Feasibility study for McDonald project
A final feasibility study will examine the McDonald gold deposit near Lincoln, Mont. Canyon Resources (NASDAQ) has a 27.75% interest in the joint venture, which is operated by senior partner and major…
Articles by Northern Miner Staff
Amax continues work on Coral Gold claims
A unit of Amax Gold (NYSE) will carry out a third phase of exploration on the Robertson gold project in Nevada’s Crescent Valley. Amax has one more year to explore the property and complete a bankable…
Trio drilling Carlin claims
Several deep structures will be tested in the first phase of drilling on Trio Gold’s (ASE) Rodeo Creek property on the northern portion of the Carlin Trend in Nevada. The initial holes will be drilled…
India lures exploration firms
Over the past few years, India has undertaken some radical economic changes to liberalize its economy so as to make it more market-responsive. These changes were initiated in the central government’s …
Gateway plans an amalgamation
Toronto-based junior Gateway Uranium Mines (CDN) plans to amalgamate with a newly incorporated company, as yet unnamed, and simultaneously exchange shares with American Gold Resources, a private U.S. …
STOCK MARKETS — Market indexes on rise while gold price
Investors continue to register confidence in the equity issues as witnessed by the high-level closings of the major market indexes in Toronto and New York. The Toronto Stock Exchange 300 composite ind…
Temisca makes Belroche offer
An offer from Ressources Temisca (ME) to buy between 51% and all of the issued shares of Gestion Belroche will be voted on by Belroche shareholders on Aug. 30. Belroche’s assets include a 20-million-t…
Inter-Rock closes rights offering
A rights offering of common shares and warrants has been completed by Inter-Rock Gold (ME). The company received proceeds of about $725,000 after related expenses and fees. Under the offering, each sh…
Southwestern to drill at Jessup
A 5,000-ft. program is about to begin at the Jessup property of Southwestern Gold (VSE). The property, 75 miles northeast of Reno, Nev., contains seven separate gold zones and numerous gold occurrence…
Amalgamation proposed for Dickenson, Goldcorp
An amalgamation of gold producer Dickenson Mines (TSE) and its parent Goldcorp (TSE) has been proposed by the owner of Goldcorp, CSA Management. Goldcorp has a 69.3% equity interest in Dickenson, whic…
IMF gold holdings
The International Monetary Fund reported gold holdings of 103.4 million oz. as of April 30 this year, unchanged from one year ago. Goldrite Mining (GRQ: VSE) has changed its name to Consolidated Goldr…
Audrey to drift at Mobrun project
An exploration drift will be driven during the third quarter to allow for testing at depth by drilling of the 1100 lens at the Mobrun polymetallic project near Rouyn-Noranda, Que., Audrey Resources (T…