News

Nova-Cogesco Resources (TSE) issued 304,988 flow-through shares at 91 cents each to Somicom 1988 and Co., Limited Partnership as per its May, 1988, agreement, the company reports. Funds worth $277,539…

Proving significant deposits exist should not be required to retain title on a mining claim says the Prospectors and Developers Association of Canada. “Work proves mines,” says the association in its …

A new gold discovery has been made by Placer Dome Inc. (TSE) and Currie Rose Resources (VSE) on their 10,000-acre property near Laonil Lake, northeast of La Ronge, Sask. The discovery was made after P…

A motion by Corona Corp. (TSE) seeking an interim injunction to prevent a takeover by another firm of Dickenson Mines (TSE) and Kam-Kotia Mines (TSE) was to be heard April 13 and 14 in a Toronto court…

A group of Texas brokers recently took a tour of International Baslen’s Laduboro/Montreal Trust gold property in the heart of Val d’Or, Que, where a $300,000 drill program is under way. While Baslen T…

Callahan Mining Corp. has acquired an option to earn a 50% interest in a gold prospect south of Kirkland Lake, Ont. Near Boston Creek, the property is being vended by partners Shenandoah Resources (VS…

Prices for resource stocks in general turned upward this week, with the mining and minerals index recording a jump of more than 34 pts. The market portfolio was also better, up almost 21 pts. Daily tr…

Bureaucratic concerns about detailed supporting documentation needed for applications made under the new CEIP (Canadian Exploration Incentive Program) have led to some streamlining of the regulations….

Signs of creeping inflation finally outweighed the negative effects of high interest rates on gold bullion. Today’s second London fix of $387.25 (US) per oz was up by more than $3. Despite the firming…

A drill program has extended a gold mineralized zone along strike and at depth, partners Stroud Resources (TSE) and Exador Resources (TSE) say. Work on their Leckie property north of Temagami, Ont., e…

An exploration agreement has been entered into between Lassie Red Lake Gold Mines (COATS) and Placer Dome (TSE) whereby the latter will provide funds for an exploration program on Lassie’s Red Lake pr…

Australia-based Whim Creek Consolidated NL may be playing hard to get with suitor Dominion Mining of Australia, but the sale of Whim Creek’s offshore assets to a Bermuda banking company has already be…