Valdez Creek placer project going on hold
Operations at the Valdez Creek placer gold project in Alaska will be suspended temporarily in September and the project placed on a care and maintenance basis pending higher gold prices. The project, …
News
Dividends take 50% of Franco’s cash
Shareholders of Franco-Nevada Mining Corp. (TSE) can look forward to annual dividends of $1 per share, Seymour Schulich, chairman of the company said at Franco’s annual meeting. “The cornerstone of Fr…
FINANCING (July 03, 1989)
Pars Res — 575,000 offered @ 40 cents per sh VANCOUVER Precious Metals — 700,000 sold for gross $350,000 Donner Res — 500,000 sold for gross $175,000 Hixon Gold Res — gross proceeds rec $270,000 S…
Halt trading order on Comaplex shares remains in effect
A cease trading order placed on the common shares of Comaplex Resources (TSE) will remain in effect for the time being, the Ontario Securities Commission has ruled. The cease trading order was issued …
Drifting increases Ronrico stockpile
Drifting on the second and third levels of the East Zone of Ronrico Exploration’s (VSE) Simkar gold project near Val d’Or, Que., have increased the company’s No 1 stockpile to 5,991 tonnes. Ore reserv…
Vancouver Stock Exchange Mishibishu gold claims sparkle
The discovery of a significant copper-zinc massive sulphide deposit near Val d’Or, Que., has provided a badly needed psychological boost to market activity here, even though the find directly involves…
American Reserve closes Paymaster deal with Placer
American Reserve Mining (VSE) has finalized its agreement with Placer Dome (TSE) involving the sale of a 60% interest in the Paymaster gold property at Timmins, Ont. American Reserve President Carl Zu…
Aur takes on U.S. sulphide deposit owned by Savanna
Shortly after announcing its Val d’Or, Que., massive sulphide find, Toronto-based Aur Resources (TSE) has agreed to get involved in another polymetallic project. Under an agreement with Savanna Resour…
Rock mechanics integral part of day-to-day mine operation
Management at the Campbell Red Lake mine in northwestern Ontario takes its rock mechanics seriously. “They form an integral part of our ground support system,” S.M. Reid, mine manager of the Placer Do…
Caribou mine
Re: The Just-in-Time Mine article that appeared in the March, 1989, issue. I wish to report some serious errors and omissions. The following points should clarify some of the statements made and also …
Maintenance AVOIDING CRISES
“History-and-analysis” is the term used for the recording and analytical study of interesting past events in a given maintenance program. It is an essential part of any effective maintenance operation…
GASPE CONCENTRATOR
When the fatal fire in 1987 closed Wthe E Zone mine at Murdochville, Que., management at Noranda Minerals didn’t have a difficult choice to make as far as the smelter was concerned. The 70,000-tonne-p…