Galactic looks to the future
With the recent sale of its 50% interest in the Ivanhoe joint venture in Nevada for US$13.4 million, Galactic Resources (TSE) is a step closer to completing a restructuring of its assets. The company …
News
Selling pressures push down gold price
Gold: Prices of the yellow metal continue to retreat under mild selling pressures to the US$340-per-oz. level. Rumored sales by “large sellers” added little to the movement. While traditional uses for…
Pine Cove wins environmental OK, seeks financing
Having won environmental approval for its Pine Cove gold project in Newfoundland, NovaGold Resources (TSE) is preparing to raise $14 million to build a 1,500-ton-per-day vat leach operation. NovaGold …
Size of zone growing: Vior
Drilling at the Douay gold property in the Casa Berardi region of Quebec is extending the boundaries of the targeted zone’s mineralization, Societe d’Exploration Miniere Vior (ME) reports. The zone, w…
Manitoba woos mineral exploration with grants, tax holiday for
Manitoba is introducing new incentives designed to stimulate mineral exploration and development in the province. Unveiled recently at the annual Prospectors and Developers Association of Canada (PDAC…
Major examines Taurus prospects
An undisclosed major mining company recently entered into negotiations with Lodestar Explorations (VSE) to earn a joint venture position in Lodestar’s East and West Taurus properties in eastern Alaska…
Windy Craggy comes under attack in U.S.
A river conservation organization in the U.S., American Rivers, says the Tatshenshini-Alsek river system in northwestern British Columbia (and near Alaska), in the area of the Windy Craggy copper mini…
Agnico drilling Vezza project, considers going underground
Drilling is under way on the Vezza gold project in northwestern Quebec, where Agnico-Eagle Mines (TSE) is earning a 51% interest from North American Rare Metals (ME) and Dundee-Palliser Resources (TSE…
Cameco files secondary issue
Saskatoon, Sask., based uranium producer Cameco (TSE) has filed a final prospectus for a secondary issue of 5.99 million common shares. The shares will be delivered by Canada Eldor (CEI), a Crown corp…
Tyler buys claims at Lac de Gras
In exchange for $60,000 cash and 200,000 common shares, Tyler Resources (TSE) has acquired a 92,000-acre property just north of the BHP-Dia Met discovery in the Northwest Territories. Tyler plans to r…
Martel inquiry report is near
A legislative committee looking into comments made by Ontario Mines Minister Shelley Martel about a Sudbury doctor has concluded its hearings and will deliver its report April 15. Martel told a Thunde…
PROFILE (April 13, 1992)
Always mindful of being an ambassador for the mining industry, Mark Rebagliati wastes no opportunity to communicate his belief that British Columbia’s explorationists and miners are the most environme…