Hemlo, Central results
Another 10 deep drill holes have been completed on the Eagle River gold property owned by partners Central Crude Ltd (VSE) and Hemlo Gold Mines (TSE). Located in the Mishibishu Lake area, 30 miles wes…
News
Letter to the Editor McFinley president has shareholders’ interest
Your article on McFinley Red Lake Mines (N.M., Feb 20/89) is very unfair to W.W. Cummins. The article did not present all the facts. I can say without hesitation that Mr. Cummins, as president has gui…
Dejour/Noble net low gold recoveries
Initial metallurgical testing on drill core from the Turquetil gold property in the Northwest Territories, has yielded low gold recoveries, partners Dejour Mines (TSE) and Noble Peak Resources (ASE) s…
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, …
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…
Goldpost Resources intersects gold
The first hole of a 4-hole drill program on the West Zone of the Hislop East property east of Timmins, Ont., has intersected 0.43 oz of gold per ton across 42.2 ft from a depth of 753 ft, says Goldpos…