Cache D’Or high grade
Several high grading intersections have been drilled by Cache D’Or Resources from the company’s property in Dubuisson Twp., Que. Of eight holes drilled, the best results came from hole 149 which cut 9…
News
Asarco expanding Mission complex
An expansion project at the Mission complex in Arizona that will increase copper mine production by about 27,000 tons per year has been announced by Asarco Inc. of New York. The project will cost $13….
Teck increasing stake in Newfields Minerals
A new deal between Teck Corp. and Newfields Minerals could see Teck raise its stake in the junior company to 12.7%. Under the deal, stockpiled ore taken from the Teck- Hughes property in Kirkland Lake…
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…
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…
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…
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…
Gold-backed Giscard bond poses problems for French
A bond issued almost 15 years ago which is backed by a large amount of gold and which carries a Jan 16 redemption date is causing problems for the French government. Six-and-a-half-million Giscard bon…
Montreal Exchange: Abitibi Metals popular
What looked to be a definite upturn in the market, with the gold price stepping however briefly over the $500(US)-per-oz hurdle and the me’s mining and minerals index experiencing daily gains of 33.6 …
Letters to the Editor Another vote for a Hall of Fame
As a son of a well-known prospector, I’m very concerned that we are losing a vital part of our mining heritage; our prospector. The prospector’s role in the industry today has changed dramatically sin…