s maj…
Eastmaque output to hit 95,000 oz gold by 1991
Expanding gold production from operations in Canada and the U.S. will lead to annual output of 95,000 oz by 1991 for Eastmaque Gold Mines (TSE), The Northern Miner has learned from Lukas Lundin, presi…
Dolphin planning $4-million program for Cape Ray bet
A $4-million exploration budget has been drawn up for 1989 for the Cape Ray gold project of Dolphin Explorations (TSE), the program to include about 30,000 ft of surface drilling. Dolphin has spent ab…
Spot prices at a glance (June 26, 1989)
Week’s Price (US) Change Gold* $365.70 +$ 4.10 Silver* $ 5.24 +$ 0.01 Platinum* $495.60 +$11.85 Nickel** $ 5.24 -$ 0.23 Lead** $ 0.29 -$ 0.02 Copper $…
Dissenters face long battle on Raglan issue lawyer says
A group of New Quebec Raglan Mines (TSE) shareholders who opposed a recent bid by Falconbridge Ltd. (TSE) for the 26% stake in Raglan it didn’t already hold, may receive more for their shares than the…