Editor’s Note HOUSE CALLS
At least once a month, as workloads and budgets allow, one of our magazine staffers flies off to tour and report on a mine in Canada. This is a matter of policy — we can’t adequately cover an industr…
News
BACK ON TRACK
Surrounded by coniferous bush, 209 km northeast of Timmins, Ont., sits the Detour Lake gold mine. It is the only fly-in mining operation in Ontario and, as such, has kept a pretty low profile within t…
Wrightbar financing
An $800,000 financing agreement has been arranged between Wrightbar Mines and CMP 1988 Resource Partnership and Co., Ltd. at 95 cents per share. The money will be used on exploration work at the compa…
Goldstack joins Ariel
The Ariel mining group in Quebec has added a ninth member, Vancouver-listed Goldstack Resources. Goldstack has a 33 1/3% interest in the old Malartic Goldfield s mine site located near Val d’Or, Que. …
People (March 28, 1988)
Saskatchewan Mining Association — K. J. Cahoon elected president at the annual general meeting held in Saskatoon recently.
HSK Vigrass results
No economic gold values were assayed in core from an initial drill program completed by HSK Minerals on the company’s Vigrass Lake project near Kirkland Lake, Ont. The program was designed to follow u…
INSIDER TRADES (March 28, 1988)
Canamax — Amax Gold (Can) bought 83,500 to hold 6,922,057. Chelsea — Northgate bought 1,000,000 (private) to hold 1,000,000 common shares and bought 400,000 warrants to hold 400,000. Gldn Briar — M…
Stephen Roman dead at age 66
Stephen B. Roman, the man who took control of a penny mining stock in 1953 and built it into one of the largest mining empires in Canada, has died. He was 66. A spokesman for Denison Mines said Roman …
Copper demand expected to settle back
The copper “boom” appears to be coming to an end, according to any number of analysts, including Raymond Goldie of Richardson Greenshields. Supply of the base metal in 1988 in the Western world will j…
Muscocho, McNellen close to production on Magino property
The Magino joint venture of equal partners McNellen Resources and Muscocho Explorations expects to make a production decision on its gold property near Wawa, Ont., before the end of June. Muscocho Pre…
Inco Gold prepares to open first mines
Not yet a year old, Inco Gold is already gearing up to open its first gold mine in September, in the Casa Berardi area of Quebec. Then in 1989, two more mines are planned to come on stream, one in the…
Metal Prices FREE MARKET (March 28, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 22 Mar. 21 Mar. 17 Mar. 17 Mar. 16 Copper 1277-1279 1258-1262 1289-1291 N/A 1260-1262 Lead …