Continuous mining STRAIGHT AND DEEP
Late in March, a series of four blind holes to a depth of 2,000 ft were drilled at Inco’s Crean Hill mine by Underwater Gas Developers. In a departure from normal practice, Underwater Gas used oil fie…
News
Noranda to reopen Gaspe copper mine
The big Gaspe copper mine of Noranda Inc. at Murdochville, Que., which was closed following a disastrous fire April 1, 1987, in which 56 underground miners miraculously escaped, is to be reopened. The…
Westmin to expand petroleum sector
In terms of capital expenditures, the petroleum division of Westmin Resources (tse)has generally been its largest spender. Not that this should come as any surprise because the division has also tende…
Teck earnings up (May 02, 1988)
For the quarter ended March 31, Teck Corp. (TSE) reported net earnings of $14.5 million or 18 cents per share compared to $6.7 million or 6 cents a year earlier. Six-month earnings ending the same d…
Galactic finances Ridgeway project
Vancouver-based Galactic Resources (TSE) and partner BP Minerals America have successfully negotiated a $56-million(US) gold loan to finance construction of the Ridgeway gold mine, at Ridgeway, S.C. T…
Dutch Creek core returns gold values
Some encouraging gold intersections have been returned from Dutch Creek Resources’ (VSE) Wisconsin property near Nelson, B.C. The company says that recent exploration work “encountered at depth the wi…
MSV, Placer pull rich core sample
Results from a drill hole on the Eastmain gold project in northern Quebec have management at MSV Resources (ME) and Placer Dome (TSE) smiling. Assays from hole 332-45 over a 32.6-ft length revealed an…
Hemlo buys into Windarra for Mishibishu-area play
Under two separate agreements Hemlo Gold Mines (TSE) has agreed to finance Windarra Minerals’ (VSE) participation in a major new gold project (N.M., March 21/88) near Wawa, Ont. Ultimately the pact co…
Cheni sets October date for start-up at Lawyers
A production start-up in late October has been announced by Cheni Gold Mines (TSE) for its Lawyers gold-silver property in the mountainous Toodoggone area of north-central British Columbia. President …
Rockford makes bid for outstanding Tyranex shares
Rockford Minerals (TSE), a Toronto-based exploration company with interests in the Larder Lake, Ont., area, is making a takeover bid for Tyranex Gold (COATS), the company said recently. Rockford said …
CROSS-CUTS Going it alone in the Yukon
Do you have the driving ambition to start your own little gold mine but lack the wherewithal to pull it off? There is help for you in the form of a paper entitled A Study into the Feasibility of Small…
Minnova awards feasibility study
The feasibility study for Minnova Inc.’s (TSE) Samatosum project, which includes joint venture partner Rea Gold Corp. (VSE), has been awarded to Kilborn Engineering of Vancouver. The study will determ…