News

Underground plan for Placer, Dome at Musselwhite

Down the road, Placer Dome could be looking at still another gold mine in the Pickle Lake area of Ontario. The company expects to start an underground program this winter on the Musselwhite project at…


COATS Trading Features (September 07, 1987)

Wye Resources was stronger and active this week, trading up to 75 cents -80 cents . The company has completed a public offering which raised $525,000. The funds will go towards earning a 60% interest …


Alberta Stock Exchange Gold volumes drop

Rumours of a presidential heart attack in conjunction with concerns about the future health of the U.S. dollar sent volumes careering headlong into what market watchers will hope is a temporary slump….


Westmin completes study at Big Missouri, Silbak

Westmin Resources of Vancouver has indicated that production on a major new gold/silver operation near Stewart in northwestern B.C. could begin as early as December 1988. Following an extensive diamon…


Big firms join Peat Resources

Some heavyweights are moving into the Peat Resources picture, The Northern Miner gathers from conversation with the company’s president, Leon La Prairie. Inco Ltd., Esso Resources Canada and Lacana Mi…


Echo Bay adds to reserves at Nevada gold property

Assay results from the most recent round of exploration drill holes at the northern edge of the Cove deposit on the McCoy property in Nevada have added significantly to geological reserves, Echo Bay M…


Canadian postal dispute (September 07, 1987)

There is a possibility of a dispute in the Canadian postal service within the next few weeks, which would disrupt mail service. Should this happen, subscribers in Toronto, Montreal and Vancouver may o…


Books (September 07, 1987)

Practical Problems in Exploration Geochemistry by A. A. Levinson, University of Calgary; P. M. D. Bradshaw and I. Thomson, Placer Development Ltd. Hardcover, 269 pages, ISBN 0-915834-05 $7. 80(US) App…


Cominco’s Marte project nears production stage

A production decision is expected this fall for the Marte gold project owned by Cominco Resources and a subsidiary of Anglo American Corp. The decision will follow the completion of a feasibility stud…


Abitibi optimistic on a mining plan

Abitibi Metal Mines, a small, Montreal-listed junior (not to be confused with Abitibi Resources), is very optimistic about mining 500,000 tons of what it calls probable ore, on a 6-claim property nort…



Phelps Dodge exploring deposit

The largest producer of copper in the United States, Phelps Dodge, reports it is exploring a potentially significant copper deposit near Brisbee, Ariz. The copper mineralization lies north of the aban…


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