News

While trading on the Alberta Stock Exchange continued to be lacklustre, McSev Exploration was the week’s outstanding issue with 727,200 shares traded. McSev, which remained steady to close at 40 cents…

A production decision could be made within a year on a gold- molybdenum property in northern Nevada, Win-Eldrich Mines President Reuben Brant said at the annual meeting. The Ashdown property, located …

A subsidiary of Asamera Inc. says it will immediately start a preliminary exploration program on what is described as one of the largest single underexplored mineral prospects in the state of Nevada. …

Already a major producer of perlite (a light- weight aggregate with a variety of industrial uses), Vancouver-based Aurun Mines is diversifying into sulphur. The company has joined forces with Equinox …

A deep diamond drilling program will be conducted on the No 4 zone of Band-Ore Gold Mines’ gold property in northwestern Ontario by Noranda Exploration. The drilling will commence in late August and w…

Dissident shareholders had their say at Canhorn Mining’s annual meeting recently — the meeting lasted more than three hours — but in the end a slate of directors and a stock option plan proposed by …

Approval has been given to develop the Ridgeway gold project in South Carolina which will be a joint venture between Amselco Minerals and Vancouver-based Galactic Resources. Ridgeway Mining, a wholly-…

An agreement granting T & H Resources an option to buy nine claims owned by Newfield Mines in Garrison Twp., east of Matheson, Ont., for $150,000 has been signed by the two companies. The option gives…

Sawyer Consultants has resumed practice as an independent consulting group. For the past two years it was owned by the Concord Group of Companies out of the United Kingdom. The relationship with Conco…

The holiday-shortened week showed some signs of positive movement as the tse composite index gained 47.6 pts to close at 3,740.19 pts. Today’s trading saw an advance of 6.72 pts. Precious metals, whic…

The 19th annual conference of the Canadian Mineral Analysts, jointly sponsored with the American Society of Mineral Analysts, will take place Nov 3-6 at Winnemucca, Nev. More information may be obtain…

Ontario premier and acting minister of northern development and mines David Peterson (right), helps put up a sign marking the site of the production shaft that will be put down at the new Dona Lake go…