News in Brief (September 07, 1987)
Calgary-based Morrison Minerals reports revenues of $2,258,787 for the 6-month period ended June 30, for a net income of $297,407 or 5 cents per share. As of April 1, these figures include the consol…
News
Abitibi optimistic on a mining plan
Abitibi Metal Mines, a small, Montreal-listed junior (not to be confused with Abitibi Resources), is very optimistic about mining 500,000 tons of what it calls probable ore, on a 6-claim property nort…
PRODUCER PRICES (September 07, 1987)
ALUMINUM: MW U.S. Market 82.50 cents -85.00 cents per lb. (Aug 27, 1987). ANTIMONY: New York dealer $1.10-$1.15 per lb. (Aug 13, 1987). BISMUTH: New York dealer $4.75-$5.00 per lb. (Aug 20, 1987). CAD…
Canamax results encourage south of Kremzar project
Drilling by Canamax Resources on its large land holdings adjacent to the company’s developing Kremzar gold mine, is yielding strong results. The Kremzar mine and surrounding properties are located nea…
Vancouver Stock Exchange Central Crude among big movers
Perhaps being a few thousand miles away from its east-coast stock market counterparts, where jittery investors seem to be behind much of the current volatility, can be advantageous for the Vancouver e…
Duration expands dewatering at Theresa
Initial results from an underground program at the Theresa mine project near Geraldton, Ont., are encouraging, Duration Mines president David Rogers says. Duration and Locator Explorations are equal p…
Environment an issue in Ontario election campaign
In the second of a 2-part article, The Northern Miner looks at issues affecting northern Ontario in the current provincial election. While freer trade with the U.S. and state-owned auto insurance are …
Pilot plant test by Giant Bay
Killer bugs have successfully broken down refractory gold ores north of the 60th Parallel. These aggressive little microbes attack in waves and the attrition rate is almost 100%, unheard of in convent…
Nuinsco results
In the six-month period ending June 30, Nuinsco Resources reports an increase in working capital of $58,397. Cash on hand now totals almost $250,000. The company holds a 83% interest in the Cameron La…
Phelps Dodge exploring deposit
The largest producer of copper in the United States, Phelps Dodge, reports it is exploring a potentially significant copper deposit near Brisbee, Ariz. The copper mineralization lies north of the aban…
Lenora confident on Box mine, finding PGMs on adjoining bets
After a 17-year career with Cominco, which ended in frustration four years ago, Dr Ian Mason is excited about doing geology again. He’s onto something, here on the north shore of Lake Athabaska. But i…
Obituaries Dorothy Jan Petch
Dorothy Jan Petch, who for 25 years was involved with placer platinum and gold mining on the Tulameen River, upstream from Princeton, B.C., has died at age 86. She was known as “The Platinum Queen of …