A 3,700-metre winter drill program in the Foster Lake area of northern Saskatchewan has yielded significant zinc and copper values for Noranda Exploration, a division of Noranda (TSE). At Hewetson Lak…
A 6,000-ft. drill program is under way on the Bruneau gold property, 31 miles southeast of Matagami, Que., reports Aurizon Mines (TSE). Soquem, which is testing geophysical anomalies associated with t…
Recent financing arrangements have set the stage for Azco Mining (TSE) to bring the Sanchez operation into production in southeast Arizona. The copper project is one of three held by the company in th…
We knew (or rather, we hoped) something was afoot when share prices of Canada’s major and minor gold producers started moving up sharply in January. It is a generally accepted investing principle that…
Robert Bryce of Aur Resources (TSE) will discuss the Louvicourt project in northwestern Quebec at a May 28 luncheon of the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petroleu…
Geologist and British Columbia-based consultant James Bristow died recently at Kamloops, B.C. He was 62. After graduating from the University of British Columbia in 1957 with a degree in geology and p…
The sale of some gold mining assets is providing Cyprus Minerals (NYSE) with additional funds for capital programs aimed at reducing costs and expanding production. An 80% interest in the Golden Cross…
The recent spate of legal disputes over rights to concessions has not prevented junior companies from seeking to tie up ground in Venezuela’s Kilometer 88 district. Activity there is growing steadily,…
The Canadian exploration unit of a major U.S. company has stepped in to fill the shoes of Battle Mountain Canada on the Amalgamated Kirkland property near Kirkland Lake, Ont. Cyprus Canada, a unit of …
Glamis Gold (TSE) has entered into an agreement with Loewen, Ondaatje, McCutcheon to place 1,250,000 common shares at a price of US$8.625 per share for gross proceeds of $10.8 million. This sale is in…
Toronto-based Altai Resources (TSE) has entered a joint-venture agreement with Chimu Mining of Lima, Peru, covering property in the South American country. Alta has acquired an option to earn a 60% in…
A rights offering is being made to shareholders of Biron Bay Resources (ASE) entitling them to buy one unit in the company at 80 cents for every 10 rights held. Each unit consists of one common share …
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