La Teko finances U.S. mining venture
Following a recently announced private placement, La Teko Resources (VSE) is looking forward to an active exploration season on several U.S. gold properties. The private placement sold to Gateway Mini…
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Westfield reports ’89 profit after selling Chilean asset
Westfield Minerals, (TSE) the company that angered shareholders by dealing its stake in a Chilean gold mine to Northgate Exploration (TSE), managed to report a profit last year. Westfield’s net income…
Pioneer accepts Placer Dome offer
Pioneer Metals (TSE) recently accepted an offer from a unit of Placer Dome (TSE) to joint venture its Bonito gold-silver property in New Mexico. In order to earn a 60% interest, Placer Dome is require…
Alberta Stock Exchange BMR sheds 19 cents
Most junior gold stocks remained unchanged or moved slightly lower during the week ended April 17 as the price of bullion remained in a bearish trend. With more drilling planned at its America mine pr…
Executive pay heads skyward when stock options exercised
Despite a year of modest metal and mining share price increases, documents filed with the U.S Securities and Exchange Commission (SEC) indicate that several mining executives are earning compensation …
Aber farms out two properties
An option to earn a 70% interest in the 74,000- acre Tikiraq property owned by Aber Resources (TSE) was recently granted to Echo Bay Mines (TSE). The property, 320 miles northwest of Yellowknife, N.W….
St. Genevieve in Scintilore deal
A subsidiary of Montreal-based St. Genevieve Resources (TSE) has signed an option agreement allowing it to earn up to 50% of Scintilore Exploration’s (TSE) P-T gold-base metal property in Quebec’s eas…
Noranda, Major General set reserve figure
Recent drilling results from the Rendell-Jackman gold project in the Springdale area of Newfoundland have allowed equal partners Major General Resources (VSE) and Noranda Exploration (TSE) to establis…
Gibraltar revises production forecast
The recent annual meeting of Gibraltar Mines (TSE) revealed a pleasant surprise for shareholders anticipating a reduction in throughput at the company’s copper mining operation near Williams Lake, B.C…
New president named for Dickenson, Wharf
A new president has been named for Dickenson Mines (TSE) and associated company Wharf Resources (TSE) in the wake of John Kachmar’s resignation and the removal of a number of directors. Kachmar, 53, w…
Lithium shares quadruple on Oxford Lake drilling results
Based on recent drilling results from Noranda’s (TSE) Oxford Lake properties in Manitoba, the Rusty gold zone discovered last year appears to be continuing downdip. Narrow zones of mineralization, inc…
U.S. Report Cyprus options Noble Peak’s Crypto zinc deposit in Utah
The Crypto zinc deposit in Utah will undergo further exploration and development as the result of an agreement between Noble Peak Resources (ASE) and Cyprus Metals Exploration, a unit of Cyprus Minera…