News

Newmont to explore Miramar’s Paymaster properties

A gold-silver project in Nevada encompassing several former producers will be explored by Newmont Exploration under the terms of a recent agreement with Miramar Energy Corp. (VSE). The agreement gives…


Metal Prices PRODUCER PRICES (January 02, 1989)

ALUMINUM: MW U.S. Market $1.11-$1.12 per lb. (Dec 22, 1988). ANTIMONY: New York dealer 96 -$1.01 per lb. (Dec 22, 1988). BISMUTH: New York dealer $6.55-$6.75 per lb. (Dec 22, 1988). CADMIUM: New York …


Vancouver Stock Exchange (January 02, 1989)

With 1988 coming to an end, the Vancouver market trend can only be described as “sideways” which is probably understandable. Throughout the year Prime Group companies have pretty well dominated tradin…


BREAKING NEW GROUND BEAUCHASTEL

More than half a century after it was first known to contain gold mineralization, the Beauchastel property, near Rouyn-Noranda, Que., is about to become a producer. The property’s owner and developer,…


Claude to proceed at Seabee

Claude Resources (TSE) has decided to proceed to final mine feasibility on its Seabee gold project in northern Saskatchewan. The decision follows a review of prefeasibility studies completed by A.C.A….


Cross Lake in venture with Golden Dragon

A joint venture agreement has been entered into by Cross Lake Minerals and Golden Dragon Resources (VSE) on a 35-claim property in Wilhemina Twp., north of Timmins, Ont. Cross Lake President R. S. Mid…


Letters RESERVE RESERVATIONS

I agree with most of your editorial “Keep it Simple” (October issue) on (ore) reserves. However, “mineral inventory,” an established term also variously known here and elsewhere as “geological ore res…


Japan and Taiwan big gold buyers

Japan is rivalling Taiwan as an importer of gold. According to news reports, Japan imported about 280 tons of gold in 1988, an increase of 40 tons from the previous year. Taiwan, which has been an avi…


Market turns for custom copper concentrates

The non-communist world’s sub-market for custom copper concentrates has developed pronounced “boom-bust” cycles of 3-4 years duration since the oil crisis of 1973, writes Metals & Minerals Research Se…


NovaGold financing (January 02, 1989)

Following the successful completion of a financing, NovaGold Resources (TSE) plans to begin construction at its Murray Brook project on March 1, 1989, President Gerald McConnell says. The final part o…


Editor’s Note A WELL-KEPT SECRET

People who trumpet their achievements loudly and long tend to get a might tedious after a while. Industries commit the same petty crime sometimes. In mining, fortunately, we have modest, self-effacing…


Augmitto court case

A statement of defence and a $100-million counterclaim have been filed against Augmitto Explorations (TSE) by Q. C. Explorations (VSE), Gledhill Consultants, Thomas Gledhill and Donald Humby. Augmitt…


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