Placer increases grass roots activity
Designed to increase its exposure to grass roots exploration, Placer Dome is participating in the formation of a new public company called QPX Minerals . According to Lawrie C Reinertson, senior vic…
News
Copper prices boost HudBay Ruttan
As the operator at one of Canada’s less successful copper mines, Hudson Bay Mining and Smelting, doesn’t like to be overly optimistic about the prospects for its latest acquisition. But with copper pr…
Cache D’Or high grade
Several high grading intersections have been drilled by Cache D’Or Resources from the company’s property in Dubuisson Twp., Que. Of eight holes drilled, the best results came from hole 149 which cut 9…
Asarco expanding Mission complex
An expansion project at the Mission complex in Arizona that will increase copper mine production by about 27,000 tons per year has been announced by Asarco Inc. of New York. The project will cost $13….
Teck increasing stake in Newfields Minerals
A new deal between Teck Corp. and Newfields Minerals could see Teck raise its stake in the junior company to 12.7%. Under the deal, stockpiled ore taken from the Teck- Hughes property in Kirkland Lake…
Editorial RATS, no firm commitment
There are an estimated 11,000 hectares of mine tailings in Canada, many leaking acidic water into the environment. The industry spends millions monitoring this very serious environmental problem and t…
COATS Trading Features (December 21, 1987)
Several new issues on the coats lists appear to be bucking the current downtrend. Strike Minerals, which was underwritten at 30 cents last month, was trading on good volume at 60 cents – 70 cents tod…
Nor-Acme, High River dewatering Snow Lake mine
Dewatering at the former producing Snow Lake gold mine in Manitoba has reached the 450-ft level, partners Nor-Acme Gold Mines and High River Resources say. The target depth is 1,780 ft, the lowest min…
Flagship claim option
A joint venture deal has been signed between Flagship Resources and Harroway Resources, a private company in Ontario. Harroway has the right to earn a 50% interest in Flagship’s 26-claim property in M…
Ontqario majors brace for tighter polution laws
In a bid to find more efficient ways to reduce sulphur dioxide emissions without increasing its operating costs, Toronto-based Inco Ltd. spent $105 million between 1980 and December 1986 on pollution …
Vista files prospectus
Vista Mines has filed an offering prospectus with the Toronto Stock Exchange. The underwriter is Davidson Partners. The issue will raise a maximum of $750,000 for Vista’s gold mine project near the Sa…
Timmins Report ERG moving on tailings
ERG Resources has picked up a $2.475-million building permit from the city of Timmins, Ont., for the construction of the shell of its new tailings treatment mill building on the property of Giant Yell…