Oretruck on fire at Murdochville
Two weeks after a fire claimed the life of a miner at the Noranda Minerals Inc. copper mine at Murdochville, Que., on the Gaspe Peninsula, a 13-ton oretruck caught fire underground. No injuries were r…
1987
Technology spurs graphite demand
The total market for graphite in North America is small, between 50,000 and 80,000 tons a year (compared with 610,000 tons world- wide). But new technology is spurring demand at growth rates of 1%- 3%…
Newfields arranges private placement
Newfields Minerals of Vancouver has arranged a private placement with S.I.C. Properties whereby Newfields will issue 2.5 million common shares to S.I.C. at $3 per share. A finder’s fee of $405,000 is …
Falconbridge in the red, cheered by gold, silver
Earnings news on the first quarter this year announced at the annual meeting was considerably less than a barnburner for Falconbridge Ltd., but the company is looking for better things for the rest of…
More Dome drilling on Melrose bet
A drilling program, overburden and diamond, is scheduled to be started after breakup on Melrose Resources’ Blackstock Twp., Ont. property by Dome Exploration. Dome says it intends to spend a further $…
Unigold drilling in Timmins area
An approximate 3,000 ft drilling program has been completed on serveral ip anomalies on the Penhorwood properties, west of Timmons, Ont., by Unigold Resources,. President J. Claude Bonhomme says that …
Drilling identifies gold-bearing pods
Five gold-bearing pods have been partly delimited by J.A.G. Mines at its Malartic property in northwestern Quebec, following drilling at 19 sites. The pods are contained in a structure 4,000 ft long a…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (April 27, 1987)
April 21 April 20 April 17 April 16 April 15 Gold London Bullion Dealers afternoon (morning) $US per oz. 449.50(454.30) N/A N/A 437.75(441.00) 444.10(445.50) Gold Bank of Nova Scoti…
Alberta Stock Exchange Most issues sideways
Directionless trading appeared to be the order of the week on the Alberta Stock Exchange, as gold prices corrected modestly to the $445 (US) level. Unlike last week, the most active traders list faile…
Books Mine design in high-stress rock
A. A. Balkema Publishers of the Netherlands has published the proceedings of the 9th Plenary Scientific Session of the International Bureau of Strata Mechanics, held in Varna, Bulgaria, June 18-21, 19…
Report from Calgary More exploration for Chu Chua
Exploration will continue on the Chu Chua copper property, north of Kamloops, B.C., during 1987. Under an agreement Corporation Falconbridge Copper has an option on the property from Pacific Cassiar a…
Aluminum talk
An aluminum symposium hosted by Metals Week is scheduled for Oct 19 and 20 in Zurich, Switzerland. Titled “Structural Change: Who Will Benefit?,” the symposium will offer insights on the changing role…