Teeshin at Shoal Lake
Several surface gold anomalies have been identified by Teeshin Resources on the company’s Sherlock Point claim group near Shoal Lake, Ont. The claims are east of the St. Joe Canada property on which a…
News
Investment Comment Dickenson Mines good value says Davidson mining
If Pamour Inc. is going to cement its “friendly association” with Dickenson Mines by increasing its stake in the company, now is the time to do it, according to a Toronto-based brokerage firm. Pamour …
Denison, Greece sort out oil deal
The government of Greece plans to nationalize the oil and gas fields in the Aegean Sea held by an international consortium led by Denison Mines. In March the government said it would draft a bill allo…
Cassiar seeks govt help to develop McDame deposit
British Columbia’s asbestos producer, Cassiar Mining Corp., has decided to proceed with a $38.8-million development of its McDame deposit located near Cassiar, but is seeking government help to financ…
Charlim and Ormico buy Direct interest
Recently increasing their interest in the Goldex gold extension property located in Dubuisson Twp. about six km from Val d’Or, Que., were Ormico Exploration and Charlim Explorations. The two companies…
Sandhurst closes deal to buy Queenstake block
An Australian placer gold mining concern, Sandhurst Mining has closed earlier plans to acquire approximately 20% each in two Vancouver-based companies, Queenstake Resources and Canadian United Mineral…
Partial dewatering by Cambior, Maufort
The first six levels of the former Siscoe gold mine in northwestern Quebec were dewatered during the recently completed first-phase of an exploration program being undertaken on the property by Cambio…
Expansion complete, Gordex set to pour 12,000 oz in ’88
Although the company poured its first gold bar in June, 1986, Gordex Minerals of Saint John, N.B., has had to find a technological fix to bring its small Cape Spencer gold mine officially into commerc…
Riverton options Belleterre property
Riverton Resources has acquired an option to earn 100% of Brosnor Exploration’s interest in the former producing Belleterre gold mine in Guillet Twp., Que. At the time of the mine’s closing in 1966, r…
Total Erickson may acquire additional Getty shares
Holding an 11.6% equity position already, Total Erickson Resources has not ruled out acquiring more stock in Vancouver-based Getty Resources. At present the company owns approximately 1,089,300 Getty …
New Quebec Mining Act to take effect in 1988
A new Mining Act for Quebec passed in June of this year, to help simplify administration of the mining law in the province, is scheduled to come into effect April 1, 1988. The Mining Act currently in …
Chinese exhibition
Mining China ’88, an international mining equipment exhibition, is being organized for Oct 4-9, 1988, at Beijing, China. Hosting the show will be the China Council for the Promotion of International T…