Metrologist seeks help
Metrologist Jan Merks is seeking help from mining companies for a book dealing with the metrology of precious metals ores. He can be contacted at: P.O. Box 697, Station A, Vancouver, B.C. V6C 2N5.
1989
Queenston, affiliates in flow-through deals
Toronto-based Queenston Gold Mines (TSE) has entered an agreement with CMP 1989 Resource Partnership and Co. to subscribe for $275,000 in flow-through share financing for 1989. Queenston said proceeds…
Connors completes exploration hole to 8,688-ft depth
An exploration hole to a depth of 8,688 ft and at 64 degrees was completed recently near Kimberley, B.C., by Connors Drilling of Kamloops, B.C. The hole was drilled with Longyear’s CHD 76-mm coring eq…
`Glasnost’ brings Polish mine, VSE junior together
The new spirit of glasnost sweeping Poland has set the stage for an agreement between that country’s largest copper mining and smelting organization and a Vancouver-based junior mining company. The re…
Montreal Exchange: Market advances
The market took a turn for the better this week with both the market portfolio and mining and minerals index posting broad advances, more than 65 pts and almost 62 pts, respectively. Volume was light-…
Drillers need to cut lost-time injuries says MAPAO director
The diamond drillers’ job is seen as a high risk occupation and unless the industry does something to improve that image, government may step in with increased regulation to reduce the rate of lost-ti…
Jolu gold mine continues to give impressive results (May 22, 1989)
The production performance of the Jolu mine in Saskatchewan’s La Ronge district has progressed from impressive in March to spectacular in April. The 400-ton-per-day gold mine is operated by 30%-owner,…
Canamax closes deal
A definitive agreement has been signed between Canamax Resources (TSE), Pacific Trans-Ocean Resources (TSE), Lloyds Bank and Central Capital Corp. regarding the sale of the Ketza River gold mine to Ca…
Belmoral reports quarterly loss
Low gold prices and a lower grade of ore at the Dumont mine near Val d’Or, Que., were part of the reason Belmoral Mines (TSE) recorded a $4 million net loss for the first quarter of this year, the com…
900-million Porgera project gets green light
Placer Dome has obtained approval from the government of Papua New Guinea to begin construction at its Porgera gold project, a $900-million investment. Placer Dome is operator holding a 30% interest w…
Malartic Hygrade
For the first quarter ended March 31, Malartic Hygrade Gold Mines (VSE) earned $211,353 or 6 cents per share. This compares with earnings of 4 cents per share during the same period last year. Malart…
Bunker Hill profits hinge on running near capacity
The reactivation of the Bunker Hill mine has breathed new life into this depressed community which went into a tailspin after the mine shut down in 1981. Even so, the fragile nature of the area’s econ…