A new agreement between the federal and Ontario governments and the Nishnawbe-Aski First Nation has caused a lot of problems for Sandy Lake Resources. The private company has been prospecting on minin…
A unit of Asarco (NYSE) recently withdrew from a joint venture with Kookaburra Gold (VSE) to explore the Col copper-gold project in the Mt. Milligan area north of Prince George, B.C. Kookaburra is now…
A drill hole recently completed on Kingswood Explorations’ (ASE) Devon gold property northeast of Matheson, Ont., intersected three narrow, steeply dipping quartz veins containing high-grade gold. Res…
Joint venture partners Watts, Griffis and McOuat and Cominco Engineering Services are proceeding with their plan to design a process control system and to upgrade the milling capacity at a Russian gol…
Placer Dome’s $266-million writedown of its Mount Milligan project in British Columbia was unequivocal acknowledgment that it had made a mistake. The company simply paid too much for a project that di…
Cliff Resources (TSE) reports it hasn’t decided to exercise its right to acquire a 100% interest in Teranov Mining, which owns a wet-process asbestos milling operation at Baie Verte, Nfld., under an a…
Recent underground development by Cathedral Gold (TSE) at its 52% owned Sterling mine increased tonnage such that the current reserve is the largest in the mine’s history. Located near Beatty, Nev., t…
Two diamond drill holes were recently completed by Big Creek Resources (VSE) at its 100% owned Cash property 70 miles from Carmacks in south-central Yukon. The property was previously explored in the …
Two joint ventures were recently entered into by Deak Resources (TSE), one with Kennecott Canada and the other with Outokumpu Mines of Toronto. The Kennecott deal covers contiguous properties (one own…
Toronto-based Minnova (TSE) plans to conduct further drilling on the Seneca property, 65 miles east of Vancouver, B.C. Minnova is earning a 51% interest in the property from International Curator (VSE…
Drilling at a massive sulphide deposit near Amos, Que., generated much investor interest in Mountain Beaver Resources. The company’s stock was in a low-high range of 40-62 cents and 212,850 shares cha…
The boards of directors of South American Goldfields (TSE) and Golden Star Resources (TSE) have agreed in principle to merge the two companies. Both companies have gold and diamond exploration propert…
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