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…
News
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…
Electra/Minerex start Nevada heap leach mine
Two more Vancouver companies have joined the list of heap leach gold producers in Nevada. Joint venture partners Electra North West Resources and Minerex Resources started gold pours in late October a…
Nuinsco deals base metal properties to Seadrift
In a bid to become a Canadian gold producer within 12 months, Nuinsco Resources has dealt some of its base metal properties to Seadrift International in exchange for a larger slice of the Cameron Lake…
Mining consultants views mixed on free trade
As the contents of the Canada/ U.S. Free Trade agreement continue to unfold, it’s clear that greater cross-border access will be offered to Canadian mineral producers. But the agreement may also provi…
Perron Gold raises exploration funds
An exploration agreement has been entered into between Perron Gold Mines and emq (1987) Exploration and Co. Ltd. Partnership whereby Perron will receive $1.05 million in return for 350,000 flow- throu…
Hemlo decision imminent says Lac
As this issue of The Northern Miner went to press, Lac Minerals said it had been informed that the Supreme Court of Canada was to give its decision Dec 17 on Lac’s application to appeal an Ontario Cou…
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…
Eureka extends zone
A reverse circulation drill program completed by Eureka Resources has confirmed the extension of the Jay zone over a strike length of 750 m. The property is located near Williams Lake, B.C. Over the s…
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 …