News

A proposed offer to boost its interest in Louvem Mines to about 90%, through the purchase of up to 4.8 million common shares of the gold producer, is going ahead, St. Genevieve Resources has announced…

A production decision at Vedron Ltd.’s Timmins gold project in northern Ontario has been put off until at least July, President Leon La Prairie told shareholders at the annual meeting. While the compa…

The volume leader amongst resource issues on coats was Tarzan Gold. The issue traded through more than 180,000 shares this week to add 25 cents to $1.50. Tarzan holds varying interests in a large por…

Interested in something really different? A little foray into one or two of the mining areas of Great Britain of two millennia ago might prove engrossing to a minerals man who has seen all the usual t…

Lacana Mining has confirmed its commitment to fund the balance of a $500,000 work program started last year on Huntington Resources’ Brett claims near Vernon, B.C. Approximately $360,000 was spent the…

Funds raised in a rights offering will be used by Killick Gold for a drilling program on its 18,000-acre Adams Plateau claim group near Kamloops, B.C. The company is seeking $118,000 by offering each …

Glen Auden Resources has signed an option deal with Ventex Energy Ltd., giving the former company the right to acquire a 50% interest in a 156-claim property near Atikokan, Ont. Glen Auden can earn th…

After losing Northfield Capital Corp. in the Oct 19 market debacle, Queenston Gold Mines has found a new partner to assist in developing the promising Kirkland West gold property, near Kirkland Lake, …

Low-sulphur thermal coal from British Columbia, Alberta and Saskatchewan could compete in the Ontario market without government subsidies, according to members of the Coal Association of Canada (cac)….

A letter of intent has been signed by Doron Explorations giving Lacana Mining an option to earn a 50% interest in the Cody Ridge silver-lead-zinc prospect near Faro, Yukon. To earn the interest, Lacan…

More results have been released by Noranda Exploration from the Grew Creek discovery of Golden Nevada Resources 25 miles southeast of Faro, Yukon. The deposit has been tested for a strike length of ap…

Earnings of $6.9 million (69 cents per share) for 1987 were recorded by Rayrock Yellowknife Resources, compared with $2.7 million (28 cents per share), after unusual charges of $2.1 million, in 1986….