Drilling started at Dubuisson bet
An $800,000 exploration program has been started on gold property in Dubuisson Twp. in northwestern Quebec, the president of Goldstack Resources, Herve Drolet, reports. The drilling is being undertake…
News
Books (July 27, 1987)
The Fifth International Wollaston Basin Symposium Proceedings edited by C.G. Carlson and J.E. Christopher. Contains 25 full length papers and 4 abstracts. Softbound $43.50(C) ISBN 0-921547-17-X; Har…
Lac earnings improve on higher prices and output
A combination of stronger gold prices and increased gold production has enabled Lac Minerals to chalk up an impressive quarter. For the second quarter ended June 30, the company realized total earning…
Cominco steps up pace of property evaluation
Turning a supertanker around in a narrow channel is tricky business. Sometimes you have to come to a full halt to change direction, an analogy that probably applied to Cominco before it was taken over…
Jascan to drill Cobalt silver bet
Some encouraging results have been received from Toronto-based Jascan Resources’ underground exploration program at its 70%- owned Pansilver joint venture project in Cobalt, Ont. According to Presiden…
Northumberland confident N.B. mine will be approved
Geologist William Young is confident his company, Northumberland Mines will give New Brunswick its first, albeit small, full- fledged precious metals mine within a year. The provincial government has …
Nevada Goldfields opens new mill
Its Kingston mill having been commissioned in March, Vancouver-based Nevada Goldfields shipped about 1,100 oz gold during that month, the company reports. Nevada Goldfield’s new mill is a 500-ton-per-…
General News and Comments Female professionals do best in Nova
Women still make up less than one per cent of the workforce in the Nova Scotia mining industry, although they are slowly becoming more involved, Cape Breton Development Corp. coal geologist Heather Ma…
Editorial Free trade deal runs treacherous waters
Evidently believing he sees the writing on the wall, federal Liberal leader John Turner calls on the Canadian government under Prime Minister Brian Mulroney to quit the free trade talks with the U.S.,…
METAL MARKETS Base metals to pump industry profits
Base metal prices will on average be some 25% higher next year than in 1986, boosting mining industry profits substantially in North America, the latest Metals Analysis and Outlook publication from Lo…
Ontex acquires Ontario leases
Ontex Resources has reached an agreement with Cherbourg Gold Mines to acquire its 10% net profits interest in 15 mining leases in Irwin Twp., Ont., which abut the Brookbank property on the west. The t…
PRODUCER PRICES (July 20, 1987)
ALUMINUM: MW U.S. Market 72.50 cents -74.00 cents per lb. (July 1, 1987). ANTIMONY: New York dealer $1.15-$1.20 per lb. (June 25, 1987). BISMUTH: New York dealer $3.25-$3.40 per lb. (June 25, 1987). C…