CIM-NB gives grant to school
Officers of the New Brunswick Branch of CIM met recently with students and teachers at Fredericton High School to present a grant to the school’s geological studies program. Seen here, John Stirling, …
1989
Noramco Mining tallies massive loss
The loss tallied $61,394,000 by Noramco Mining (TSE) for the first nine months of its current fiscal year testifies to a succession of exploration and development disappointments compounded by the clo…
Treminco targets mill start-up for May
By May of this year, Treminco Resources (TSE) expects to have completed construction of its own 200-ton-per-day mill on the Ptarmigan mine site located about 12 miles from Yellowknife, N.W.T. The new …
Metal Prices FUTURES PRICES (March 13, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar153.50 150.00 150.10 + 13.40 May145.60 142.30 144.00 + 12.80 Jul138.30 135.30 137…
Platinova, partners plan to dredge for aggregate in Lake Ontario
Toronto-based junior Platinova Resources (TSE) is planning to dredge Lake Ontario for fine aggregate for sale to the concrete industry. Using Scandinavian dredging technology, Platinova and its partne…
Minven initiates study on conventional milling
The feasibility study for a conventional milling operation at Minven Gold Corp.’s (TSE) Gilt Edge mine in South Dakota has been awarded to Bechtel Inc. of San Francisco. The study, which will consider…
Correction (March 13, 1989)
The tonnage range given for the sulphide lenses on the Cominco/ Redfern Tulsequah Chief project was misstated (N.M., Mar 6/89). In fact, the sulphide lenses ranged from 50,000 to 400,000 tons.
DRX adds MicroMin Res. to expanding portfolio
New York-based holding company DRX Inc. has added Micronesian Mineral Resources (VSE) to its expanding portfolio of gold assets. At a Feb 24 meeting in Vancouver, shareholders of MicroMin gave their a…
Editorial The flow-through lever
From all accounts, Jake Epp is a well respected member of the federal cabinet, but if his appearance at the Prospectors and Developers convention in Toronto recently was any indication, his tenure as …
Granges, Mid-North
A drill program operated by Granges Exploration (TSE) has intersected encouraging gold values from the Gurney project, east of Flin Flon, Man. The project is held in joint venture with Mid- North Reso…
Earnings Reports (March 13, 1989)
Horizon Gold Shares (NASDAQ) reports a net loss of $195,358(US) or 1 cents per share for the three months ended Dec 31. For the nine months ending the same date net income was $1.03 million or 6 cents…
Dofasco’s Ontario mines set to close next year
Hamilton-based steelmaker Dofasco Inc. (TSE) recently announced plans to discontinue operations at its two northern Ontario iron mines. The Adams Mine at Kirkland Lake and the Sherman Mine at Temagami…