McNickel completes Lac St. Jean drill program
Toronto-based McNickel Inc. (COATS) has completed the first phase of a major drill program on its 40-claim copper-nickel property under option in the Lac St. Jean area of Quebec. Using a cutoff grade …
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NovaGold starts gold production at Murray Brook
The Murray Brook gold-silver mine has begun production, NovaGold Resources (TSE) says. Situated in New Brunswick, the mine processed 8,050 tons of ore during its 10-day start-up period to produce 237….
Alberta Stock Exchange Integrated makes bid
A takeover bid by Integrated Resources for Northern Minerals (TSE) failed to generate much interest. Integrated was firm at $1.20. Northern, which holds a basket of exploration properties and a placer…
Cuts 216 ft. grading 0.28 oz. Bond gold find near Stewart
Recent drilling by Bond International Gold (TSE) has intersected a significant new gold discovery on the company’s Red Mountain property in northwestern British Columbia. Situated about 15 km east of …
Calpine shareholders group finds Prime offer too low
Shareholders of Calpine Resources (VSE) will soon be shareholders of Prime Resources (VSE). That’s assuming of course that a proposed business arrangement to result in Prime acquiring all Calpine’s sh…
Toronto Stock Exchange Low rate outlooksparks market to new high
A five-day buying spree by investors propelled the composite index to a new high of 4019.74 points. Bullish economic forecasts calling for lower interest rates sparked the Dow Jones index in New York …
Placer Dome to buy back shares
The board of Placer Dome (TSE) has approved a plan to buy up to 16.4 million of its common shares on The Toronto Stock Exchange. When fully exercised, this ordinary course issuer bid would amount to a…
Tests confirm gold grade at Touquooy says Seabright
Initial mill tests have confirmed the grade of the Touquoy gold deposit, Seabright Explorations (TSE) says. Situated near Moose River, N.S., the Touquoy hosts drill-indicated reserves of 1,059,000 ton…
Australian owner may sell Pamour group of companies
Debt problems plaguing the parent Australian corporations of Pamour Inc. (TSE) may result in the sale of some or all of the latter’s mining assets. Pamour’s immediate parent, Giant Resources, is repor…
Rogi raises funds for exploration
An agreement has been negotiated by Exploration Rogi (ME) with Societe en Commandite Miniere McGill whereby the latter will subscribe for 445,313 flow-through shares of Rogi at 32 cents per share, an…
Rayurock foresses long life at Marigold
The official opening of the Marigold mine near this small town owes much to a solid bank of exploration and mine development expertise quietly amassed by Rayrock Yellowknife Resources (TSE) since its …
Spinoffs from mining benefit Northwestern Ontario
Ever since the first big gold rush to Red Lake, Ont., back in the 1920s, the vast expanse of Ontario’s northwestern region has presented a curious mixture of challenge and opportunity to the mining in…