Research focuses on alternate backfill methods
Ontario’s mining industry is currently involved in eight backfill test projects directed at finding safe and cost-effective alternatives to widely used methods of backfill. The testing is being done u…
News
Prospectors criticize tax reform
Proposed tax reform by federal finance minister Michael Wilson which would see the elimination of flow-through funding at the end of 1989 is a “serious over-reaction,” says the Prospectors and Develop…
Mtn. West/Homestake joint venture amended (January 11, 1988)
Changes have been made to a joint venture agreement between Mountain West Resources and Homestake Mining on the Elkhorn gold property located 22 miles south of Helena, Mont. Under the original January…
Toronto Stock Exchange New Year ushered in with three-day rally
The New Year is being ushered in with a three-day rally which has added more than 103 pts to the tse composite index. Today, the index picked up 25.29 pts to close at 3,263.3 pts. Market players are k…
Discovery West ponders Colomac Lake decision
A spokesperson for Johnsby Mines says the company has not decided yet whether it will put up 40% of the financing required to bring the Johnsby Colomac Lake gold property to production. A joint ventur…
Westmin to drill with Eastmain and MSV
A 12,500-ft drilling contract has been let by Westmin Resources which will test several targets on the Westmain project shared with partner Eastmain Resources in Quebec. MSV Resources, which can earn …
Rio bids to buy mine it forfeited 14 months ago
A letter of intent to purchase the East Kemptville tin mine in Nova Scotia from the banking group which provided the original financing for the project has been signed by Rio Algom of Toronto. The tin…
Muscocho, partners encounter exciting underground results
Some of the best results to date, are coming from underground exploration work on the Magnacon gold property held by Muscocho Explorations (25%), Flanagan McAdam Resources (50%) and Windarra Minerals …
Correction (January 11, 1988)
Drilling commissioned by Tamavack Resources and International Maple Leaf Resource Corp. on a Moss Twp. property in northwestern Ontario intersected 4.9 ft assaying 1.6 oz gold per ton. Incorrect core …
Goldpost leases Idaho gold bet
A well-financed tse listing which is currently developing a gold deposit in Ontario’s Hislop area, Goldpost Resources has now acquired a long-term lease on a former gold producing property in Idaho. T…
Metal Prices (January 11, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Jan. 5 Jan. 4 Jan. 1 Dec. 31 Dec. 30 Copper 1576-1580 1655-1660 N/A 1695-1705 1696-1700 Lead …
Analyst offers 3 reasons for nickel, copper prices
The current price of copper, in the $1.40(US) per lb range, is the highest it has been since early in 1980, while nickel, which in December breached the $3-per-lb level, is now riding in the $4.10-$4….