CROSS-CUTS The royal shaft
Investors around the world have been renewing their love affair with gold during the past year, and Canadian gold stocks have all been performing exceptionally well as a result. In fact the market val…
News
THIRD TIME LUCKY
For a project that was viewed as a modest underground producer three years ago, Mascot Gold Mines’ Nickel Plate mine has certainly come a long way. Perched high above the town of Hedley in southeaster…
EDITOR’S NOTE More than gold
To the east and to the west, gold is revitalizing a moribund Canadian mining industry. In Nova Scotia earlier this year, Seabright Resources produced a gold bar from development muck at its Forest Hil…
ARTIFICIAL OPERATORS Who’s already automated
Many of Canada’s mills are small and old. With workforces of only two or three operators, there would be very little advantage in reducing operating costs through automation. So it seems safe to say t…
50 YEARS AGO JULY, 1937 SHERRITT EMPLOYS 350 AT START
With 300 men now engaged, and 50 or 60 more to be added, the Sherritt Gordon mine again becomes an important factor in the mining industry of the country. This property, out of production for five yea…
LAW Fees and negligence
Most agreements that contemplate a party acting as an operator to carry out exploration or other mining work financed by several parties permit the operator to charge against the project some of the o…
SUPER CONDUCTORS
Denison Mines of Toronto has found itself in a happy situation thanks to some new technology. An efficient extraction method called solvent extraction and a revolution in solid-state physics could boo…
Sea Gold funding
Consolidated Sea Gold Corp. reports that subject to regulatory approval, it has arranged a financing with ManKay Investments X Ltd. Partnership for $388,000 to be used for exploration work on Sea Gold…
Pioneer uncovers new Bonito zone
Some relatively high grade gold values have been reported from a breccia feeder system at Pioneer Metals’ Bonito property near Ruidoso, N.M. President Robert D. Willis confirms the system is “only one…
Canuc, Orofino joint venture to explore Coronation project
Canuc Resources and Orofino Resources have concluded a joint venture agreement to explore Canuc’s Coronation Gulf gold property in Northwest Territories. Under the agreement, Orofino can earn a 70% jo…
Noranda to produce from Isle Dieu mine in July ’88
Production from the rich Isle Dieu zinc deposit near Matagami, Que., is scheduled to begin by July, 1988. Discovered in late 1985 by Noranda Exploration, the Isle Dieu deposit hosts reserves of 2,064,…
Moneta deals for properties near Timmins
Moneta Porcupine Mines has purchased 92 claims near Timmins, Ont., from Labrador Mining and Exploration. A majority of the claims (49) are in Tisdale Twp. Others are scattered across Shaw, Mountjoy, D…