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News
EXPLORATION 1997 — Maj. General adds to Green Bay
An option agreement will add 2,000 acres of mineral claims to a land package held by Major General Resources (MGJ-V) in the Green Bay area of northwestern Newfoundland.The company says the newly acqui…
EXPLORATION 1997 — B.C. exploration spending tops $100 million in 1996
Government officials estimate that $100 million was spent on mineral exploration in British Columbia last year, a 20% increase from 1995.The largest exploration program in 1996 was carried out by Roya…
EXPLORATION 1997 — Canadian exploration nears $1 billion as foreign spending jumps
Statistics compiled by Natural Resources Canada show that mineral exploration spending is on the rise in Canada.During 1996, exploration spending increased to $945 million from a 26-year low of $383 m…
EXPLORATION 1997 — Coleraine reports discovery at Perron property in Quebec
Rouyn-Noranda, Que.-based Coleraine Mining Resources (CRI-M) has found three gold-bearing zones at the Perron property, 12 km west of Normetal in northwestern Quebec.The first zone is associated with …
Toronto Stock Exchange Indices (March 10, 1997)
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STOCK MARKETS — Metals market react to possible Russian strike
The Toronto Stock Exchange backed away from the record high of Feb. 25, falling 92.73 points during the report period ended March 4 to close at 6,155.05. Volumes were also smaller, averaging 104 milli…
EXPLORATION 1997 — Madison, Indo-Pacific tackle projects in Papua New Guinea
Like the handful of multinationals before them, a couple of Canadian juniors are tackling the challenges associated with exploration and mining in Papua New Guinea.Madison Enterprises (MNP-V) and Indo…
Golden Hwy. projects span the spectrum
A land of overburden drills and deep geophysical surveys, the Destor-Porcupine fault east of Matheson, Ont., features gold projects at every stage of development, from early exploration drilling throu…
Golden Eagle comes under SEC scrutiny
Late last year, Golden Eagle International (MINE-Q Bulletin Board) reported that it was being investigated by the U.S. Securities and Exchange Commission (SEC).The company says the investigation was f…
EXPLORATION 1997 — Juniors hit gold in Burkina Faso
Partners Orezone Resources (ORZ-M) and Geomaque Explorations (GEO-T) have made a gold discovery while drilling their Intiedougou property in southwestern Burkina Faso.The property covers 500 sq. km an…
EXPLORATION 1997 — Mindoro outlines gold anomalies in Indonesia
Edmonton, Alta.-based Mindoro Resources (MIO-A) has received some encouraging results from soil geochemistry surveys on its gold targets in Kalimantan, Indonesia.At Gunung Kelayu, one of three contrac…