Maufort plans bulk sample
Construction of a ramp and extraction of a bulk sample of 30,000 tons is planned by Maufort Resources (ME) at the company’s Tiblemont property in northwestern Quebec. The company reports encouraging r…
News
Northgate buys 20% stake in Holmer Gold Mines Ltd.
Northgate Exploration of Toronto (TSE) has acquired 680,000 shares of Holmer Gold Mines Limited (ASE), which represents approximately 20% of the total shares outstanding for consideration of 60,000 No…
Metal Prices PRODUCER PRICES (April 18, 1988)
ALUMINUM: MW U.S. Market $1.11-$1.21 per lb. (Apr 7, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.70-$5.85 per lb. (Mar 24, 1988). CADMIUM: New York…
Metal mining tax peculiarities (1)
Oh, how we hate to pay taxes. Even so, some taxes make us angrier than others. Revolutionary changes took place in the taxation of the mining industry in Canada in 1973 and 1974 and the effects are st…
Flint Rock offering
A $106,000 flow-through offering consisting of 353,333 common shares at 30 cents per share has been completed by Flint Rock Mines (VSE). The company reports that drilling during 1987-1988 at the Shab…
Northgate takes gamble on Windy Craggy gold
After reaching into its deep pockets to buy a significant slice of two Canadian gold producers, Northgate Explorations (TSE) is taking a gamble on a promising exploration project in northwestern Briti…
Queenstake drilling Dos Cabezas project
Three gold- bearing quartz-sulphide veins will be tested by 6,000 ft of underground drilling at Queenstake Resources’ (VSE) Dos Cabezas project in southeastern Arizona. The main drilling target is bel…
Essay contest to be part of mining symposium
A 2-day international symposium on mine planning and equipment selection will be held Nov 3-4 in Calgary, Alta. The event is being organized by the surface mining laboratory at Devon, Alta., of the Ca…
Latest Northair drilling at Willa extends zones
Assays from a recent 16,320-ft underground drill program completed at Northair Mines’ (VSE) Willa property in southeastern British Columbia show two extensions to the West zone. Consistently good resu…
Orex listed on ME
Incorporated in 1987, the junior- mining firm Orex Exploration of Rouyn-Noranda, Que., was recently listed for trading on the Montreal Exchange (symbol OX). The company has interests in a number of pr…
Strong assays cut by Gemlo, Central
Strong gold assays have been received by Hemlo Gold Mines from the company’s Eagle River property held under option from Central Crude Ltd. Located in the Mishibishu Lake area west of Wawa, Ont., the …
Amalgamation spurs Placer growth
Three new mines now under development will increase Placer Dome’s (TSE) gold production 40% to more than one million oz a year, President John Walton notes in the annual report. Much has been achieved…