Diamond drillers face the 1990s with uncertainty
There’s good news and bad news as Canada’s diamond drillers face the 1990s. The good news is that there’s a level of prosperity in the industry that hasn’t been enjoyed for at least a decade, the res…
News
Squeezed out of $150-m project Witte looks for `another Colomac’
Margaret (Peggy) Witte could be forgiven for feeling a twinge of bitterness if and when the first gold is poured from the Colomac gold project next year. After all, the 35-year-old metallurgist was …
Cogema drills gold in Burntbush area
Drilling by Cogema Canada, a wholly-owned affiliate of Cogema, the French nuclear fuels company, has encountered gold values on a 312-claim property in the Burntbush River area of Ontario. An extensio…
Slowdown could cut CDDA’s revenue
A slowdown in Canada’s mineral exploration activity this year could cut into the Canadian Diamond Drillers Association’s revenue. Speaking at the association’s 1989 annual meeting here recently, incom…
Laser verifies deviation just 0.01% in 450-ft-deep hole, 8.5
An indication of the advances being made in diamond drilling is the remarkable success of a 450-ft- long vertical pilot hole recently drilled at Inco’s Crean Hill mine in Sudbury. The hole broke throu…
Cons. Professor moves cautiously at Duport
The first in a series of environmental permit applications for the Duport gold project has been submitted by Consolidated Professor Mines (TSE) to Ontario’s environment ministry. Professor’s Duport go…
Metal Prices (May 22, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 16 May 15 May 12 May 11 May 10 Copper 1622…
IOCC GOLD OPTIONS (May 22, 1989)
Options Open Series Volume Last Interest Aug 370 C 61 5.20 309 Aug 390 C 264 6.50 1,091 Aug 400 C 661 4.10 2,595 Aug 420 C 345 1.50 1,6…
Photo (May 22, 1989)
Canadian Diamond Drillers Association President Dick Kemshall, left, present s the George Lemay safety award for Class A companies, surface drilling, to Wallace Bradley of Bradley Bros. Limited of Rou…
FMC first in North America in return on investment
Ranked first among major North American gold producers in return on investment, FMC Gold Company also had one of the lowest cash costs of any gold company in the world last year. Addressing the compan…
Drillers’ association helping industry since inaugural meeting in
While the Canadian Diamond Drilling Association (CDDA) has been in existence for more than half a century, diamond drilling has been an on-going concern for more than 125 years. The first machine was …
Continental drilling program develops leading technology
In the Canadian mining industry, diamond drill holes more than 1,000 ft are considered deep, but compared to holes being drilled for scientific information elsewhere in the world, that’s barely scratc…