Tashota-Nipigon options properties from McAdam
Tashota-Nipigon Mines says it has acquired the right to earn a 25% interest in two advanced gold projects in Quebec and British Columbia. One of the properties is the former McWatters gold mine near R…
News
Thompson becomes Mingold president
Toronto mining analyst Edward Thompson has been appointed president and chief executive officer of Mingold Resources. The newly formed company is equally owned by a subsidiary of Inspiration Resources…
Massive acquires more claims rom Roman at Lingman Lake
Additional ground has been acquired by Massive Energy in the Lingman Lake area north of Red Lake, Ont. Massive has acquired an option to earn a 50% interest in 17 patented claims held by Roman Corp. T…
Investment Comment Echo Bay expected to lead Canadian gold stock
Targetting the price of gold to move upwards to the $450(US) to $500-per-oz range this year, Richardson Greenshields of Canada’s David R. James expects Echo Bay Mines to continue as the leader in the …
Drilling extends to 250 m Novamin’s Tonawanda zone
The Tonawanda property, 3.5 miles east of Cadillac, Que., is shaping up into an interesting gold play for joint venture partners Novamin and St. Joe Canada. A gold-bearing zone discovered by two earli…
Underground work is planned by Omni Resources
An underground development program is planned at Omni Resources’ Skukum Creek gold-silver property this January. The property is adjacent to the AGIP-Erickson Mt. Skukum gold mine which started produc…
Tandem gears up for exploration
As a result of several agreements, this year is shaping up to be busy exploration-wise for Tandem Resources. This Montreal- and Vancouver- listed company has entered into an agreement with Q.M.E. 1987…
Golden Star finds new zone in Guyana
Golden Star Resources says a new zone of gold mineralization has been discovered on the company’s Omai property in Guyana, South America. The newly identified gold-bearing sector, the so-called wenot-…
Placer and Golden Star may develop Guyana gold
An agreement should be completed within weeks that could see Placer Development and Edmonton-based Golden Star Resources develop a gold property in Guyana, South America. The mineral potential of this…
Sherritt deals off fertilizer interest
Sherritt Gordon Mines and Unocal Canada announce that they have entered into an agreement under which Unocal has acquired a 50% interest in Sherritt Fertilizer Co. Sherritt Fertilizer Co., a partnersh…
Cdn. Lencourt gets shareholder nod for takeover move
Shareholder approval has been received by Canadian Lencourt Mines for the acquisition of Explorco Properties, a private company holding mineral assets. Canadian Lencourt, which is operated and control…
Toronto Stock Exchange Blockbuster week as composite sets record
A powerful price surge both north and south of the border has made it a banner week for investors. With a blockbuster gain of 104.59 pts over the reporting period, the widely followed composite 300 ha…