Duration and Locator in Sault joint venture
Toronto-listed Duration Mines has entered a 3-way joint venture with Locator Explorations, and a private company called Aurogin Resources to explore 86 claims in the Sault Ste. Marie, Ont., mining div…
News
Mining communities lobby for flow-through
Representatives of mining and assorted other industries in Kirkland Lake, Ont., are mad as hell and they’re not going to take it any more. What they’re mad at is the federal Finance Department’s plan …
Queries How the industry defines ore reserves
When mining companies are calculating their ore reserves before going into production I notice from reading The Northern Miner that reserves are determined in terms of possible, probable and proven or…
Drills start near Golden Patricia
Three John Sadowski companies, Michele Gold Mines, Master Resources & Development, and Massive Resources, all of Toronto, plan to start drilling on ground five km southeast of the Golden Patricia mine…
Armistice tries to copy Kerr mine next door
A 2-3-year shaft-sinking and drilling program is under way here on a gold property optioned by Armistice Resources to determine the existence of ore deposits similar to those on the neighboring Kerr A…
Toronto Stock Exchange Stable golds and buying firm markets
A much-needed spate of buying during the end of our review week has added more than 60 pts to the tse composite index, which is back over the 3,000-point mark. After being pummeled by several days of …
Villeneuve funds for several bets
Villeneuve Resources has arranged share financings which netted $760,000. The cash will fund exploration programs on properties in Ontario, Quebec and Nevada. In the Mishibishu area west of Wawa, Ont….
Bull market over for copper?
Has the bubble burst for copper, or is the bull market for the base metal experiencing a temporary lapse? Reaching a spot price on the New York Commodity Exchange of $1.46(US) per lb at the end of las…
Goldteck drills high grade
Several encouraging assays have been received by Goldteck Mines from the company’s Stairs property, west of Matachewan, Ont. In the G-9 zone, located 2,000 ft east of the shaft, drilling intersected a…
Marshall earmarks $7m. for Timmins projects
In a bid to increase reserves at three of its Timmins area properties, Toronto-based Marshall Minerals has entered a number of agreements which call for some $7 million to be spent on exploration. In …
Metal Prices FUTURES PRICES (February 15, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb 102.00 99.50 102.00 + 3.50 Mar 98.40 95…
Theresa zone yields results for Duration and Locator
Underground sampling at the Theresa gold property has yielded encouraging results, equal partners Duration Mines and Locator Ex plorations say. Located near Long lac, Ont., the Theresa mine’s undergro…