Royal Oak working on Maylac property
A dewatering program is under way at the Maylac property held by Royal Oak Resources. Located three miles north of Geraldton, Ont., the Maylac mine saw limited production in 1958 producing 1,520 tons …
News
Handbook appeals for updated maps 1987-88 edition
The staff of the Canadian Mines Handbook is currently in the process of updating old maps and compiling new maps for the 1987-88 edition, scheduled for publication in July. To ensure accuracy, holders…
High grade hit on Treminco bet
Underground drilling at Treminco Resources’ Tom property near Yellowknife, N.W.T., has intersected a previously unknown vein. An assay of 0.46 oz gold was reported over 8.4 ft from the new structure w…
Metals Report Moly’s fundamentals improving
Now don’t get me wrong. I’m not about to say that molybdenum is going to be a stellar performer for the rest of this decade. It’s not. But it could be starting on a slow but steady road to recovery. C…
Exploration starts for Verdstone Gold on B.C. prospect
Exploration work has started on the East Thurlow Island gold property of Verdstone Gold Corp., the company reports. The work on the property, some 40 miles northeast of Campbell River, B.C., will be c…
Dore/Orofino joint venture Vermillion Lake LD
Dore Exploration and Orofino Resources have entered into a joint venture on the latter’s 128-claim option in the Vermillion Lake project in the Mine Centre area of northwestern Ontario. The claims cov…
Bankeno Mines amalgamates with Bankeno Resources
The amalgamation of Bankeno Mines with its wholly-owned subsidiary Bankeno Resources has been approved by the board of directors of each company. The two companies are continuing as one amalgamated bu…
General News & Comment McGill, Polytech plan co-op course in
McGill University, Montreal and Ecole Polytechnique de Montreal, said to be Canada’s two oldest mining schools, are jointly developing a new bachelor’s degree program in mining engineering. In an anno…
La Fosse platinum find sparks staking in Quebec
Several important platinum discoveries have been made by the La Fosse Platinum Group in the Labrador Trough, a major geological feature better known for its immense iron ore reserves. Located along th…
COATS Trading Features (January 26, 1987)
Exploration work by Goldteck Mines on a gold prospect near Matachewan, Ont., is helping move the issue to the $1.85-$1.90 range. A trade at $2 was recorded during the week. Real Goldfields, which owns…
Canuc sells claims to Denison Mines
Uranium claims held by Canuc Resources have been sold to Denison Mines. Located near Elliot Lake, Ont., the claims host reserves of almost 7 million lb of uranium oxide. Canuc says that it could recei…
Coxheath gets cash
A private placement of flow- through shares has been completed by Coxheath Gold Holdings. The company raised $1.3 million which will fund additional exploration on the Tangier gold property 50 miles n…