Mazarin search includes graphite
For the third consecutive year, Mazarin Inc. (TSE) and Fonds d’Exploration Miniere du Nouveau- Quebec are exploring in the area of Fermont in northern Quebec, where showings of kyanite, graphite and s…
1988
Fleck option deal
An agreement has been completed between Fleck Resources (VSE) and Consolidated Silver Standard Mines (VSE) which gives Fleck the option to earn a 65% interest in Silver Standard’s Smith property. Loca…
Most mines cost $200(US) to operate
According to a study by Andre Lemieux of the federal department ofEd Resources, cash operating costs of the 45 mines inCose sole or most valuable product was gold averaged$ut $200(US). Those mines acc…
Skyline commissioning mill at Johnny Mountain project
Mill commissioning is under way at Skyline Explorations’ (TSE) Johnny Mountain property north of Stewart, B.C., according to R. E. Davis, president. He says that commercial production is expected to “…
Heenan drilling for platinum
While the focus of Heenan Senlac Resources (TSE) is currently on oil and gas developments in Saskatchewan because of the rapid cash payback, it is still very much involved in mineral exploration and i…
Stronger dollar has gold reeling
The price of gold fell to $434.90(US) per oz at presstime, with analysts blaming a stronger U.S. dollar and falling grain prices for the decline. “The U.S. dollar is strong, that’s the key,” said Toro…
Montreal Exchange Cambior exits Red Lake
A falling gold price at week’s end seemed only to spur investors on the Montreal Exchange, where both the market portfolio and mining and minerals index recorded gains during the holiday-shortened tra…
Mine rescue awards reflect safety record of mining in B.C.
A mine rescue team from Cominco’s Sullivan mine at Kimberley, B.C., won top spot in the underground mining category in a recent province-wide mine rescue competition. A total of nine B.C. mines took p…
Toronto Stock Exchange Booming U.S. buck sends gold south
Renewed confidence in the U.S. dollar ravaged gold prices which crashed almost $15 to $443.55(US) on the second London fix. The result was a sell-off of most gold equities which pushed the gold and si…
Development award goes to Gordon at N.B. symposium
Morton Gordon, chairman of Gordex Minerals, has been named 1987 “Developer of the Year” by the New Brunswick Prospectors and Developers Association, and received a presentation at a recent gold sympos…
Test mill gets green light at Murgold/Chesbar prospect
Murgold Resources (TSE) President Charles McAlpine had some good news for shareholders at the company’s recent annual meeting in Toronto. He said Murgold and partner Chesbar Resources (ME) have electe…
Geddes’ Windy Craggy geometry more difficult than expected
Discerning the geometry of Geddes Resources’ (TSE) Windy Craggy deposit has been more difficult than anticipated — even from underground mine workings. The company has been drilling fan holes to stra…