News


Hudson Bay mining Chisel Lake crown

Zinc ore production from the crown pillar at the Chisel Lake mine in Snow Lake, Man., has hit its scheduled pace. Owner and operator Hudson Bay Mining & Smelting (TSE) reached planned production rates…


Metal Prices PRODUCER PRICES (March 20, 1989)

ALUMINUM: MW U.S. Market 97 cents – $1.00(US) per lb. (Feb 16, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.40-$6.60(US) per lb (Feb 16, 1989)….


Gold funds as of March 7

BGR Goldcorp Central MVP Capital Net value $11.99 8.83 6.44 0.80 Price $9.75 5.875 5.62 0.62 Discount $ 18.68% 33.5% 12.7% 22….


Photo by George Onuska (March 13, 1989)

Maurice Brown, right, publisher emeritus of The Northern Miner, was presented with a distinguished service award by the Prospectors and Developers Association of Canada at the association’s annual ban…


Cominco/Redfern reserves

Inferred reserves at the Tulsequah Chief project in northwestern British Columbia have been calculated at 1,602,000 tons of 2.39% copper, 1.09% lead, 5.45% zinc, 0.078 oz gold and 2.58 oz silver by Co…


FINANCING (March 13, 1989)

Hisway Res Corp — gross proceeds rec $270,000. Sheba Copper Mines — gross proceeds rec $316,867.08 Premier Gold Res Inc. — min 500,000 offered @ 45 cents per sh. Golden Grail Res — 650,000 offere…


Obituary Charles McLachlan

Charles Gordon McLachlan, the 1956 recipient of the International Nickel Medal for distinguished service to the Canadian mining industry, has died. Born in Vancouver, B.C. in 1896, “Mac” served as a d…


Tin conference (March 13, 1989)

Metal Bulletin is organizing a tin conference from June 25-27, at the Golden Sands Hotel in Penang, Malaysia. For more information contact, Diana Little, Metal Bulletin Conferences Ltd., Park House, P…


Placer Dome in sulphur

Placer Dome Inc. (TSE) has entered into a joint venture agreement with two Australian mining companies, Gold and Mineral Exploration N.L. and Laverton Gold N.L., to explore their Mustang Draw sulphur …



Correction (March 13, 1989)

The tonnage range given for the sulphide lenses on the Cominco/ Redfern Tulsequah Chief project was misstated (N.M., Mar 6/89). In fact, the sulphide lenses ranged from 50,000 to 400,000 tons.


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