News

NEWS ROUNDUP — Founder samples return gold, zinc.

Bulk samples taken from Founder Resources’ (VSE) 100% owned Blackwater property near Jellicoe, Ont., have returned polymetallic mineralization over an average width of 4 ft. Sample J406, for example, …



Tag increases Verneuil interest

Junior Golden Tag Resources (VSE) has increased its interest in the Verneuil Twp. gold property southeast of Matagami, Que., from 50% to 60%. The company has also staked an additional five claims to b…


MINER DETAILS — Leaving gold to the juniors

Frustrated with a lethargic gold price and the difficult task of maintaining reserves, some of Canada’s largest gold producers are turning to base metals for future growth. Placer Dome has made no sec…




Drilling extends Battle zone

A recent hole drilled by Westmin Resources (TSE) extended the Battle zone discovery by 30 metres east of section 16+92E on the company’s Myra Falls mine property near Campbell River, B.C. The hole ret…


GUEST COLUMN — A thumbs-up for NAFTA

Four out of five Canadians believe in Canada’s presence at the negotiating table with the U.S. and Mexico for a North American Free Trade Agreement (NAFTA). Job creation in Canada has continued to exp…


EDITORIAL PAGE — De Beers’ move

Could it be that the almighty De Beers feels threatened by the Canadian diamond rush? In an uncharacteristic move last month, the diamond kingpin announced that the market for rough stones looks shaky…


Cave-ins occur despite precautions

Hard-rock miners in Canada have an enviable record where mining accidents are concerned. They were late starters into the business and were able to build on the hard-earned corpus of mining law genera…


Cayouette elected QMA president

The new president of the Quebec Mining Association (QMA) is Patrice Cayouette, a native of Bonaventure, Gaspe, Que. Cayouette succeeds Paul Bedard in the 1-year post. Involved in Quebec’s mining indus…


Teck resumes Tache drilling

Teck (TSE) has resumed drilling on Greenstone Resources’ (TSE) Tache Lake property at Chibougamau, Que., where the partners made a zinc-gold discovery earlier this year. Teck is earning a 60% interest…


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