Formal Production Decision for Samatosum
With all government approvals in hand, the board of Minnova Inc. (TSE) recently made a formal decision to bring the Samatosum project near Adams Lake, B.C. into production. The company has a 70% inter…
News
Letters to the Editor Rock mechanics research improving mining
Your Oct 17th editorial presents an opportunity for comment. The mining industry operators have understood, for some time, the need to “involve rock mechanics engineers in the mine design process.” A …
Noranda’s earnings get big boost from minerals
Strong markets during the normally slack summer period are reflected in a healthy Noranda Inc. (TSE) balance sheet to the end of September. The resources giant recorded third-quarter net earnings of $…
Spot prices at a glance (November 07, 1988)
Week’s Price (US) Change Gold (per oz) $412.50 + $ 5.00 Silver (per oz) $ 6.35 + $ 0.10 Platinum (per oz) $573.00 + $34.00 Copper (per lb) $ 1.53 + $ 0.04 Lea…
Golden Rule drilling intersects high grade at Weedy Lake project
Recent drilling on Golden Rule Resources’ (TSE) Weedy Lake property located in the La Ronge belt of northern Saskatchewan has returned more high grade gold intersections. Two holes were drilled to tes…
Zinc refuses to be left behind
While attention has been focused on the price of copper of late, another base metal has been showing its strength. Zinc is on the move after a summer lull, the spot price of the metal recently hitting…
Aur buys property
Aur Resources (TSE) has acquired a base metals prospect from Abbey Exploration (TSE). The 12-claim property, known as the Lugold, is located near Val d’Or, Que. Aur purchased the 100% interest for $12…
Metal Prices (November 07, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Nov 1 Oct 31 Oct 28 Oct 27 Oct 26 Copper 1844-18…
Montreal Exchange Lull in the action
The wind seems to have gone out of the sails of the ME, with both the general market portfolio index and the mining and minerals index experiencing downturns. In the case of the latter, the index was …
PDAC seeks new members
A membership drive is under way by the Prospectors and Developers Association of Canada (PDAC). Established in 1932, the PDAC currently boasts an individual and corporate membership of more than 4,200…
Corona hunting for diamonds
Corona Corp. (TSE), better known for its gold production, is getting into the diamond game. Corona has acquired an option giving it the right to earn a 70% interest in a 35,000-acre property held by C…
New coal company
A reorganization and amalgamation of Manitoba and Saskatchewan Coal (1984) and Bienfait Coal has resulted in the formation of a new company, Estevan Coal Corp. Headquarters of the new company will be …