News

Flow-through equips Power for Dryden area ventures

Toronto-based Power Explorations has added $3,103,325 to its treasury through a recent flow- through share issue and by exercising some Series A warrants, the company says. As a result, Power is fully…


United Minerals explores newly aquired BC claims

Preliminary work is under way at Canadian United Minerals’ recently acquired Fireweed polymetallic prospect 10 km west of Noranda’s Bell mine in central B.C. Trenching and sampling, along with geologi…


Brohm partner ensures future financing needs

The major shareholder of Brohm Resources’ Ventures Trident Partnership, says that it is committed to ensuring that financing is available to Brohm for continuation of construction at the Gilt Edge gol…


Grange Gold and Asamera drilling U.S. gold bet

Joint venture partners Grange Gold Corp. and Asamera Inc. are undertaking a 5,000-ft underground drilling program at the Lovitt gold mine in Wenatchee, Wash. The companies are joint owners of the Lovi…


High grade raise blasted by Chesbar

Underground exploration on the Chester Twp. gold project near Gogama, Ont., is yielding high grade gold values, partners Chesbar Resources and Murgold Resources say. A drift on the 200-ft level averag…



Glamis profit hurt by court decision

A lawsuit which went against Glamis Gold hurt the company’s bottom line for the fiscal year ended June 30. For the period, net earnings totalled $429,538 or 3 cents per share compared to earnings of …


Mahogany assays from Fork Lake David D.

Initial drill results have been received from Mahogany Minerals Resources’ Fork Lake project in the La Ronge area of northern Saskatchewan. Mahogany has a 19% carried interest in the discovery which i…



Hemlo Gold and Central amalgamate gold claims

An exploration program being carried out by Noranda Exploration Co. on Central Crude’s 118 gold claims in the Mishibishu Lake area of northwestern Ontario, will be extended to include the adjoining 16…


Cathedral finds new zone

After some advanced gold projects held by Imperial Metals were spun out into a new company called Cathedral Gold Corp., the new company promised to begin work on some major programs. Nearly three mont…


Editorial Let’s get Tut’s gold

Unabashed gold bugs that we are, we’d like to see a piece of King Tut’s gold treasure fall into Canadian hands. Is there a private collector out there with (probably), several hundred thousand dollars…


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