Placer Dome options Fairfield gold discovery
A drill program will begin next month on the Elk property where Fairfield Minerals (VSE) recently made a high grade gold discovery. Easily accessible by road, the Elk property is mid-way between Peach…
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Earnings report Should go
Newmont Mining Corp. reported second-quarter net income of $7.2 million(US) or 11 cents per share, compared with $19.4 million or 29 cents per share in the same period last year. Net earnings for …
Gldn. Cresent ahead Alberta Stock Exchange
Exploration at the Talbot Lake gold property in northwestern Ontario is becoming the subject of investor interest, as indicated by the recent t rading activity of Golden Crescent Resources. One of th…
Filmon promises aid for Hud Bay project
Hudson Bay Mining and Smelting (TSE) received some encouraging news recently relating to its bid to win $86 million in federal and provincial govern ment loans for a modernization program at its coppe…
Aur director earns profit from sale of company stake
Leo Thibodeau, a director and original financial backer of Aur Resources (TSE), made a tidy profit recently while increasing his stake in the Toronto-based go ld producer. According to a recent Ontari…
Petromet Sept 19
Exploration data from the Ming West deposit are being assessed before the final part of a $3.8-million exploration program is completed, partners Petromet Res ources (TSE), Newfoundland Exploration (T…
Can-Mac Sept. 15
Initial underground sampling of the Mon gold property by Can-Mac Exploration (VSE) has returned high grade gold values which exceed original estimat es, the co mpany says. Acquired from Cominco Ltd., …
Native groups support development plans for Eskay Creek
Officials of Calpine Resources (VSE) recently met with British Columbia native groups and officials from the Department of Indian and Northern Af fairs to discuss development of the Eskay Creek gold p…
Fairbanks drill results impress
Drilling by Fairbanks Gold (VSE) on its 51%- owned Fort Knox property near Fairbanks, Ala., is continuing to return impressive resul ts. The latest are from hole 89-069 which was drilled at a 60 degre…
Montreal Exchange: Seniors most active
Quiet trading marked the week’s activity, with investors who are watching the Louvicourt Twp. copper-zinc massive sulphide discovery caught between drill-hole announcements. At the top of the volume l…
Minnova encounters gold on Diana’s Obatogamau
Partners Diana Resources (VSE) and Minnova Inc. (TSE) have encountered what they are calling a significant gold-bearing zone, at Diana’s 82-claim Obatogamau p roperty near Chibougamau, Que. Eight hole…
Exploration on hold at Lyon Lake project
Assets of Lyon Lake Mines (ME) stood at $10.7 million on June 30, with liquid assets totalling $93,502, the company reports. Additional exploration has been recommended for the Mosquito gold property …