Near-surface zone on Gamsan property
Following a program of deep drilling to test down-dip extensions of a zinc-copper zone on the Brabant Lake property in northern Saskatchewan, Gamsan Resources (ASE) is now investigating a near- surfac…
1989
Alberta Stock Exchange Borealis arrests fall
Calgary-based Borealis Exploration took some measure of revenge on the short sellers who have contributed to the issue’s recent decline. While the company is attempting to secure the necessary financi…
Goldex agrees to expand Dubuisson Twp. interests
Toronto-based Goldex Mines (TSE) is expanding its Val d’Or, Que. interests to include a couple of exploration properties controlled by Ormico Exploration Ltd. (ME) The Goldex Extension and Thompson Ri…
Puffy Lake Impacts Pioneer’s Bottom Line
Faced with the uncertainty of operating the Puffy Lake mine economically, Pioneer Metals Corp. (TSE) has reduced the carrying value of the mine in its financial results for the year ended Dec 31. The …
FUTURES PRICES (April 10, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 128.50 128.20 128.30 — 10.60 May 129.10 126.70 128.20 — 9.20 Jul 122.20 120…
Montreal Exchange Quiet market scene
Chalk it up as a fairly tranquil week on the exchange, with gold continuing to languish below $400 (US) per oz and investors expressing concern about higher interest rates and the direction of the eco…
Canadian Mining Law
The Canadian Institute of Resources Law has recently started a 2-year research project on Canadian Mining Law. The project, co-ordinated by Barry Barton, will result in a one- volume manuscript on min…
Loree a winner of CIM award
For the second year in succession, Thom Loree, assistant editor of The Northern Miner Magazine, has emerged as a prize winner in the Canadian Institute of Mining and Metallurgy’s annual awards competi…
Westminer takes another look at N.S. zinc mine
The mill at Gays River, N.S., could become a base metals mill again. Owner Westminer Canada, which currently treats 100 tons of gold ore per day (from the Forest Hill mine) in the Gays River facility,…
Colony Pacific earnings decline
Lower oil and gas production volumes and the absence of gains from mineral property sales resulted in a net loss for Colony Pacific Explorations (TSE) of $197,000 or 2.7 cents per share on revenues o…
Nickel market maintaining its momentum
While no one can guess how long the bull market for nickel will last, it seems a safe bet the price of the base metal will hold up a while longer. More than a few analysts see demand for the metal, wh…
Gamsan completes drilling on Brabant Lake property
Edmonton-based Gamsan Resources (ASE) has completed a first phase winter drill program on its polymetallic property near Brabant Lake in northern Saskatchewan. The company conducted more than 12,000 f…