Gold price forces Bell Creek closure
Citing weak gold prices, Canamax Resources (TSE) says it will close its only operating gold mine. The Bell Creek mine and mill near Timmins, Ont., will be the third Canamax gold operation to close wit…
News
Gold Ridge funding
Funding is now available to complete the mine development and begin operations at the Wingdam placer gold project in the Cariboo mining division of British Columbia, Gold Ridge Resources (VSE) announc…
OBITUARY (October 14, 1991)
Well-known mining engineer Tilmer (Tim) Waterland of Delta, B.C., died recently. He was 90. His career involved positions at a number of mines in British Columbia, including Copper Mountain, Anyox, Pr…
Drilling by Taseko confirms size and grade of Fish Lake
Assay results from a further two holes on the Fish Lake property, 75 miles southwest of Williams Lake, B.C., are confirming size and grade projections made earlier this year by part-owner, Taseko Mine…
EDITORIALS
British Columbia has developed a reputation for having colorful politics, with campaigns in the province typically focused more on personalities than on issues. Things appear to be no different this t…
Spot prices at a glance (October 14, 1991)
Week’s Price (US) Change Gold* $357.60 + $3.20 Silver* $ 4.08 – $0.14 Platinum* $356.75 + $5.50 Nickel** $ 3.42 – $0.02 Lead** $ 0.24 … Copper $ 1.08 +0.02 Zinc $ 0.45 … Courtesy of Scotiabank. In…
Reserves up 27% at Andacollo
A 27% increase in overall minable reserves was reported by Dayton Mining (TSE) for its 100% owned Andacollo gold project in central Chile. That’s good news for Dayton, a technically oriented junior wh…
FUTURES PRICES (October 14, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 108.00 106.50 108.00 0.00 Nov 107.00 105.55 107.00 + 0.65 Dec 107.00 103.90 106.00 + 1.00 SILVER (in US cents…
New players bring new hope for Bathurst area exploration
Residents of this lively seaside community hope that the new blood pouring into northern New Brunswick will have what it takes to find another Brunswick orebody. With the exception of programs sponsor…
Ownership puzzle confounds efforts to develop Holloway
Companies with a stake in the Lightning gold zone east of Timmins, Ont., have gathered around the bargaining table in an effort to create a single mine property. But considering the deposit represents…
CIM workshop
The Metallurgical Society of the Canadian Institute of Mining, Metallurgy and Petroleum will host a workshop on Nov. 4-5 at Toronto’s Bristol Place Hotel. Topic is “metallurgy and materials science in…
Correction (October 14, 1991)
Hemlo Gold Mines (TSE) has estimated preliminary reserves at the Lightning zone to be 5 million tonnes grading 0.27 oz. gold per tonne (5.5 million tons grading 0.25 oz. per ton). An incorrect figure …