A hole drilled while testing for electromagnetic anomalies on the Fox Stimson property, 70 km northeast of Timmins, Ont., has intersected three mineralized zones, reports Cross Lake Minerals (VSE). No…
A recalculation of minable reserves at the Goldstream mine near Revelstoke, B.C., has resulted in a 26% increase over estimates made last November. Bethlehem Resources (TSE) and Goldnev Resources (VSE…
Calgary-based Bre-X Minerals (ASE) has signed an agreement in principal to earn an 80% interest in an Indonesian gold project. The 57,571-hectare property contains three gold prospects, one of which r…
The federal government intends to sell half its 19.2% interest in Saskatchewan uranium producer Cameco (TSE) for $102.5 million. Five million shares will be sold to the public at $20.50 per share by a…
Colorado-based Cyprus Minerals (NYSE) has terminated its option on Noble Peak Resources’ (ASE) Crypto zinc property in Utah. Cyprus optioned the property in 1990 and carried out an exploration program…
The metal and mineral sub-index of the Bank of Nova Scotia’s commodity price index appears to be on a downward trend despite the recent surge in gold. The sub-index fell to a cyclical low in March and…
Cash-strapped Curragh (TSE) says its future depends on a $50-million investment from foreign companies. In a report submitted to an Ontario court earlier this month, Curragh said it is negotiating wit…
In Nevada, drilling on the Bruner property, owned by Miramar Mining (VSE), has returned encouraging intersections on the Duluth zone and on a previously identified zone southeast of the old Penelas mi…
Drilling on the Diavik project in the Lac de Gras area of the Northwest Territories has uncovered seven new kimberlite intrusions, reports Aber Resources (TSE). Although bad weather has hampered the e…
Following a successful exploration season at the Huckleberry property last year, Vancouver, B.C.-based New Canamin Resources has received a provincial award for successful reclamation of an exploratio…
The first Nova Scotia Mining Week is being staged this week under the theme “If it can’t be grown, it has to be mined.” Sponsors are the Chamber of Mineral Resources of Nova Scotia, the Mining Society…
A numbered Ontario company, which is a subsidiary of Laurasia Resources (TSE), has an option to earn a 50% interest in two mineral properties in Portugal from Empresa Mineira da Serra do Cercal S.A., …
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