Editorial No equivalent to gold
Reporting ore reserves is a slippery business at best. Ore, of course, is material that can be mined at a profit. What constitutes ore, however, changes with the price of commodities, mining plans and…
News
Catear suspends production until April
Poor weather conditions and heavy snowfall in the Sulphurets area of northwestern British Columbia have led Catear Resources (VSE) to suspend operations at its Goldwedge mine until April. In the meant…
News in Brief (March 27, 1989)
Field work has been completed on Epoch Capital Corp.’s (VSE) mineral properties in the Baie Verte area of Newfoundland. The Calgary-based company says it is currently awaiting final reports on the fie…
Atlas Gold Bar mill expansion will raise output to 60,000 oz
Atlas Corp. (NYSE) expects to produce over 60,000 oz gold in 1989 because of the expansion of its Gold Bar mill in Eureka Cty., Nev. Process capacity was recently doubled to 3,000 tons per day and gol…
Metal Prices FREE MARKET (March 27, 1989)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 21 Mar 20 Mar 17 Mar 16 Mar 15 Copper 1852-1857 1855-1860 …
N.S. zinc potential gets another look
Fundy Resources, a private company controlled by Halifax lawyer Dale Dunlop and his father Bruce Dunlop of Winnipeg is shopping a promising zinc property around to major base metals producers. Located…
Metal Prices PRODUCER PRICES (March 27, 1989)
ALUMINUM: MW U.S. Market $1.025- $1.065(US) per lb. (Mar 9, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75(US) per lb (Mar 9, 1989). …
Editorial Getting the most from COATS
A dynamic over-the-counter stock exchange could have a significant role to play in the Canadian securities industry as an efficient but inexpensive marketplace for stock-issuing companies. Not only co…
Placer miners profitable despite unique problems
When he makes one of his rare trips from the Yukon’s Klondike gold district to Toronto, placer gold mining expert Paul White doesn’t ride into town on the back of a burro. Like most of the other compa…
Golden Group’s Estrades project nudging closer to production
This year’s exploration and development program at the Estrades polymetallic deposit will include metallurgical testing, road construction and engineering studies leading to final feasibility, partner…
Placer Dome to option Brookbank property
Placer Dome Inc. (TSE) has signed a letter of intent to option Metalore Resources (TSE) Brookbank gold property near Beardmore, Ont. Under the terms of the deal, Placer has the right to earn a 50% int…
Big width on surface kindles interest in Quebec nickel find (March 27, 1989)
Surface trenching on the McNickel property north of Lac St. Jean, Que., has uncovered important looking nickel-copper mineralization over impressive dimensions. One area, measuring 300 ft in width, ha…