Dia Met buys diamond processor from LAC
Dia Met Minerals (VSE) of Kelowna, B.C., has reached an agreement in principal to purchase the diamond exploration program of LAC Minerals (TSE). Included in the package is a diamond processing plant …
News
NDU quiet despite results from Marg metals project
Partners NDU Resources (VSE) and Cameco (Canadian Mining and Energy Corp.) continue to explore a massive sulphide discovery near Mayo, Y.T., which has yet to attract some market interest. NDU holds a …
Open pit mining course offered by Queens
A 3-week course on open pit mine design and operation will be held at Queen’s University in Kingston, Ont., Oct 30 to Nov 17, 1989. The course is divided into four sessions: mine feasibility and desig…
Black Swan ends first drill phase at Tas bet
Vancouver-based Black Swan Gold Mines (VSE) has completed phase one of an exploration program designed to test for continuity of gold/copper mineralization in four high grade sulphide zones at the Tas…
Metal Prices (August 28, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 22 Aug 21 Aug 18 Aug 17 Aug 16 Copper 1799-1…
Copper Range purchase boosts Metall’s profit
The Copper Range mining and smelting operation at White Pine, Mich., has helped to boost second- quarter earnings for owner Metall Mining Corp (TSE). Acquisition-oriented Metall purchased all the outs…
Tailings treatment project has yet to reach output target
Daily gold production remains short of design target but the tailings treatment project of ERG Resources (TSE) at Timmins, Ont., has reached the stage where revenues approximate operating costs, the c…
Trenching at Soocana bet yields high gold results
Shares of Soocana Explorations (ASE) have been making some significant gains in recent weeks even though the Toronto company hasn’t announced any news that would justify the price increase. In the spa…
Noranda drilling Glimmer property (August 28, 1989)
Glimmer Resources (VSE) reports that drilling is currently under way on its Hislop Twp. gold claims under option to Noranda Exploration east of Timmins, Ont. The drilling is designed to provide a geol…
Crown Resources gains ground at Buckhorn
Denver-based Crown Resources (VSE) has made several recent property acquisitions near its Buckhorn Mountain project and Strawberry Lake property, four miles west of Buckhorn, in Okanogan Cty., Wash. W…
Geddes raising $10 million for Windy Craggy copper bet
In a bid to have a pre-feasibility study on the table by freeze-up, Toronto-based Geddes Resources (TSE) is planning a $10-million rights offering to fund exploration at the Windy Craggy copper proper…
HSK plans to earn 50% in Strike bet
Toronto-based HSK Minerals (TSE) has signed a letter of intent to earn a 50% stake in Strike Minerals’ (COATS) Baden Twp. gold property near Matachewan, Ont. Located about 16 km north of Matachewan, t…