Intransigence on the part of British Columbia’s government over water licence rentals has led to the cancellation of a $130- million expansion of Cominco’s zinc refinery at Trail, B.C. Besides creatin…
In a bid to improve the lot of shareholders of First Toronto Mining (TSE), the company has opted for an asset sale which will lead to either a distribution of capital or a special dividend. First Toro…
Calgary-based Baloil Resources has agreed to acquire for $125,000 a 100% interest in a group of eight claims located beside the company’s Sumit property in British Columbia. The claims include the for…
The latest drilling results from a copper-zinc massive sulphide deposit in Louvicourt Twp. in northwestern Quebec have only added to investor enthusiasm for the players, Aur Resources and Societe Mini…
Montreal-based Monique Exploration (ME) has signed an agreement whereby it will issue shares to Societe Miniere Louvem (TSE) in exchange for a larger stake in the Monique gold property near Val d’Or, …
Even though Goldpost Resources (TSE) is planning to produce 8,000 oz gold this year from its wholly- owned Hislop West zone near Timmins, Ont., at least one shareholder is unhappy with the company’s p…
Echo Bay Mines (TSE) has acquired the option to earn a 50% interest in the Favourable Lake gold property owned by Zahavy Mines (ASE). Situated north of Red Lake, Ont., the property was last explored b…
The province of Quebec plans to take legal action in the United States following an announcement of a virtual ban by that country on the use of asbestos. The U.S. Environmental Protection Agency (EPA)…
Although market activity here isn’t reflecting it yet, many brokers says investors are starting to look more favorably at gold issues. The general feeling is that interest rates are on the way down in…
Regulatory delays are causing headaches for McNickel Inc. (COATS) which had hoped to start a major drill program last month on its Lac St. Jean copper-nickel prospect, 15 150 miles northwest of Quebec…
Oneida Resources (VSE) is exploring its Maple Lake property in the Mishibishu Lake area west of Wawa, Ont. Work is focusing on the Pete vein, which was discovered by Oneida last year. This work includ…
As part of a program to demonstrate the commercial viability of bioleaching refractory ores, Shamrock Resources (VSE) is building a mobile bioleach demonstration plant that will be made available to o…
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