Quebec mining group raises $23.4 million
Quebec-based Groupe Minier O, comprising seven junior mining exploration companies, raised slightly more than $23.4 million in 1987 for its various exploration projects. Bulk of the funding came from …
News
Montreal Exchange Audrey discoveries
Announcing the discovery of two promising massive sulphide lenses near its polymetallic Mobrun mine, which went into production during the latter half of 1987 in the Rouyn- Noranda area of Quebec, was…
Ameritex and Cogema in Burntbush program
Ameritex Resources and joint- venture partner Cogema Canada are planning an $815,000 exploration program at the Burntbush River project in Noseworthy and Hoblitzell twps. in northeastern Ontario, Amer…
Silverside acquires 105 mining claims
Recently announcing the acquisition by staking of 105 mining claims in three separate groups in the Confederation-Uchi Lakes area of northwestern Ontario was Silverside Resources of Toronto. One of th…
Seville moving modular mill from Nevada to Lumby, B.C.
Vancouver-listed Golden Seville Resources this week announced it plans to move a gold ore processing mill from Fallen, Nev., to the Lumby gold property in south-central British Columbia pending comple…
News in Brief (February 01, 1988)
Champagne Resources has changed its name to Pass Lake Resources Ltd. (plj:vse) on a 1-new-for-2-old share basis. A cease trading order issued Jan 10, 1986 remains in effect.
Yukon gold show
The Klondike Placer Miners Association, along with the Dawson City Chamber of Commerce, is sponsoring a Gold Show in Dawson City, Yukon, on May 27-28. The Association says the event will be a comprehe…
The 1987 Coal Review OBED
The Obed mine, in west-central Alberta, enjoyed its best year ever, selling just under one million tonnes of thermal coal. However, the mine is still producing at only one-third of its 3-million-tonne…
Correction (February 01, 1988)
Reserves at Energex Resources’ Al property in the Toodoggone area of British Columbia have been increased to 1.9 million tons grading 0.157 oz gold per ton in the combined drill-proven, probable and p…
Editor’s note CHANGING CLIMATE
Ever since the recession of 1981/82, the phrase “lean and mean” has been bandied about by managers like an incantation against evil spirits. And if the mine managers weren’t working at becoming lean a…
Letters to the Editor Executives have not departed Royex
With respect to the article on Dolphin Explorations in your Jan 18 issue, I feel obliged to point out, somewhat along the lines of Mark Twain’s comment, that the suggestion that Robert McCallum and To…
The 1987 Coal Review DEVCO
The Cape Breton Development Corp. (DEVCO), a federal Crown corporation created in 1967, is eastern Canada’s major coal producer. DEVCO operates three submarine coal mines, including the new Phalen Col…