Encouraged by a drilling campaign just concluding on the Courvan gold property near Val d’Or, Que., are partners Louvem Mines (52%), Courvan Mining (45%) and Aabarock Mining Resources (3%). The curren…
Hope Brook Gold realized earnings of $149,000 or 1 cents per share for the 3-month period ended Oct 31. Although gold production from the company’s Hope Brook gold mine in Newfoundland began in August…
Montreal-based St. Genevieve Resources has entered into an exploration financing agreement with Excan Mining Management Ltd. whereby Excan will provide a minimum of $575,000 and a maximum of $3 millio…
A joint venture deal has been signed between Flagship Resources and Harroway Resources, a private company in Ontario. Harroway has the right to earn a 50% interest in Flagship’s 26-claim property in M…
ERG Resources has picked up a $2.475-million building permit from the city of Timmins, Ont., for the construction of the shell of its new tailings treatment mill building on the property of Giant Yell…
Vista Mines has filed an offering prospectus with the Toronto Stock Exchange. The underwriter is Davidson Partners. The issue will raise a maximum of $750,000 for Vista’s gold mine project near the Sa…
There are an estimated 11,000 hectares of mine tailings in Canada, many leaking acidic water into the environment. The industry spends millions monitoring this very serious environmental problem and t…
Several new issues on the coats lists appear to be bucking the current downtrend. Strike Minerals, which was underwritten at 30 cents last month, was trading on good volume at 60 cents – 70 cents tod…
The Magnacon gold project near Wawa in northeastern Ontario continues to surprise, the vice- president of Flanagan McAdam Resources said at the company’s annual meeting. J. T. Flanagan, who is also pr…
British Columbia’s asbestos producer, Cassiar Mining Corp., has decided to proceed with a $38.8-million development of its McDame deposit located near Cassiar, but is seeking government help to financ…
An Australian placer gold mining concern, Sandhurst Mining has closed earlier plans to acquire approximately 20% each in two Vancouver-based companies, Queenstake Resources and Canadian United Mineral…
A reverse circulation drill program completed by Eureka Resources has confirmed the extension of the Jay zone over a strike length of 750 m. The property is located near Williams Lake, B.C. Over the s…
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