Two drill rigs on Perrex bet
Two diamond drill rigs will start drilling in early September on the northeastern Ontario Iris Gold claims of Perrex Resources, the company reports. President Alex Perron says stripping, trenching and…
News
Dolly Varden reactivating famed B.C. silver camp
An adit is expected to be collared by Dolly Varden Minerals at its Alice Arm, B.C. silver property by month-end. In doing so, the company will be reactivating one of B.C.’s most famous silver mining c…
Cove renegotiates flow-through funding
Cove Energy Corp. says it has renegotiated a flow-through share financing with First Exploration Fund 1987 and Co., Ltd. Partnership, doubling the amount of the original funding. President Richard McR…
$4m program is planned
Encouraged by the sharp upturn in silver prices from last year’s average year low of $5.47(US) per ounce, Silver Century Explorations is gearing for a major $4 million underground exploration program …
Tasu to earn interest in Alder Gulch bet
United Reef Petroleums has reached an agreement with vse- listed Tasu Resources to develop the Spring Gulch placer on its newly acquired Alder Gulch property in Montana. First staked in the 1860s, the…
Gordex heap-leach mine into commercial production
Gordex Minerals scored a Canadian gold mining first when it announced commercial production at its Cape Spencer claims northeast of Saint John, N.B. this week. The Cape Spencer project is Canada’s fir…
Noranda finds metals at Duck Pond project
Additional drilling at Noranda Exploration’s Tally Pond — Duck Pond project in central Newfoundland has continued to intersect what the company calls significant base and precious metal values. Locat…
“Noranda-style” sulphides located at Aldermac project
The latest drill results from their Aldermac project in Beauchastel Twp., west of Rouyn-Noranda, Que., has created a flurry of excitement in the executive suites of both Nuinsco Resources and Seadrift…
Initial results please Geomaque
Initial results from a program of reverse circulation drilling has yielded significant gold values from property in Bourlamaque Twp. in the Val d’Or area of Quebec, Geomaque Explorations reports. Basa…
Forest Hill grades confirmed, 20 year mine life envisioned
High ore grades averaging 0.48 oz gold per ton from the Forest Hill mine in Nova Scotia have been confirmed by Seabright Resources. The good news comes after 17,700 tons of ore from the mine were proc…
Freewest option
A program of linecutting, geological mapping and geophysics is due to start immediately on a platinum- palladium property optioned by Freewest Resources in the Red Horse Lake area of northwestern Onta…
Strike to result in $10m. cost to Cominco
The strike at Cominco’s Trail and Kimberley operations should cost the company about $10 million in after-tax earnings by month-end, says Robert E. Hallbauer, president and chief executive officer. Ho…