World uranium output declines in ’87
Total production of uranium by non-Communist countries decreased in 1987 compared with the year before, with three of the top four producing nations — Australia, South Africa and the U.S.A. — showin…
News
People (April 11, 1988)
Malartic Hygrade Gold Mines (Canada) — Marc C. Henderson appointed president and chief executive officer succeeding Jack Belton, who is retiring, but remains a director. Ross D. Parry elected chairma…
News in Brief (April 11, 1988)
Geodome Resources has changed its transfer agent to Royal Trust Co.
Interest expressed in Dumont property
Record nickel prices have created an interest in a deposit of the base metal situated in northwestern Quebec, Dumont Nickel (ME) of Val d’Or reports. Two American companies are negotiating for long-te…
Underground program planned by Citadel at Surluga property
Under new ownership, Citadel Gold Mines (TSE) is getting serious about its former producing Surluga gold property at Wawa in northern Ontario. The junior mining company is planning an underground test…
Copper upturn helps Lornex
Copper prices reaching levels not seen since 1980 helped Lornex Mining Corp. (VSE) enjoy one of its better years, according to the company’s annual report. Lornex has a 45% interest in Highland Valley…
Chevron, Stroud are considering underground work
An underground exploration program will be considered following the completion of a 30,000-ft drill program at the Hislop project held by partners Chevron Canada Resources, and Stroud Resources (TSE)….
Gibraltar profits
After six years of losses, Gibraltar Mines (TSE) describes its return to profitability as particularly significant because it “probably has the lowest grade orebody of any operating copper mine in the…
Saleine Mines sold to Canadian Salt
A wholly-owned subsidiary of the Quebec government’s Soquem, Seleine Mines, has been sold to Canadian Salt for $35 million. The Saleine operation produces salt from a deposit situated on one of the Ma…
Toronto Stock Exchange Falconbridge, Inco highlight lethargic week
Trading in the shares of Inco Ltd and Falconbridge Ltd was the only highlight in a generally lethargic week of activity. Today, both issues raced near their highs, primarily due to firming commodity p…
Duration nickel find
A nickel-copper discovery has been made by Duration Mines (TSE) on the company’s property near Geraldton, Ont. A drill test of a geophysical anomaly cut 98 ft grading 0.5% combined nickel- copper per …
First reserve grades low on Bay/Jilby Fontana bet
The three joint-venture partners on the Fontana property in Duverny Twp. in northwestern Quebec have announced the first reserve figures on the property. Calgary-listed Bay Resources and Services (ASE…