1989

The following are excerpts from the autobiography of Franc R. Joubin, a renowned Canadian geologist who was recently inducted into the Canadian Mining Hall of Fame. The book, entitled Not For Gold Alo…

As a member of the Space Studies Institute (but not an official spokesperson), I was interested to see the editorial regarding lunar mining (N.M., Mar 20/89). May I comment? It is true that as a post …

A follow-up drill program is planned by American Platinum (VSE) on the company’s Angle Bay platinum group metals (PGM) project, near Lac des Iles, Ont. The four-to-five-hole program, expected to begin…

Five provinces may have thought the 5-year Mineral Development Agreement (MDA) they signed with the federal government in 1984 expired at the end of March, but in reality the agreements have a sixth y…

The cost of mining in Ontario is about to go up a notch, and some of the province’s small gold mines will likely suffer most. Unwilling to follow the example set by their base metal brothers by inve…

Nobody knows with certainty, but everybody is interested in the possibility. If war comes, what then? In the first instance, it would be recognized that such a war would not break on an unprepared wor…

Contrary to what was was reported recently (N.M., March 20/89), Calgary-based Baloil Resources (ASE) intersected 8.8 ft of grade 0.13 oz gold per ton in drill hole DDH-1 during a 2,400-ft program at i…

Toronto-based American Barrick Resources (TSE) has successfully closed its 1,050,000-oz gold loan agreement which is designed to finance a $365(US) million development program at the Goldstrike mine i…

A $10-million offer for its Mt. Hundere zinc-lead-silver project in the Yukon was too good to be refused by Toronto-based Canamax Resources (TSE). After outlining 5.2 million tonnes of grade 18.5% com…

Stumbling metal prices in February contributed to a decline of almost 1% in Scotiabank’s all- commodity price index for that month. “Industrial metal prices moved down in February and March from high …

With three mills in the immediate vicinity and a winter drilling program now complete, Stratabound Minerals’ (ASE) CNE massive sulphide property near Bathurst, N.B., is beginning to look promising. St…

Toronto-based Aur Resources (TSE) is expanding its holdings in the Val d’Or, Que., area by entering into option agreements with four junior exploration companies controlled by prospector Jack Kentish….