Galactic’s Summitville shuts down for winter
Pit operations and ore production at Galactic Resources, Summitville mine in the San Juan mountain range of Colorado have closed down for the winter, the company said recently. During November, the mi…
News
New look for Falconbridge
Heading in 1988 into its 60th year of life, Falconbridge Ltd has taken on a new look just over the past year or so. It’s a new look that’s been structured largely by Chairman William James, chief arch…
Roman named officer of Order of Canada
The chairman of Denison Mines, Stephen Roman, has been named an officer of the Order of Canada by Governor- General Jeanne Sauve. Roman, a resident of Unionville, Ont., was one of 22 officers, 43 memb…
Cove doubles Echo Bay’s reserves
Luck is a valuable asset in the mining business. And Echo Bay Mines of Edmonton got a liberal dose of it in 1987. When Chairman Robert Calman and President John Zigarlick struck a $130-million deal wi…
Corona acquiring one-third interest in Prime Capital
An agreement has been worked out between Toronto-based International Corona Resources and Prime Capital Corp. of Vancouver whereby Corona will acquire an approximate one-third interest in the latter. …
News in Brief (January 04, 1988)
Streamside Resources has changed its name to Ring Sights Worldwide Inc. (rsw:ase) on a 1-new-for- 5-old share basis.
CIM meetings in ’88
The following are meetings to be held this year by the Canadian Institute of Mining and Metallurgy (cim): Jan 19-21, Ottawa, 20th annual operators conference of the Canadian Mineral Processors divisio…
Platinum in oversupply: Shearson
The platinum market is in fundamental oversupply and is set to stay that way, Shearson Lehman Brothers reports in its Annual Review of the World Platinum Industry 1987. Although demand for industrial,…
Vauquelin completes 49th drilling hole
The 49th hole of an on-going drilling program on gold property in Vauquelin Twp. in the Val d’Or, Que., area was recently completed, Vauquelin Mines reports. Among the better results to date are the f…
Jonpol joint venture shows good values
A joint venture consisting of Jonpol Explorations, T & H Resources and Vancouver- based Coastoro Resources recently encountered some impressive gold values on their Garrison, Twp. property near Kirkla…
Metal Prices FUTURES PRICES (January 04, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan 140.00 138.00 136.35 — Mar 123.40 121.90 123.00 + 5.10 May 106.1…
Results encouraging from Reliant drilling
Three gold prospects in the Western United States were targets for drilling programs by Reliant Resources and Newhawk Gold Mines this season. Reliant has an option from Nord Resource Corp. to earn a 7…