The first closing of a planned 3-million-unit brokered private placement, at $2.04 per unit, has been completed by Carson Gold (VSE). The initial placement totals 1.025 million units, of which 725,000…
Statistically, the odds of finding a diamond mine in the Slave province of the Northwest Territories are less than 1-in-10, registrants were told at a recent short course on diamond exploration and ev…
Apr.6 Apr.5 Apr.2 Apr.1 Mar.31 High Low Composite”300″ 3598.81 3604.36 3595.07 3614.55 3602.44 4009.47 3009.91 Metals&Minerals 2906.33 2904.92 2900.76 2926.43 2931.38 3453.06 2502.63 Integrated Mines3…
Drilling aimed at expanding reserves is to begin on the South Comstock gold project in Nevada, a 50/50 joint venture involving Rea Gold (TSE) and BMR Gold (TSE). The first phase will test the continui…
The metal and mineral sub-index of Scotiabank’s commodity price index declined slightly in February after two months of modest gains. The decline was largely due to stagnant base metal prices. Economi…
One of the founders of Golden Knight Resources (TSE) and promoter of the Casa Berardi gold find, Bruce McDonald, has sold most of his remaining shares of the junior. In its OSC Bulletin, the Ontario S…
With more than $7 million in working capital and no debt, Taseko Mines (VSE) is forging ahead with development of its Fish Lake deposit, southwest of Williams Lake, B.C. At the recent annual meeting i…
Gold-producer Cambior (TSE) and Soquem are going to the market with an offering to raise $140 million. Cambior, based in Val d’Or, Que., and Soquem, the Quebec Crown exploration company, have conclude…
The Superior Court in Quebec (Montreal district) has ordered Scintilore Explorations (TSE) and President T.H. Polisuk to pay almost $1.5 million plus interest to Union Miniere. The action, commenced i…
The Eskay Creek deposit, north of Stewart, B.C., has diluted (by about 27%) reserves of 1.08 million tonnes grading 65.5 grams (2.10 oz.) gold and 2,930 grams (94.2 oz.) silver per tonne, plus 5.7% zi…
Along with gold, the Hope Brook orebody runs about 0.2% copper. Until now the copper was discharged to the tails. However, on her last tour of inspection in early March, President and Chief Executive …
A startup at the Colomac gold project in the Northwest Territories is set for the first half of 1994, Royal Oak Mines (TSE) reports. The company hopes to complete a feasibility study by August and sta…
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