Virginia discovers zone at Auclair
Quebec City-based Virginia Gold Mines (VIA-M) has discovered a new zone of gold mineralization at its Auclair property, in the James Bay area of northern Quebec.The zone is hosted in iron formation an…
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Coleraine Mining cuts gold at Perron property
Rouyn-Noranda, Que.-based Coleraine Mining Resources (CRI-M) has received encouraging drill results from its Perron gold project in the northern Abitibi belt in Quebec.Hole 2 intersected 2.2 metres (f…
Amendments announced for Ontario’s Mining Act
In an attempt to eliminate red tape and attract investment in Ontario’s mining sector, the Ministry of Northern Development and Mines has revised the province’s Mining Act.The revisions, which the gov…
MOST ACTIVE ISSUES, Feb. 5-11
ExchgVol(000s)ClosePure Gld ResT111890.38Maymac PeteV…
Sumitomo finds joy at Stone Boy
Drill results from the Stone Boy gold property have triggered increased interest in the Fairbanks district of Alaska.The drill program, which returned a 10.4-metre intersection grading 31.8 grams gold…
Bralorne set for reopening
After several years of false starts, the historic Bralorne gold mine near Vancouver, B.C., is scheduled to reopen in mid-March.The mine operated from 1916 to 1971, but low gold prices forced its closu…
THE DIAMOND PAGE — Bulk sample under way at Jericho project
At the Jericho project in the Northwest Territories, diamond explorers Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) have begun processing a bulk sample of the land-based JD/OD-1 kimberlite…
LETTER TO THE EDITOR — Spend Canada’s tax dollars at home
The issue of Jan. 27 carried an advertisement that the Argentine government is planning to carry out a multi-parameter airborne survey over a large mineral area there.What upsets me is an item in the …
Seahawk prepares to drill in Guyana
Encouraging trench results have induced newly listed Seahawk Minerals (SKM-V) to drill the Blackwater Creek gold property in Guyana.The company completed 12 trenches across two structures extending ov…
ODDS’N’SODS — A lunch fit for a mouse
In the 1930s, the Paymaster Consolidated gold mine near Timmins, Ont., was known as the “ham, jam and an orange mine.”When the Paymaster restarted in 1933, for the second time, funds were in short sup…
NEWS IN BRIEF (February 10, 1997)
Yuma Gold Mines (YUM-V) has changed its name to Yuma Copper (YUM-V).
Development work halted at Komis gold mine
The recent slump in gold prices has led to a decision to curtail development work at the Komis gold mine in Saskatchewan.Waddy Lake Resources, a wholly owned subsidiary of Golden Rule Resources (GNU-T…