Strong assays cut by Gemlo, Central
Strong gold assays have been received by Hemlo Gold Mines from the company’s Eagle River property held under option from Central Crude Ltd. Located in the Mishibishu Lake area west of Wawa, Ont., the …
News
Metal Prices FREE MARKET (April 18, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Apr.12 Apr. 11 Apr. 8 Apr. 7 Apr. 6 Copper 1250-1260 1274-1276 1303-1305 1293-1295 1294-1…
Newmont keeps Australian interests
After failing to reach a pricing agreement, Newmont Mining of New York has decided not to sell a 75% interest in Newmont Australia Ltd., the company said recently. The proposed sale of its Australian …
Applegath ups holdings
A. W. Applegath, who heads the Applegath Group of companies including Villeneuve Resources (VSE) and Oneida Resources (VSE), has been increasing his personal holdings in both. In the case of Villeneuv…
Cdn.-United Minerals completes drilling
A 14,000-ft drilling program has been completed by Canadian-United Minerals (VSE) on its Fireweed polymetallic prospect located 10 miles north of Granisle in central British Columbia. Initial assays i…
Sonora to produce in ’88
Gold production is expected to total 90,000 oz at Sonora Gold Corp.’s Jamestown operation in California this year. The mine, which is operating at 6,000 tons per day, is producing 7,500 oz of gold per…
Orofino makes good progress at Jackson-Manion Swayze
Toronto-based Orofino Resources (TSE) is making signficant progress on a couple of gold properties in north and northwestern Ontario, the company said recently. An 18-hole drill program at Orofino’s J…
NLX Res. acquiring Sandy K. property
An agreement has been worked out between NLX Resources (TSE) and Sandy K. Mines, a private company, whereby NLX will acquire 100% of the issued and outstanding shares of the latter in return for 6.7 m…
Timmins Report Anyox mills Toronto sewage
The latest in heap leaching technology will be the topic of discussion at a seminar to be held in Timmins May 24-26. The seminar, called Heap Leaching in the Canadian Environment, is being sponsored b…
Tusk gets option at Anglo-Rouyn bet
An option has been acquired by Tusk Minerals (ASE) to earn a 50% interest in the former producing Anglo-Rouyn mine, located 35 km northeast of La Ronge, Sask. From 1966-1972 the mine produced 72,000 o…
Louvem planning shaft extension
Sinking work to extend the shaft below the 7th level at the producing Chimo gold mine in northwestern Quebec is to start in June, Louvem Mines (TSE) reports. The shaft should reach the 15th level in J…
Atlanta seeks partner in Idaho gold project
A joint venture partner is being sought by Atlanta Gold Corp. (VSE) to help develop its gold property in Elmore Cty., Idaho. “Atlanta is inviting proposals from interested parties,” President Olaf Tol…