Phase two work started by Vista
Vista Mines reports extensive exploration will be conducted on the WC-1 zone on its Bootleg Lake- Rio deposit mineral leases in northeastern Saskatchewan. The company started a phase II drill program …
1987
Total Erickson shopping for another acquisition
With no bank debt and a $10-million line of credit, Total Erickson Resources is looking for a new acquisition in either the oil and gas or mineral sectors. President Jean-Pierre Januard also told the …
Metall offering
Metall Mining Corp., a wholly- owned Canadian subsidiary of Metallgeselschaft AG, says it has filed a preliminary prospectus for a common share issue to be offered in Canada and internationally. Metal…
Drilling increases Estrades reserves
A drilling program on the Estrades project in the Casa Berardi area of Northwestern Quebec continues to produce some promising results. Golden Hope Resources and Golden Group Explorations said that …
Editorial Scotian Gold
The geology of Atlantic Canada is associated in the minds of many Precambrian geologists and Upper Canadian mining analysts with images of small-scale industrial mineral operations making little, if a…
HSK plans to raise $6 million
HSK Minerals has entered into private placement agreements which will raise a total of $6 million. A portion of the funds will be used to pay for hsk’s share of the 41% control interest in Queenston G…
SherrGold taking care of mine start-up woes
Gold recoveries fall below feasibility study estimates and gold production tumbles below start-up expectations. The patient is heard to babble “Where has all the yeller went?” Diagnosis — the start-u…
Metal Prices FUTURES PRICES (May 25, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 67.15 66.25 66.90 — 1.10 July 66.45…
Slumping oil prices hurt Conwest earnings
While admitting that the recent oil price collapse wasn’t in Conwest Exploration’s business plan, Chief Executive Officer John Lamacraft is quietly hoping that an oil industry rebound could boost his …
Metals snips
Gorham International has published its fourth study on asbestos and asbestos replacements since 1980, An Assessment of Asbestos Replacements: Economic, Performance and Technical Considerations. Despit…
Minerals shipped world-wide
More than 80% of Canada’s mineral production is shipped to markets around the globe, making the country the world’s largest exporter of minerals, reports the Mining Association of Canada. The country …
Montana silver mine back in production
Production has resumed at the Black Pine silver mine near Philipsburg, Mont., Inspiration Resources reports. Operations were suspended at the U.S. mine site in March, 1986, because of low silver price…