Spot prices at a glance (May 02, 1988)
Week’s Price (US) Change Gold (per oz) $449.10 — $ 8.90 Silver (per oz) $ 6.37 — $ 0.10 Platinum (per oz) $518.50 — $16.50 Copper (per lb) $ 0.97 — $ 0.03…
News
What’s new Clarification
In our January issue we announced that Wagner Mining Equipment of Portland, Ore., is marketing an electrical-powered scoop equipped with a 1/2-cu-yd bucket and a diesel-powered scoop of the same size….
Managing THE LIMITATIONS OF COMPUTERS
“First get it through your head that computers are big, expensive, fast, dumb adding-machine-typewriters. Then realize that most of the computer technicians that you’re likely to meet or hire are comp…
SMDC and partners Ramp planned at Fork Lakes
The Fork Lakes joint venture has decided to proceed with a $6-million underground exploration program on the Fork Lakes gold property about 80 miles northeast of La Ronge in northern Saskatchewan. Par…
City announces price of purchase warrants
Vancouver-based City Resources (VSE) said recently that a previously announced modification of the exercise price of the company’s common share purchase warrants became effective April 19. The exercis…
Innovations MONEY-SAVING ROAST
With 60 pieces of heavy mobile equipment and more than 200 pieces of plant machinery at Luscar Sterco’s Coal Valley mine, near Edson, Alta., preventive/ predictive maintenance is an obvious priority. …
Shaft sinking proceeding at Tundra deposit
Sinking of a 1,500-ft shaft on the Tundra gold deposit in the Northwest Territories is expected to be complete by the end of 1988 says a spokesman for Getty Resources (TSE). The shaft was collared ear…
Equity planning Yukon exploration
Moving aggressively to increase its exploration exposure away from its mining operation at Houston, B.C., Equity Silver Mines (tse) has approved a budget of $725,000 for its Ram precious metals proper…
Timmins to host 2-day symposium on heap leaching
A technical symposium on heap leaching of gold, with special emphasis on applications in Canada, will be held May 24-26 at the Senator Hotel in Timmins, Ont. Organized by the Resource Technology Centr…
Core Shack COURAGEOUS LAKE GOLD
The Tundra deposit, in the Courageous Lake area of the Northwest Territories, has undiluted possible reserves of 26.4 million tons grading 0.18 oz gold per ton and is owned by both the project operato…
Continuous mining
TUNNEL-BORER Following more than a year of discussions and planning, Falconbridge Ltd., Placer Dome and Boretec Inc. may be on the verge of launching a proposed $2-million venture to design and build …
Record Mint year
Sales of the Maple Leaf gold coin in 1987 totalled more than 1.4 million oz, or 40% of all gold mined in Canada last year, the Royal Canadian Mint reports. The Mint says the Maple Leaf coin, on a worl…