Placer Dome in exploration venture with Skyline
A number of gold prospects on the Reg claims held by Skyline Gold (TSE) will be jointly explored by Skyline and Placer Dome (TSE) under the terms of a recent agreement between the two mining companies…
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Shares acquired
A wholly owned subsidiary of Aitken Lees Capital Ltd. of Toronto, a merchant banker and consulting firm, has become a shareholder of gold producer Consolidated TVX Mining (TSE). The subsidiary, 881096…
St. Genevieve drilling deep to south of Wrightbar bet
Deep drilling has resumed at Wrightbar Mines’ (ME) Bourlamaque Twp. property where St. Genevieve Resources (TSE) has the option to earn a 50% project interest by spending $1.5 million. To find a depos…
Athletes to compete for gold in Timmins
The 7th annual Great Porcupine Gold Rush Triathlon will be held July 28 in Timmins, Ont. Contestants will cycle, canoe and run from Kelso to the Porcupine Camp — the trail used by the early prospecto…
Eagle River drilling gets best hole yet in Mishibishu camp
Just as Noranda (TSE) puts the finishing touches to a final feasibility study on the Eagle River gold deposit near Mishibishu Lake, Ont., a new zone appears to be opening up. Drilling on an extensive …
Tap Capital shifts focus to oil and gas
Toronto-based Tap Capital is continuing with a restructuring plan that will eventually see all of its mining assets sold to focus on its oil and gas businesses. Director Richard Scratch says the compa…
Coxheath gets new funds from Ainsley
An option agreement has been signed between Coxheath Gold Holdings (TSE) and Toronto-based Ainsley Financial Corp. which will see the latter company invest $2.5 million to complete development of Coxh…
Geophysics reunion planned at U of T
Former students, faculty, associates and friends of geophysics at the University of Toronto are invited to attend a reunion Nov. 2-4 marking the sesquicentennial of the discipline’s study at the unive…
Giant Yellowknife, Pamorex in deal
A deal worked out between Pamorex Minerals (TSE) and Giant Yellowknife Mines (TSE) could see the Nighthawk Lake gold deposit 10 miles east of Timmins, Ont., brought into production within two years. P…
PGE, Noranda agree to explore property
Exploration will get under way this summer on PGE Resource’s (ASE) 115-claim property near Mechanic Settlement, N.B., following a joint venture agreement with Noranda Exploration, a unit of Noranda (T…
Montreal Exchange Summer trading slows
Market activity slowed during June, according to ME officials. The average daily volume during the month, at about 4.9 million shares, was down 7.1% from May. On the other hand, the average price per …
$6 million to study the earth’s crust
Some $6 million will be given to the Trans-Hudson Orogen Transect research project over four years. The funding comes from the Natural Sciences and Engineering Research Council and the federal Departm…