News

Lyndex Explorations (CDN) will soon begin metallurgical testing of samples from a gold property in Europe. The program, intended to verify previous results, will operate in conjunction with on-going b…

Toronto-based junior Menora Resources (ME) has closed a private placement with parent Altai Resources (TSE). The placement, consisting of 1.6 million shares at 20 cents each, is expected to net $320,0…

The so-called “underground economy” is estimated to be about one-fifth the size of its legitimate counterpart. Considering that the average Canadian pays 45% of his or her salary in various taxes (inc…

On Dec. 3, the Resident Geologist’s office in Wawa became a historical artifact of the Ontario Ministry of Northern Development and Mines. In spite of the valuable contribution it was making to explor…

Nickel miner Inco was one of three recipients of the first International Great Blue Heron Award from the North American Waterfowl Management Plan. The award, for outstanding contribution to conservati…

A writer in Victoria, B.C., is planning a book about women who have lived in Canada’s North. “There are many women I have encountered who have unusual and interesting stories and experiences to tell a…

A US$8.75 runup in the price of the yellow metal over the course of the report week pushed the senior gold equities higher once again. Typical of the gold group were American Barrick, up $1.50 to just…

Information-starved investors received additional results from ongoing exploration at the Lac de Gras camp in the Northwest Territories. The joint venture of Dia Met Minerals (TSE) and BHP Minerals re…

Week’s Price (US) Change Gold* $385.90 + $8.75 Silver* $ 5.10 + $0.14 Platinum* $385.25 + $8.50 Nickel** $ 2.35 + $0.09 Lead** $ 0.21 + $0.01 Copper $ 0.78 + $0.02 Zinc $ 0.44 – $0.01 Courtesy of Scot…

— Week — Dec 14 Dec 13 Dec 10 Dec 9 Dec 8 High Low Composite”300″ 4244.43 4293.38 4280.30 4290.63 4307.67 4307.70 4243.53 Metals&Minerals 3473.35 3551.97 3497.71 3483.08 3515.57 3557.08 3468.53 Inte…

About 18.2 million tonnes grading 1.48 grams gold per tonne have been outlined at the Quebec joint venture of Northway Explorations (TSE) and T & H Resources (TSE). The preliminary estimate was record…

Drilling has identified previously unreported faults on inactive railway land in Timmins, Ont. One of the faults has past production on the adjoining Hollinger ground. The 4-hole program, conducted by…