Wharf set for record output
After a $9-million capacity expansion last year, Wharf Resources’ (TSE) Annie Creek heap leach mine, a few miles south of this mining town, is on target to set a production record. Wharf is aiming at …
1989
McNellen testing copper bet in B.C.
A 5,000-ft drilling program is being started by McNellen Resources (VSE) on the company’s Mount Foley copper-silver-gold property 15 miles east of Chilliwack, B.C. McNellen plans to test a 250-ft wide…
Commodity price rise focus of IMF study
Rising prices of non-fuel primary commodities that began in 1987 continued in 1988 and through early 1989, the International Monetary Fund (IMF) reports in its 1989 edition of Primary Commodities: Mar…
Cheni’s Lawyers mine pours gold at opening
With the traditional ribbon-cutting ceremonies, speeches and pouring of dore bars, Cheni Gold Mines (TSE) officially opened its 100%-owned Lawyers mine and mill complex located in this remote region o…
Safest mines in the U.S. honored
The safest mines in the United State were honored recently with the “Sentinels of Safety” award presented by the American Mining Congress and the Department of Labor. To qualify for the award a mine m…
Newfoundland exploration bolstered by majors
Although it’s not as hectic as last summer, Newfoundland’s mineral exploration industry is enjoying another healthy season thanks largely to major mining companies who have firmly established their pr…
McNickel completes $3.4M financing, starts drilling
With a successful $3.45-million public financing behind it, Toronto- based McNickel Inc. (COATS) has started a 20,000-ft drilling program on its Lac St. Jean nickel-copper prospect north of Dolbeau, Q…
Toronto Stock Exchange Falconbridge takeover bid ignites buying
Mining issues — specifically base metal mining issues — led trading activity on the TSE as more than 33.3 million shares changed hands. Almost 10% of that trading was in the form of Falconbridge Ltd…
Editorial Coal and alfalfa
Land reclamation is always a sensitive topic for miners and environmentalists alike. In the past, the former saw little value in spending money to reclaim mined lands whereas the latter have tradition…
Bank of Nova Scotia index declines for fifth month
Falling precious and base metal prices contributed to a further decline in Scotiabank’s all-commodity price index in June. The index dropped 2.9% from May, the fifth consecutive monthly decline. Bank …
Canadian Giant to explore Terrex’s Newfoundland bet
Exploration is expected to get under way soon at a group of Newfoundland claims acquired recently by Terrex Resources (ASE) from Nippers Harbour Minerals Ltd. Situated about 10 km south of the Bitech …
Vancouver Stock Exchange Alaskan project boosts Fairbanks 50^
It may not be happening in any major way in Vancouver, but brokers here are heartened by the recent upswing in trading activity on the big boards back East. However, unlike several years ago when juni…