Cobalt price leaps
The price of cobalt, which has been tumbling since the beginning of the year when it was about $11(US) a pound, climbed to their its highest price since June when it topped $7 this week. Production in…
1986
Joint venture in B.C.
Goldcap Inc. has entered into a joint venture agreement with Noranda Exploration which will see Noranda perform exploration work on the Tommy Jack property near Prince George, B.C. Goldcap, which has …
Editorial Ontario’s mines safer
It costs mining companies a bundle funnelling money into Ontario’s Workers Compensation Board, but it’s a social cost that, like motherhood, has its own imperative of need and necessity. The board, …
New gold zone at B.Y.G. bet
A new gold zone has been discovered on B.Y.G. Natural Resources’ Mt. Nansen property 37 miles west of Carmacks, Yukon. The property is 100% owned by the company and is under option to Chevron Minerals…
Editorial Gold mining boom is a godsend
Gold mining is now the brightest, most profitable and fastest growin g segment of the North American mining industry. And the price of the metal, which has been unusually strong in recent weeks, still…
Excellent progress at Lac’s Bousquet
With eight surface drills working on the eastern section of Lac Minerals’ Bousquet gold mine near Noranda Que., the activity level is not only high but it is also generating good results. A total of 1…
Echo Bay acquiring three more gold mines
Consolidated gold production for Echo Bay Mines will reach a record 480,000 oz per year by 1987 following the acquistion by the company of three producing mines owned by Tenneco Inc. Located in Nevada…
Sullivan resumes Goldstack drilling
Good results are being reported from drilling on Goldstack Resources’ Dubuisson Twp. property with funds provided by Sullivan Mines. Hole 86-18 has returned a 41 ft intersection from 908.5 ft to 949.5…
News in Brief (September 15, 1986)
Abermin Corp. says it has an agreement for the private placement of 1,092,076 shares, at $1.27 per share, subject to regulatory approval.
U.S. consuming less iron ore
U.S. iron ore consumption dropped more than 11% in June from the previous month and nearly 13% from the same month a year ago, the American Iron Ore Association reports. Consumption totalled 4.7 milli…
Australia may resume uranium sales to France
The Australian federal government plans to resume uranium exports to France, according to a budget speech delivered in August. “The government put economic rationality ahead of factional passion by de…
Bruneau plans drill program in Estrades Twp.
Out to earn a stake in an Estrades Twp., Que., property, Bruneau Mining Corp. says it will immediately carry out a program of detailed geophysical surveys on the property. A drill program based on res…