Shebandowan mine producing again
Solid strength in base metal prices has prompted Inco Ltd. (TSE) to quietly reopen its Shebandowan nickel-copper mine west of Thunder Bay, Ont. Last winter Inco let a contract for mining and milling a…
News
Vista Mines faces management change
A change in management will take place at Vista Mines (TSE) shortly. The company, along with its major shareholders, feels that full time professional management is required to properly direct Vista’s…
Umex studying Thierry deposit
Although Umex Inc. has been seriously looking at the feasibility of reopening its shutdown copper- nickel mine at Pickle Lake, Ont., the company says no production decision has yet been made. Frederic…
Normetal, La Sarre perform drilling
Results of a drilling program intended to test the continuity of mineralization in the proximity of stope 308 near the old Normetal mine workings, and to outline a small tonnage in the east surface pi…
FINANCING (April 17, 1989)
ONTARIO Grand Oakes Res — final rec iss offer 1,695,000 @ $1 per sh to net $950,895. VANCOUVER Champion Orient — 550,000 sold for gross $247,500. Kookaburra Gold Corp. — min 500,000 offered @ 45 ce…
Westmin/Nexus busy at Yellow Band
An underground sampling program at the Yellow property of Westmin Resources (TSE) and Nexus Resource Corp. (TSE) on Vancouver Island has generated some encouraging results. Westmin has been operator f…
COATS Trading Features (April 17, 1989)
The first week of trading in shares of McNickel Inc. saw that issue find a base of support at the $3.25 level, after reaching an earlier high of $4.50. McNickel is currently raising funds to explore a…
Acadia, Hecla revise Mooseland exploration
An exploration program on Acadia Mineral Ventures’ (TSE) Mooseland gold property will focus on near-surface targets. Project operator Hecla Mining Company of Canada says the change in exploration focu…
Westmin, Tanqueray and Estaurum drilling on Little Stull property
Partners Westmin Resources (TSE), Tanqueray Resources (VSE) and Estaurum Mines (ASE) say that drilling on their Little Stull gold property in Manitoba is establishing continuity in the three western s…
Inco stepping up pace of Snow Lake drilling
Inco Gold, an affiliate of Inco Ltd. (TSE), has stepped up its drilling activity at the Snow Lake gold mine project in Manitoba. The company has added another rig, bringing to four the number of drill…
Metal Prices (April 17, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 11 Apr 10 Apr 7 Apr 6 Apr 5 Copper 19…
Editorial Blame it on flow through
There’s a new excuse for mining projects that don’t turn out the way a feasibility study said they would. Like most good excuses, this one can be used by just about anybody for just about any project….