Chelsea suspends mining operations
Mining operations were recently suspended at the Spotted Horse underground gold mine operated by Chelsea Resources (TSE). The company indicated that resumption of operations at the Montana mine would …
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High River gets grant for exploration work
High River Gold Mines (TSE) has received $1 million in incentive grants from the Canadian Exploration Incentive Program. An additional $500,000 is expected to come from Inco Gold, a wholly owned affil…
Water problems challenge Echo Bay at Cove project
A decline ramp being driven into the Cove gold deposit in Nevada is less than 65 ft from the underground ore zone, Echo Bay Mines (TSE) reports. The ramp, about 600 ft below surface, is designed to mi…
War Eagle deja vu
A total of 13 drill holes were completed by Nerco Delamar, a wholly owned subsidiary of Nerco Inc. (NYSE), on the War Eagle Mountain gold-silver project in Idaho. The drilling is part of a joint ventu…
Newhawk drifting returns high grades
Assay results from the first 130 ft of drifting on the R-8 structure at Newhawk Gold Mines’ (TSE) 60% owned Sulphurets project averaged 1.51 oz gold (uncut) and 17.16 oz silver across a true width of …
Gold or base metal shares, which offer better value?
Receiving value for their money is the aim of all investors. But where best to place one’s money need not always be a tricky question, as an officer with international securities firm James Capel rece…
Five directors quit after Richmond Gulf buys into Acadia
Richmond Gulf Resources (COATS) has become the largest single shareholder in Acadia Mineral Ventures (TSE) and all but two of Acadia’s original directors have resigned. Acadia became a dormant explora…
Platinova president downplays overblown’ Greenland results
Danish newspaper reports that the next motherlode has been discovered on Greenland’s eastern coastline are greatly overblown, says Platinova President Robert Gannicott. Following interviews with a Dan…
Toronto Stock Exchange Gold equities retreat after reaching new
Gold equities took centre stage on the TSE for yet another week as bullion continued its climb toward the magical $400(US)-mark. On Nov 15, today, the second London fix was set at $391.40. The rally h…
KPM suing BIG over Shoal Lake project
Toronto-based Kenora Prospectors and Miners (COATS) is suing its joint venture partner Bond International Gold (TSE) for breach of contract and fiduciary duty involving a gold project at Shoal Lake, O…
Spirit Lake resumes drilling near Wawa
Spirit Lake Exploration (ME) has resumed drilling on its Edwards gold property about 60 km northeast of Wawa, Ont., and just east of the Magino and Kremzar mines. The first phase of the $250,000 progr…
Lower metal prices cut FMC earnings
Sharply lower gold and silver prices have contributed the recent decline in profits reported by Chicago-based FMC Gold (NYSE). FMC Gold, which last year ranked first in North America in terms of retur…