Horne smelter gets acid plant
Canada’s second-largest source of acid rain, the 60-year-old copper smelter of Noranda Inc. in northwestern Quebec, is getting a new sulphuric acid plant. The plant, to help cut back on sulphur dioxid…
News
Freeport agreement to explore N.W.T.
An agreeement in principle has been reached among Freeport- McMoRan Gold Co., a subsidiary of Freeport-McMoRannex, and Aber Resources and Highwood Resources. The agreement concerns the Bugow property …
Fate of the old Lake Shore awaits results of drilling
It doesn’t take more than a flip through the pages of Kirkland Lake history to realize what a venerable position the Lake Shore mine held in that famous gold camp. One of the largest and richest mines…
Shareholder seeks greater representation
A minority shareholder was unsuccessful in a bid to have a seventh director named to the board of Citadel Gold Mines at the company’s annual meeting in Toronto. “We, as minority shareholders, are bein…
Tundra/Teck’s Lamaque mine records high gold values
There could be some life yet in Teck Corp.’s Lamaque mine property, a portion of which is being explored under a joint venture agreement with Tundra Gold Mines. High grade gold values, in almost all c…
Silvera encounters gold mineralization
Gold mineralization has been encountered during a drill program on its Wapiyao Lake property in the La Ronge gold belt area of Saskatchewan, reports Silvera Resources President Jan H. Schutze. A total…
Silver Standard reports strong cash position
Relative to its size, Cons. Silver Standard Mines has one of the largest inventories of mineral properties in the U.S. and Canada — some 30 in all. And 14 of these were explored last year under vario…
PRODUCER PRICES (March 30, 1987)
ALUMINUM: MW U.S. Market 62.50 cents -64.00 cents per lb. (Mar 5, 1987). ANTIMONY: New York dealer $1.10-$1.14 per lb. (Mar 12, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CADM…
Mountain Lk. gets low grade values
Low grade gold values are being encountered over a large area controlled by Mountain Lake Resources. Located near Kenora, Ont., the Mountain Lake ground, the company believes, has potential for hostin…
Funds in place
An arrangement to finance a $3-million exploration program during 1987 by placement of flow- through common shares to three funds has been announced by Wrightbar Mines. The funds involved are CMP 1987…
Toronto Stock Exchange Another madcap week with gold stealing the
The golds stole the show for yet another wild and woolly week on Bay Street. An amazing 445.55 pts was netted by the gold and silver index this week to close at an all time high of 7,888.71. With gain…
Editorial Mining has much at stake in trade agreement
The following is an excerpt from “Free Trade and the Mineral Industry in Canada,” a speech recently delivered by Debra P. Steger, a lawyer currently with McCarthy & McCarthy of Toronto. Security of …