VANCOUVER
Quattro Res — min 600,000 offered @ 35 cents per sh. Abstract Enter — gross proceeds rec $150,000. Golden Kristy Res — 500,000 sold for gross $200,000. Megastar Ventures — min 350,000 offered @ 35…
News
New uranium find for Minatco Ltd.
Discovery of ore grade uranium mineralization has been reported by Minatco Ltd. at shallow depths on the Wolly joint venture property in northern Saskatchewan. The company, a subsidiary of Compagnie F…
Peopel (February 06, 1989)
HOMESTAKE MINING — Thomas H. Wong elected assistant secretary and assistant treasurer.
Cominco earnings highest ever (February 06, 1989)
Once awash in red ink, Cominco Ltd. (TSE) continued its remarkable financial turnaround again in 1988 when earnings reached the highest levels ever reported by the corporation. At $213.5 million, last…
FMC Gold posts 23% profit gain
Increased production volume and lower costs brightened the profit picture for major North American gold miner FMC Gold Company (NYSE) in 1988. The company reports its net income rose 23% last year to …
ECM seeks partners on Nevada prospects
Five gold exploration properties in north central Nevada have recently been acquired by ECM Inc. The properties, located in Lander and Eureka Counties, cover a total of 52,000 acres in Nevada’s Cortez…
Ventures buying Eastmaque shares
Control of Eastmaque Gold Mines (TSE) is slowly slipping into the hands of Ventures Trident, a Colorado-based mining investment partnership. Ventures has purchased 900,000 preference shares of Eastmaq…
50 Years Ago FEBRUARY, 1939 SHAFT WORK AT JEROME
Shaft-sinking by hand steel has been started at the Jerome property of The Mining Corp. of Canada, in the Opeepeesway Lake area, S udbury mining division. In the third-quarter report of the company, i…
POLAR PRODUCERS
POLARIS You could say it’s about as redundant as hauling coal to Quintette or gold to Hemlo. Polaris, the world’s most northerly metal mine, requires underground refrigeration. The cooling is necessar…
Specs AN INDEX TO LHSs
Reliability, productivity and flexibility are the hallmarks of any load-haul-dump (LHD) machine worth its weight in ore. Striking an appropriate balance for the job at hand is a tough job for an equi…
Core Shack THE MOBRUN DEPOSIT
The Mobrun polymetallic massive sulphide deposit, 30 km north of Rouyn-Noranda, Que., is owned 70% by Audrey Resources, the operator, and 30% by Minnova Inc. The deposit hosts reserves of 1.6 million …
LETTERS COMPRESSED AIR DEVICE
In the article “Compressed Air, Naturally” in the November issue, the following was stated: “Thus was born, in 1910, the world’s first and only water-powered compressed air plant — the Ragged Chutes …