News

PEOPLE — GOLDRUSH MINING

James Blair, Gordon Parrott, Robert Currie, Steven Schurman, John Hoegg and Ross McLoed elected directors; James Wilkinson appointed director.




Reconnaissance program led to Ulu gold discovery

Diamonds are not the only mineral commodity of interest to BHP Minerals Canada in Canada’s richly endowed Northwest Territories. For the past several years, the company has been actively exploring its…


Jordex extends Loma nickel option

A Venezuelan company managed and owned 50% by Jordex Resources (TSE) has extended an exclusive option on its Loma de Hierro nickel project to Anglo American Corp. of South America for an additional 90…


Ammonite shell made into jewelry

When it comes to gemstone mining in Alberta, there is only one game in town: the shell game. Gemstone mining is virtually non-existent in Alberta except for a remnant of the ancient sea bed which mill…


Aeormagnetic data helps in diamond hunt

Diamond exploration activity in the Lac de Gras area in the Northwest Territories and elsewhere in the country has been a considerable boon to Canada’s otherwise sluggish mineral geophysics industry. …


NEWS ROUNDUP — Good news from Battle zone stepout

The latest hole drilled by Westmin Resources (TSE) encountered 22.9 metres visually estimated to contain 2.5% copper and 18% zinc from the Battle zone discovery at its Myra Falls mine property near Ca…


Diamonds, plans for N.W.T. port spur exploration

Exploration activity is booming in the Northwest Territories at both the grassroots and advanced project levels, and expenditures this year are expected to easily surpass $35 million, over 27% more do…


United Reef soars on diamond play

Diamond fever has struck a dormant TSE-listed penny mining stock with a vengeance. United Reef Petroleums (TSE), which a few weeks ago sold at 2 cents a share, has soared to 42 cents on heavy volume, …



Court disallows Canarc merger

The Supreme Court of British Columbia did not approve a proposal to amalgamate Canarc Resource (VSE), Suntac Minerals (VSE) and Rembrandt Gold Mines (ASE). Canarc currently holds a 51% interest in Sun…


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