News

Deep drilling by Queenston Mining (QMI-T) at the Princeton property, 15 km east of Kirkland Lake, Ont., has revealed a new zone of gold mineralization east of the former McBean gold mine.

Reconnaissance drilling by equal partners Freewest Resources (FWR-V) and Murgor Resources (MUG-V) has uncovered three gold zones on their Windfall property in northwestern Quebec.

Althouth the first few trading days of 2005 saw a slump in precious metals prices, juniors on the TSX Venture Exchange enjoyed a year-end rally.

Canadian Royalties (CZZ-T) continues to hit significant nickel-, copper- and platinum-group-element-bearing sulphide mineralization at its Expo-Ungava property in northern Quebec.

Following induced-polarization surveys at its Macleod Lake property in north-central Quebec, Western Troy Capital Resources (WRY-V) plans to drill eight chargeability anomalies.

Vancouver — WGI Heavy Minerals (WG-T) sustained only minimal damage following the devastating tsunami that claimed an unprecedented number of lives in coastal areas of the Indian Ocean, particularly South Asia.

Vancouver — Vancouver’s APAC Minerals (APC-V) intends to merge with Golden China, a Toronto-based private merchant bank. The move is designed to give APAC better access to China’s mining industry.