Editorial Coal and alfalfa
Land reclamation is always a sensitive topic for miners and environmentalists alike. In the past, the former saw little value in spending money to reclaim mined lands whereas the latter have tradition…
News
Bank of Nova Scotia index declines for fifth month
Falling precious and base metal prices contributed to a further decline in Scotiabank’s all-commodity price index in June. The index dropped 2.9% from May, the fifth consecutive monthly decline. Bank …
Canadian Giant to explore Terrex’s Newfoundland bet
Exploration is expected to get under way soon at a group of Newfoundland claims acquired recently by Terrex Resources (ASE) from Nippers Harbour Minerals Ltd. Situated about 10 km south of the Bitech …
Low gold prices forcing closure of MacLellan mine
After much success in reducing costs, improving efficiencies and increasing gold production, LynnGold Resources (TSE) fell victim to plummeting gold prices. After sustaining continued losses at its Ma…
Fairbanks drilling hits 1,130 ft of 0.043 oz gold
Recent drilling by Fairbanks Gold (VSE) at the Fort Knox property near Fairbanks, Alaska, has encountered broadly disseminated free gold extending from surface to a depth of more than 1,000 ft. Becaus…
Lenora to earn in at Eagle Lake bet
Having agreed to earn a 60% stake in Eagle Lake Explorations’ (ASE) Yukon base metal property, Greater Lenora Resources (ME) is to start a 3,000-ft drill program within two weeks. Under a recent agree…
Metal Prices PRODUCER PRICES (August 07, 1989)
ALUMINUM: MW U.S. Market US80.25 cents – 82.25 cents per lb. (July 27, 1989). ANTIMONY: New York dealer 95 cents -$1.00(US) per lb. (July 20, 1989). BISMUTH: New York dealer $5.50-$5.65(US) per lb. (J…
Wharf set for record output
After a $9-million capacity expansion last year, Wharf Resources’ (TSE) Annie Creek heap leach mine, a few miles south of this mining town, is on target to set a production record. Wharf is aiming at …
Inco Gold restructuring creates another company
Inco Ltd. (TSE) has made a few modifications to Inco Gold, the company’s wholly-owned gold mining and exploration arm. Inco Gold will manage Inco’s gold properties which are in production or near prod…
Safest mines in the U.S. honored
The safest mines in the United State were honored recently with the “Sentinels of Safety” award presented by the American Mining Congress and the Department of Labor. To qualify for the award a mine m…
Vancouver Stock Exchange Alaskan project boosts Fairbanks 50^
It may not be happening in any major way in Vancouver, but brokers here are heartened by the recent upswing in trading activity on the big boards back East. However, unlike several years ago when juni…
Corona drilling Varna’s Mings Bight
Corona Corp. (TSE) has started a diamond drilling program on Varna Gold’s (ASE) Mings Bight property in Newfoundland. Drilling is testing the Lightning zone which hosts three mineralized zones in a se…