An agreement has been reached between Macamic Resources and Coniagas Mines to further explore and develop the latter’s alluvial gold properties in Beauce Cty., Que. Macamic will spend $1 million to ac…
They came to the annual meeting of American Barrick Resources Corp. for a variety of reasons. But as one broker quipped, they especially came “for the religion”, — to hear Peter Munk, the chairman an…
A free trade agreement with the United States is “essential” for Canada’s economic future and for the Canadian mining industry, William Deeks, president of Noranda Sales Corp., said at the 89th annual…
Underground work by partners Noront Resources and HSK Minerals on the former producing Olive mine property near Mine Centre, Ont., has verified the presence of two ore shoots. Based on detailed sampli…
Progress being made at the Lac Des Iles’ project of Madeleine Mines in northwestern Ontario makes it almost a certainty that this country will soon have its first straight platinum-paladium producer -…
Mono Gold Mines says that drill indicated and inferred reserves at its Bannockburn project 167 miles northeast of Toronto now stand at 372,154 tons grading 0.395 oz. The reserves are calculated over a…
Improving gold prices and lower unit production costs are the prime reasons for the 50% increase in profit posted by U.S.-based Battle Mountain Gold in its first quarter. A profit of $8.8 million or 2…
A final prospectus has been filed by Cominco Resources International which should raise about $40.2 million for exploration work on properties outside Canada, Alaska and Australia. The international o…
The most active mining stock on the Alberta Exchange this week was Jascan Resources, up 10 cents to $2.80, a high for the year, on 1,225,100 shares. Jascan, which is indirectly associated with the mi…
What is the present status of Slate Bay Gold Mines? It was dissolved about 10 years ago but the charter was re-instated about eight years ago. H.K., Pacific Palisades, Calif. You are correct in writin…
Continuing to trade actively on the Montreal Exchange is Audrey Resources, which this week closed up 90 cents to $4.35 on a volume of 670,200 shares. Audrey has a 70% interest in the Mobrun project (…
Junior companies within the Kasner Group, have raised a total of $2.5 million via a private placement of flow-through shares to MVP Exploration (1987) and Co. Sholia Resources will receive $500,000 as…
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