Timmins Report Matheson stops prosperity
Black River – Matheson Township council has been accused twice of behaving in a manner that prevents prosperity to the township, located 40 miles east of Timmins, near the burgeoning Harker-Holloway g…
News
Query Aldermac was Ascot
I’d like to know what happened to Aldermac Copper Corp. I understand it was bought by Ascot Metals Corp. in 1949. I’d like to know the name of the present company which took over Aldermac Copper. F. …
Noranda nearing 20% stake in Falconbridge
Not content with simply being Falconbridge Ltd.’s largest single shareholder, Noranda Inc. has increased its ownership of the nickel producer to 16.5% and will probably buy more. After failing once to…
Investment comment Galactic returns to broker’s good books
After its credibility was severely damaged by operating problems at the Summitville gold mine in Colorado, Galactic Resources (TSE) appears to be back in the good books of at least one British brokera…
Metal Prices FUTURES PRICES (August 29, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug 101.00 99.50 100.05 + 6.60 Sep 101.20 99.25 100….
Books (August 22, 1988)
The Gold Hunter’s Guide to Nova Scotia by Tony Bishop. Author discusses where to find gold in Nova Scotia, how to stake a claim, prospect and pan. Finer details include mining law, equipment needed, h…
Midas options Tisdale claims negotiates fire-sale deal
The troubled Tisdale joint venture is getting a new partner. Midas Minerals (TSE) has completed an agreement giving the company the right to earn a 60% interest at the fire-sale price of $2 million fr…
Nerco celebrates Con mine’s 50th
Nerco Minerals recently celebrated the 50th anniversary of its Con mine at Yellowknife. Mine officials and local residents marked the occasion at the Robertson headframe, the tallest structure in the …
Books in Review OGS publishes new book on gold
An 8-year study by the Ontario Geological Survey has culminated in publication of a new book about gold, titled Archean Lode Gold Deposits in Ontario. Underlining the importance of the book’s subject …
Books in Review Book on gold: how it’s found, how it’s mined
“One thing that has always saddened me is the apparent lack of knowledge that most people have about the actual process of finding a mine.” That lack of understanding as he saw it inspired John Gammon…
New assays from Dome Mtn. drilling
The comnies involved in the Dome Mountain gold-silver project east of Smithers, B.C., say they have obtained “very encouraging” gold and silver values from underground drilling over a 130-ft length of…
Costs at White mine approach break-even
Production costs at the Arthur White mine near Red Lake, Ont., averaged $510 per oz during the first half of this year, Cambior Inc (TSE) says. Current gold prices are about $525(C). Cambior, which so…