Did not want to kill CANMET
Your editorial of Feb 9, “Where does CANMET go from here?” contains several innacuracies for which I would appreciate public correction. Firstly, I have never been commissioned to do a study of CANMET…
News
Sonora gold group getting major funds
Vancouver-based ABM Gold Corp. is raising major financing in the United States for the further financing of four closely associated listed Canadian companies within its fold — Sonora Gold Corp., Gold…
Nuinsco/ Seadrift active in Quebec
With a healthy funding package in place, activity is continuing at a brisk pace with seven drills in operation at the Aldermac and Lac Dufault prospects held in joint venture with Toronto-listed Nuins…
Funding increased
Toronto-based Canadian Lencourt Mines has completed a placement with NIM and Co., Ltd. Partnership — 1987 of 1,250,000 shares on a flow-through basis, netting the company $500,000, subject to regulat…
Too much on gold
As a subscriber of many years, I have always appreciated your newspaper for its wide coverage of the industry and the completeness of information on the Canadian mining scene. As an expatriate mining …
People (March 23, 1987)
Gold Institute — John H. Lutley appointed managing director.
Geddes goes for the gold in Windy Craggy program
The name Windy Craggy, given to a huge base metals area in a relatively remote part of northwestern B.C., may still be a name to conjure with. After more than six years of “unremitting effort” that ha…
Hot hole at the Goldstrike for Am. Barrick/ Fr.Nevada
A terrific hole, all in sulphide ore, of 620 ft grading 0.3 oz gold per ton has been pulled on the Goldstrike property in the Carlin gold belt area of Nevada by operator American Barrick Resources. Th…
Underground at Eastmain for Placer, MSV
Driving of a decline ramp at the Eastmain gold deposit in northern Quebec is expected to begin within one month, John Morganti, exploration manager-Eastern Canada with Placer Development tells The Nor…
High closure costs keep obsolete steel plants open
Although the average cost of closing a steel plant in the United States is down substantially from a few years ago, it is still high enough to keep several non-competitive plants in operation. And, th…
Mine rescue vehicles
Ontario’s ministry of northern development and mines is buying six mine rescue vehicles from a Timmins manufacturer, to augment the arsenal of six mine rescue stations across the province. The vehicle…
Hemlo gold helps Corona boost income
A net income of $593,000 (4 cents per share) has been reported by International Corona Resources for the three months ending Dec 31, compared with a net income of $387,000 (3 cents per share) for the…