LETTERS Brunswick bigger than Red Dog
I am writing with regard to an article in the May, 1987, issue. The article enti tled “A Jackpot in the Arctic” (i.e. the Red Dog deposit) stated that “among zin c deposits, only the original Broken H…
News
Placer, MSV encouraged with underground program
Initial results from an underground program on the Eastmain gold project east of James Bay, are confirming earlier drill results. Partners Placer Development and MSV Resources plan to have the program…
Maufort option
An agreement has been reached between Maufort Resources and a Vancouver company, Moneywise, whereby Maufort may earn a 51% interest in 700 acres adjacent to its Siscoe extension property in the Val d’…
Belmoral ahead on year despite poor quarter
A loss during the second quarter of $656,000 has been reported by Toronto-based Belmoral Mines. The company’s net income for the first six months of 1987, however, stands at $349,000, thanks to a stro…
Canasil starts exploration work at Toodoggone
A phase one exploration program has begun on Canasil Resources’ Toodoggone area property north of Smithers, B.C. Work will include the evaluation of a breccia zone where anomalous gold and silver valu…
Hope Brook entering production
On the remote southwest coast of Newfoundland, where the caribou outnumber the people, a gold mining crew is feeling triumphant. Its year-long struggle with the elements is starting to pay off. The he…
Enigmatic Imperial metals spinning off gold assets
Last year even the president of Imperial Metals admitted his company was “somewhat of an enigma,” arguing in the process that it wasn’t as difficult to understand on a “sector- by-sector basis.” Since…
LETTERS Wrong Sponsor
I am writing with regard to your mention of the Prospectors’ Triathlon, in the Cross-cuts section of the June, 1987, issue. I feel it is my obligation to bring to your attention that it is the Porcupi…
Metal Prices PRODUCER PRICES (August 03, 1987)
ALUMINUM: MW U.S. Market 73.50 cents -76.00 cents per lb. (July 16, 1987). ANTIMONY: New York dealer $1.07-$1.12 per lb. (July 16, 1987). BISMUTH: New York dealer $3.25-$3.40 per lb. (June 25, 1987). …
Equity safety program results gratifying
Employees at Equity Silver Mines are enjoying an excellent safety record but this wasn’t always the case. In 1981, 14 lost-time injuries were recorded and eight the following year. As a result, manage…
Raises completed at Magnacon bet
Three raises have been completed as part of the extensive surface and underground exploration program at the Magnacon project in the Mishibishu Lake area of northern Ontario, Jack McAdam, president of…
Pillar power
Last May an important research project started up near Sudbury, Ont. An array of accelerometers and hydrophones (highly sensitive, electronic listening devices) were installed near four blasthole stop…