Imperial puts Esso Minerals assets on sale
Imperial Oil has announced plans to sell Esso Minerals Canada so it can concentrate corporate resources on the energy related, petroleum product and chemical businesses. Esso would prefer to sell its …
News
McKinnon, Larche to be questioned at Lac hearing
Prospectors Donald McKinnon and John Larche are scheduled to appear at an Ontario Supreme Court hearing in which Lac Minerals (TSE) is trying to get a retrial of its court case with Corona Corp. (TSE)…
Varna encouraged by Newfoundland values
Calgary-based Varna Gold (ASE) says it has encountered some encouraging gold values at its wholly- owned Mings Bight property on Newfoundland’s Baie Verte Peninsula. Following a program which included…
Teck to mine Comet-Davenport
Teck Corp. (TSE) plans to mine the Comet- Davenport property near its Afton copper mine at Kamloops, B.C. Three Vancouver-listed companies: Comet Industries, Davenport Industries and Initial Develope…
Books Mining Review
The 1988 edition of the Mining Annual Review is now available. This internationally known and respected publication offers information on metals and minerals, technical progress reports on mineral exp…
Stan West pours gold at McCabe in Arizona
First gold has been poured at Stan West Mining’s (TSE) McCabe mine, a former producer three miles west of Humboldt, Ariz. A study by the consulting firm of Derry, Michener, Booth and Wahl indicates th…
Canada Tungsten ups position in Minerex
By way of private placement, Canada Tungsten Mining Corp. (TSE) has agreed to purchase additional shares and warrants of Minerex Resources (VSE) for $1.8 million. Upon completion of this transaction, …
New Zone Discovered on U.S. Borax Star Property
Two contiguous gold properties located in southeastern British Columbia are providing an exploration focus for Reymont Gold Mines (ASE), Lectus Developments (VSE) and Ryan Exploration, a subsidiary of…
Huntington drilling yields gold values at Brett project
Four more holes have been reported by Huntington Resources (VSE) from its Brett property near Vernon, B.C., the subject of an option agreement with Corona Corp. (TSE). All of the holes returned encour…
Spot prices at a glance (September 26, 1988)
Price (US) Change Gold (per oz) $401.60 -$20.30 Silver (per oz) $ 6.19 -$ 0.32 Platinum (per oz) $492.00 -$32.00 Copper (per lb) $ 1.11 -$ 0.02 Lead (per lb) $ 0.27 -$ 0.01 Zinc…
Correction (September 26, 1988)
Contrary to what was reported in The Northern Miner Sept 19, American Barrick Resources’ (TSE) new 4,500-ton-per-day Goldstrike mill will initially process ore from the high grade portion of some eigh…
Base-metal discoveries needed now: ministry
The search for new mineral deposits in Canada in recent years has favored gold to the exclusion of base metals, say a couple of officials with Energy, Mines and Resources Canada who think the “period …