Montreal Exchange MSV going it alone
Helping to enliven a directionless trading week on the exchange was news that MSV Resources of Montreal will be taking on the Eastmain gold project in northern Quebec by itself, subject to various app…
News
Placer Dome US
Continuing exploration drilling by Placer Dome US is going on in an area of several square miles located 6 to 8 miles north of Nome, Alaska in ongoing evaluation of lode gold deposits discovered by As…
Vancouver Stock Exchange Wait-and-see attitude towards gold
Vancouver market watchers were buoyed by news that bargain hunters were out in full force in Toronto, generating a rebound among otherwise sound issues that had been battered by gold’s drop below $400…
Breakthrough in Measuring Stress
Measuring stresses in hard rock has always been a big problem for rock mechanics engineers. Dr Gerhard Herget should know. The research scientist at the Canada Centre for Mineral and Energy Technology…
Poor ground conditions slow Yorbeau’s Astoria shaft sinking
Shaft sinking at the Astoria property near Rouyn-Noranda, Que., has reached a depth of about 900 ft, between the sixth and seventh levels, Karl Glackmeyer, president of Yorbeau Resources (TSE), told T…
On the Move (October 03, 1988)
The new Komatsu Dresser Co. of Libertyville, Ill., has elected a 6-member management committee. They are: John Murphy, chairman, president and chief executive officer of Dresser Inc.; Masao Tanaka, pr…
Mishibishu area mines are all active
Although modern exploration interest in the Mishibishu area came about as a sort of `overflow’ from the Hemlo gold rush in the early 1980s, it was only until recent discoveries that major companies ha…
Golden Pond project success of Casa Berardi area
A discovery by Inco Ltd. (TSE) geologists in 1981 of a gold deposit lying about 60 miles north of La Sarre, Que., recently became a producing mine (Golden Pond East), a positive sign for the Casa Bera…
Kimex drilling
Two drill holes on property in Beauchastel Twp. in northwestern Quebec have intersected “very interesting copper values,” Kimex Resources (ME) reports. The property is located 15 miles west of Rouyn-…
`Internal rate of return’ one guideline for investment
Then comes the interesting part * * * an estimate will be made of what the annual revenue from a mine will be during production to pay for preproduction capital costs. This requires a forecast of what…
Spot prices at a glance (September 26, 1988)
Price (US) Change Gold (per oz) $401.60 -$20.30 Silver (per oz) $ 6.19 -$ 0.32 Platinum (per oz) $492.00 -$32.00 Copper (per lb) $ 1.11 -$ 0.02 Lead (per lb) $ 0.27 -$ 0.01 Zinc…
Correction (September 26, 1988)
Contrary to what was reported in The Northern Miner Sept 19, American Barrick Resources’ (TSE) new 4,500-ton-per-day Goldstrike mill will initially process ore from the high grade portion of some eigh…