Western Quebec sees Eagle Lake potential
The Eagle River gold deposit near Wawa, Ont., has a new investor who is keen on bringing it into production. Western Quebec Mines (TSE) has agreed to pay $9 million to acquire control of the project f…
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To the lost miners
Sudbury, Ont.-based Chris Pritchard wrote the following poem after reading about the accident late last year at the deep Macassa gold mine just west of Kirkland Lake, Ont., where the search continues …
ANC would restructure South Africa mining
A draft proposal of the African National Congress (ANC) to restructure South Africa’s mining industry is, in effect, a attempt at “nationalization” and would discourage foreign investors, according to…
Hendricks merging with Everdeen
Inactive Everdeen Resources has agreed to amalgamate with privately owned Hendricks Minerals of Canada. Before the amalgamation can take place, Hendricks must first obtain ownership of the issued and …
$5.5 million alloted for Golden Bear
About $5.5 million will be spent on a 3-phase program to explore the Golden Bear property in northwestern British Columbia. The property is owned by North American Metals (VSE) which, in turn, is 81% …
Raymor raises project funding
Proceeds from a $250,000 private placement will be used for exploration and definition drilling of a La Motte Twp. lithium property northwest of Val d’Or, Que. Raymor Resources (ASE) says previous wor…
Armistice, Dynatec settle
Toronto-based Armistice Resources (ME) and its principal creditor have announced a settlement to their legal differences. Dynatec Mining, which was owed more than $2.1 million, will receive $450,000, …
Asia Minerals to evaluate polymetallic project in China
An agreement with Chinese officials allows Asia Minerals (ASE) to evaluate yet another polymetallic mineral project in the Asian country. During the past few years, the junior has evaluated several mi…
Mexican mining industry to benefit from NAFTA
The creation of freer trade among Mexico, the U.S. and Canada will require that mining companies in the Latin American country become more efficient and productive, according to a study. In an analysi…
Ag Armeno plans drill programs in Ecuador
Active in Ecuador since 1985, Ag Armeno Mines & Minerals (VSE) is looking to explore several properties this year. A 10,000-ft. drilling program will get under way soon at the Fierro Urco property, un…
Mexican gold project — Manhattan’s Moris ready for
Encouraged by the findings of an independent feasibility report, Manhattan Minerals (VSE) has set about arranging financing to bring a Mexican gold project into production. The Moris project, in the n…
Inter-Rock strikes gold at Daisy
Eight reverse circulation holes of a 21-hole program on the Secret Pass deposit, part of the Daisy Gold project in southern Nevada, have been completed by Inter-Rock Gold (TSE). Of the eight holes dri…