Drilling on the recently discovered Yellowjacket zone on the J&L property near Revelstoke, B.C., is returning consistently good results. Cheni Gold Mines (TSE) is funding the drilling program and can …
A fluorspar mine on Newfoundland’s south coast has been closed indefinitely because of poor market prices. The decision comes just weeks after the mine operator’s parent company, Minworth PLC of Engla…
In a deal potentially worth US$35 million, Canyon Resources (NASDAQ) recently granted Kennecott Corp. the right to earn a 51% interest in the Briggs property located in the Panamint Range of Californi…
Toronto-based Nahanni Mines (TSE) says ground geophysical surveys were completed last month on its South Pipestone gold prospect about 50 km northeast of Timmins, Ont. The survey work identified three…
As part of a plan to bring facilities and staff to areas of greatest public need, the Ontario Ministry of Northern Development and Mines is opening a new minerals development office in Elliot Lake, On…
Grizzly Creek Resources (VSE) has purchased an option on a 5-claim property adjacent to the New Buffonta gold deposit in Garrison Twp., Ont. The deposit, currently being mined by partners Perrex Resou…
Bankers who have already lent $90 million for construction of the Colomac gold mine must decide by the end of the month whether to put more money into the project. Otherwise operator NorthWest Gold (A…
No meaningful conductors were uncovered by a deep penetration geophysical survey on a portion of the Lamaque gold mine property at Val d’Or, Que., Golden Pond Resources reported. The company has a 25%…
Headed by Chairman Murray Pezim and President Chet Idziszek, Prime Equities (VSE) was recently launched as a publicly trading company holding under its corporate umbrella interests in numerous resourc…
Robert Parsons, president of JKS Boyles, recently announced the merger of the JKS line of cutting and coring diamond tools with Lamage, a subsidiary of JKS Boyles since 1983. The new company will be n…
The remote Eastmain gold deposit in northern Quebec has moved one step closer to production following an announcement that the provincial government will provide financial assistance for a winter acce…
Blackjack Resources Inc. (COATS), Avip Resources Inc. (unlisted) and Macree Resources Inc. (unlisted) have amalgamated to form Manor Resources Inc. (COATS). Shares in Blackjack Res. Inc. were exchange…
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