Minnova awards feasibility study
The feasibility study for Minnova Inc.’s (TSE) Samatosum project, which includes joint venture partner Rea Gold Corp. (VSE), has been awarded to Kilborn Engineering of Vancouver. The study will determ…
1988
Cambior to put Eldrich-Flavell into production
Cambior Inc. (TSE) has decided to put its wholly-owned Eldrich- Flavell property into production, President Louis Gignac said at the company’s annual meeting in Montreal. The mine, located about nine …
What’s New AUTOMATED SURVEYING
Geodimeter of Canada has fully automated the monitoring of walls in open-pit mines. The company’s total station survey system, the AGA 710, which is used for monitoring the structural stability of pit…
Metal Prices FUTURES PRICES (May 02, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 90.05 88.50 89.35 — 5.55 Jun 89.00 89.00 …
People (May 02, 1988)
Ontario Ministry of Northern Development and Mines — John B. Gammon appointed director, mineral development and lands branch; Andrew J. Freyman, senior policy advisor.
Golden Briar finds zone of copper-zinc-silver
A new copper, zinc and silver zone has been discovered in Quebec’s Casa Berardi area, Golden Briar Mines (ME) reports. The discovery is located in an optioned 18-claim area adjoining the southern boun…
Metall Mining posts 9-month earnings
Metall Mining (TSE) benefited from strong metal prices in the last quarter of 1987 to post net income of $17.3 million or 46 cents per share for the nine months ended Dec 31. That includes extraordina…
Dolphin to spend $2 million on Cape Ray drill program
A $2-million surface drilling program is planned this year by Dolphin Explorations (VSE) for its Cape Ray gold property in southwest Newfoundland. Planned by the company, which is 44% owned by Interna…
INSIDER TRADES (May 02, 1988)
Barron Hunter Hargrave — J. Hargrave sold 35,000 to hold 4,777,200. Black Hawk — S. Dattels sold 725,000 to hold nil. Canacord — L. McCarthy sold 40,500 to hold 171,200. Canamax — Amax Gold (Can) …
Editor’s Note HALF TRUTHS
I don’t know how often I’ve heard this, but it’s certainly been often enough I and in so many different contexts that for a time I came to consider it only a comfortable cliche — one of those sayings…
More high grade at Newhawk Gold
Several more high grade drill intersections have been reported from Newhawk Gold Mines’ (VSE) Sulphurets property north of Stewart, B.C. Sectional drilling was recently completed on eight new sections…
50 years ago MAY, 1938 WHY DOESN’T THE MARKET MOVE?
When an announcement that a crosscut has encountered a 52-ft orebody, assaying $11 in gold, fails to stir prices of gold mining shares, traders and the public may be excused for wondering, What’s wron…