Ex-directors of Seabright sued
The Australian mining company which earlier this year took over east-coast gold producer Seabright Resources is suing the former directors of the Canadian company for $60 million(C). Western Mining, t…
News
Sulphurets has potential to rial anything in B.C.
Exploration and mine development in northern British Columbia is risky business — even when you know what you’re doing. So joint venture partners Newhawk Gold Mines (TSE) and Granduc Mines (TSE) have…
Timmins Report ERG set to produce gold from tailings
It’s full-speed-ahead for the $75-million tailings recovery project of ERG Resources Inc. (TSE), says the project’s Timmins-area manager. Chris Harvey says ERG has reached an agreement with Giant Reso…
Placer mining is still important
The oldest means of mining gold is placer mining, recovering the gold particles — some of which can be spectacularly rich — along river beds by panning or washing. Placer mining accounts for a small…
Aber/Hemisphere potential expands on Sunrise project
Drilling on the Sunrise project is continuing to add to the reserve base, say Aber Resources (VSE) and Hemisphere Development Corp. (VSE), 50/50 joint venture partners in the polymetallic project loca…
Toronto Stock Exchange (August 08, 1988)
The lazy, hazy days of summer did little to inspire fervor for the market again this week in Toronto. Trading volume, at 396.6 million shares for the month of July, was the lowest level since December…
Montreal Exchange Trading volumes off
Whether or not the hot weather of late has made investors sluggish remains to be proved, but the stock market could use an injection of something to get it moving. In Montreal this past week, light tr…
Trust fund sought for royalties owed Larch and McKinnon
Net smelter royalties owed to prospectors John Larche and Donald McKinnon from claims staked at the Hemlo gold camp in northern Ontario have not been paid since legal action was started by Scintilore …
Letters to the Editor (August 08, 1988)
As a McNellen shareholder, I am a little disappointed at the skepticism you imply as to the latest estimates of McNellen’s ore reserves (now eight million tons of 0.25 oz gold per ton) and thought to …
Editorial An election plank
It’s not often, in Canada, that political leaders even mention mining let alone consider the industry, one which might contribute a plank to their election platform. Not so in the U.S. At a recent con…
Tantalum-Niobium
A Florida setting has been chosen for the International Symposium on Tantalum and Niobium to take place Nov 7-9 at Orlando. The emphasis at this year’s meeting will be on marketing, production, proces…
Hope Brook reports output of 18,629 oz
Gold production of 18,629 oz was reported by Hope Brook Gold (TSE) for the first six months of 1988 from its Newfoundland mining operation. Production at the site was suspended for the winter and did …