METAL MARKETS Metal snips
Sales of Australia’s new Nugget series of gold coins has already exceeded expectation. It was anticipated 130,000 oz would be sold by June 30 of this year, but sales to date have surpassed 155,000 oz….
News
Production called for at Cheni’s Lawyers bet
The preliminary prospectus of Cheni Gold Mines outlines in considerable detail its plans for the Lawyers property north of Smithers, B.C. (N.M., April 13/87). A report by Wright Engineers recommends t…
First gold pour at Nickel Plate (May 04, 1987)
The first gold bar has been poured at Mascot Gold Mines’s Nickel Plate mine near Hedley, B.C. The Nickel Plate project was originally forecast to start in July of this year at a cost of $68.7 million….
Mining vacancies
Job vacancies for engineers, accountants, scientists and other professionals increased 8% during the last three months, but decreased 11% during the last year, according to a Technical Service Council…
Carlson gets gold on Hemlo property
A drill program completed by Black Gregor Explorations in the Hemlo area has yielded several gold values, the option partner Carlson Mines says. Gold was assayed in five of the eight holes completed. …
Noranda profit $1 a share foreseen by firm’s chairman
Noranda Inc. should make something better than $1 a share in the balance of this year, Chairman Alfred Powis said following the company’s annual meeting. He told shareholders at the meeting that in th…
Tungsten prices hurt company
Affected by steep falls in sales prices for tungsten in world markets, Canada Tungsten Mining reported a net loss of $17.2 million ($1.45 per share) in 1986, compared with a net loss in 1985 of $28.9 …
Editorial Prescription for a mineral policy
The following guest editorial is from George Miller, managing director, The Mining Association of Canada, Ottawa. The Honorable Gerald Merrithew, Minister of State (Forestry and Mines), is expected …
Storimin pulls fine drill hole at Moss Twp.
A big width of ore grade material has been intersected in a rather exciting diamond drill hole put down by Storimin Exploration at its Moss Twp. gold property 70 miles west of Thunder Bay in northwest…
SMDC discovery at Oven Lake
Reconnaissance drilling, performed by the Saskatchewan Mining Development Corp. (SMDC), has resulted in a gold discovery on the Oven Lake property north of La Ronge, Sask. Other partners in the projec…
News-in-brief (May 04, 1987)
Three shallow holes have been completed so far on a joint-venture project involving Baroque Resources, Petromet Resources and Royex Gold Mining in the Casa Berardi area of Quebec. Some 72 split core s…
Letter to the Editor Asbestos ban criticized
The Asbestos Institute has demonstrated clearly beyond any reasonable doubt that the data and reasons supporting the Environmental Protection Agency’s (EPA) proposed ban on asbestos in the U.S., is ou…