Mono Gold completes drilling program
Vancouver-based Mono Gold Mines (VSE) says that a recently completed surface drill program on its Bannockburn project near Madoc, Ont., indicates that more underground exploration is required. Mono Go…
News
Oglebay Norton profitability buoyed by U.S. steel industry
With the United States steel industry operating at 90% of capacity, the fortunes of Oglebay Norton Company (NASDAQ) have improved dramatically. According to President Renold Thompson, iron ore pellet …
Buyers sniffing at Doe Run
Fluor Corp. has retained two investment banking companies to screen inquiries concerning its 57.5% interest in Doe Run Lead. Doe Run is a major lead producer in the United States. Fluor says although …
Canadian Mining Law
The Canadian Institute of Resources Law has recently started a 2-year research project on Canadian Mining Law. The project, co-ordinated by Barry Barton, will result in a one- volume manuscript on min…
Loree a winner of CIM award
For the second year in succession, Thom Loree, assistant editor of The Northern Miner Magazine, has emerged as a prize winner in the Canadian Institute of Mining and Metallurgy’s annual awards competi…
Syngold underground program finds continuous ore grades
Underground exploration has established ore grade continuity over mineable widths at the Donalda mine property where partners Syngold Exploration (TSE) and partner Minnova Inc. (TSE) are involved in a…
Spot prices at a glance (April 10, 1989)
Price Week’s ($US) Change($) Gold* 384.40 +1.10 Silver* 5.80 — 0.03 Platinum* 524.75 +1.25 Nickel** 7.02 — 0.15 Lead** 0.26 –0.01 Copper- 1.4…
Westminer takes another look at N.S. zinc mine
The mill at Gays River, N.S., could become a base metals mill again. Owner Westminer Canada, which currently treats 100 tons of gold ore per day (from the Forest Hill mine) in the Gays River facility,…
Colony Pacific earnings decline
Lower oil and gas production volumes and the absence of gains from mineral property sales resulted in a net loss for Colony Pacific Explorations (TSE) of $197,000 or 2.7 cents per share on revenues o…
Nickel market maintaining its momentum
While no one can guess how long the bull market for nickel will last, it seems a safe bet the price of the base metal will hold up a while longer. More than a few analysts see demand for the metal, wh…
Gamsan completes drilling on Brabant Lake property
Edmonton-based Gamsan Resources (ASE) has completed a first phase winter drill program on its polymetallic property near Brabant Lake in northern Saskatchewan. The company conducted more than 12,000 f…
Magnacon production due to start this month
A production start-up at the Magnacon gold project in northern Ontario is imminent. Owned by Muscocho Explorations (TSE), Windarra Minerals (TSE) and Flanagan McAdam Resources (TSE), the project could…