Teck-Corona Hemlo mine showing its potential
Mill throughput at the Teck-Corona mine at Hemlo reached 924 tonnes per day in Teck Corp.’s first quarter, shareholders were told at the annual meeting. This compares with a 556-ton average for the ye…
News
Ketza River royalty goes to Canamax
Canamax Resources plans to pay more than $3 million for the 20% net profits interest held by Ketza River Mines on Canamax’s Ketza River property in the Yukon. The royalty was acquired by purchasing a …
McGill seminar, mineral evaluation
A seminar on mineral project evaluation techniques and applications will be held Feb 9-20 at McGill University, Montreal, by the university’s department of mining and metallurgical engineering. It is …
Editorial Who says engineers are illiterate?
Readers will have noticed by now that our popular “Odds ‘n’ Sods” column has moved — we expect more or less permanently — to the editorial page, where it enjoys a prominence we hope it deserves. We …
Granges now seeking new PGM acquisition
With production expected from at least three mines in 1987 and a huge working capital of $40 million available, Granges Exploration is looking for at least one other precious metals acquisition. Accor…
Cdn. Premium facing proxy battle
A proxy battle is shaping up for control of Canadian Premium Resource Corp., which now is controlled by Mahogany Minerals. A dissident shareholders’ group is soliciting proxies for a new management sl…
Royal Oak working on Maylac property
A dewatering program is under way at the Maylac property held by Royal Oak Resources. Located three miles north of Geraldton, Ont., the Maylac mine saw limited production in 1958 producing 1,520 tons …
Handbook appeals for updated maps 1987-88 edition
The staff of the Canadian Mines Handbook is currently in the process of updating old maps and compiling new maps for the 1987-88 edition, scheduled for publication in July. To ensure accuracy, holders…
High grade hit on Treminco bet
Underground drilling at Treminco Resources’ Tom property near Yellowknife, N.W.T., has intersected a previously unknown vein. An assay of 0.46 oz gold was reported over 8.4 ft from the new structure w…
Denison realizes profit of $44.6 million in ’86
It was a tough year for Denison Mines in 1986, perhaps the toughest ever, but judging by the bottom line the company met adversity head on and came out a winner. Drastically lower oil prices and ongoi…
Report from Calgary Bighorn bullish on gold bet
An up-to-date information release by Bighorn Development Corp. paints an encouraging picture for the development of the company’s Island Lake gold project in northern Manitoba. Further rehabilitation …
Alberta Stock Exchange Seabee moves Claude
Several issues improved during the week as gold continued to hang on to recent gains. Claude Resources was one of the best performers, adding 40 cents to $4.70 on good volume. A greenlight has finally…