People (July 18, 1988)
Sherritt Gordon Ltd. — Derek Mather and M. Norman Anderson appointed directors.
News
PDAC planning seminars on mine finding, financing
Need to know more about the finding, development and financing of mines in Canada? The Prospectors and Developers Association of Canada is aiming to fill the gaps in knowledge on these subjects, throu…
Northern Mining has 81 claims in Dunlop Bay area
Ownership of 81 claims (about 3,120 acres) in the Dunlop Bay area of Matagami Lake in northwestern Quebec is reported by Northern Mining Explorations (ME). Since 1985, numerous gold indications have b…
Underground drilling at Armistice bet
Shaft rehabilitation to the 1,250-ft level at gold property in the Kirkland Lake, Ont., area has been completed and underground drilling has been started, Armistice Resources (ME) reports. Armistice p…
Toronto Stock Exchange Volume wilts as summer doldrums take hold
Rising interest rates have put a lid on the summer rally — at least for the time being. Combined with summer holidays and investor concerns over inflation and the economy in general, our review week …
Underground program near at Thunderwood prospect
Toronto-based International Thunderwood Explorations (VSE) reported a small operating loss of $9,024 during the 6-month period ended April 30. But with a first-half working capital position of $900,00…
Mark V finds high grade gold in Bagdad mine’s South vein
With underground exploration still in progress at Mark V Petroleums and Mines (VSE) Bagdad gold mine near Philipsburg, Mont., the company says it is still encountering high grade mineralization on the…
Prime buys U.S. Grant, brings in Bethlehem
Spreading its tentacles into Montana, Prime Capital has acquired control of U.S. Grant Gold Mining and the U.S. Grant property near Virginia City. Prime and a Vancouver junior, Bethlehem Resources, (V…
Trail smelter problem
A problem at one of Cominco Ltd.’s zinc roasters at Trail, B.C., has resulted in a mechanical breakdown. The failure will put the roaster out of service for about a week, resulting in the loss of 2,00…
Vista expects to increase Bootleg bet gold reserves
An underground exploration program at Vista Mines’ (TSE) Rio gold deposit near Creighton, Sask., is producing some encouraging results, the company said recently. The Rio is one of two gold zones (the…
Subdued year forecast for silver
A recent rally pushed the price of silver over $7(US) per oz, but the precious metal will be hard pressed to maintain that price level this year, writes the London metals research unit of the internat…
Placer, MSV continue drilling on B zone at Eastmain project
More encouraging drilling results have been announced from the B zone of the Eastmain gold project in northern Quebec by partners Placer Dome (TSE) and MSV Resources (ME). The current drilling is a co…