Custom milling
One major concern for any project hoping to enter commercial production is a milling facility, the cost of which may determine the viability of the entire project. The owners of three developing gold-…
News
Freewest feasibility looks positive
A feasibility study recently completed on the Holloway project near Matheson, Ont., indicates that the Lightning zone gold deposit could be economically developed based on a 1,650-ton-per-day operatio…
Teryl agreement is re-negotiated
An agreement with the Fort Knox Venture has been re-negotiated with respect to the Nerco claims in Alaska, Teryl Resources (VSE) said. Under the agreement, which will now bring additional payments to …
Gold’s unique characteristics set it apart
Gold! The word has fired our imagination like no other metal, Ontario’s Ministry of Northern Development and Mines reminds us in a recent information circular. The world demand for gold is still mainl…
Newcoast to receive revenue from Gibraltar copper mine
The phase-III expansion of the East pit at the Gibraltar mine near McLeese Lake, B.C., will begin to generate revenue later this year for Newcoast Silver Mines (VSE). Newcoast owns a 30% net profits i…
Freewest project hangs on results of feasibility study
After months of considering various development, milling, and underground exploration options for the Holloway project 40 miles east of Matheson, Ont., Noranda (TSE), as operator, has reached the fina…
EDITORIAL PAGE (September 23, 1991)
The legacy from the enthusiastic marketing of flow-through shares in the 1980s is still with us. The burst of exploration activity paid for by flow-through added considerably to Canada’s mineral datab…
McFinley seeking partner for project in Bateman Twp.
Bill Cummins, president of McFinley Red Lake Gold Mines (TSE), says he is still hoping to line up a joint venture partner for the company’s Bateman Twp. gold project near Red Lake, Ont. Under an agree…
Falconbridge’s deep hole will test Sudbury’s `twin’
A 1,500-metre hole designed to test the Wanapitei anomaly northeast of Sudbury, Ont., recently got under way. As operator of the “Mirage project,” Falconbridge has collared the deep hole in Sheppard T…
Delegates discuss acid drainage
About 450 delegates from several countries attended the Second International Conference on the Abatement of Acidic Drainage in mid-September in Montreal. Some 125 speakers at the 3-day conference pres…
NEWS ROUNDUP (September 23, 1991)
Toronto-based Falconbridge says it is cutting 100 jobs at its Sudbury, Ont., operations, after falling nickel prices forced rival Inco (TSE) to announce a similar move. The western world’s second larg…
Aur postpones Louvicourt work
Shaft sinking at the Louvicourt Twp. massive sulphide property, east of Val d’Or, Que., is being delayed until partners Aur Resources (TSE) and Societe Miniere Louvem (TSE) complete a feasibility stud…