News

Following the completion of a 20,000-ft. drilling program earlier this year, RFC Resource Finance (TSE) reports a jump in reserves at its Pend Oreille zinc-lead project. Preliminary estimates put rese…

Having just completed its first public offering, Wheaton River Minerals (TSE) is getting ready to explore its 104-sq.-km property near Whitehorse, Yukon. Deep drilling is scheduled to commence immedia…

Underground mine development is scheduled to begin shortly at the Samatosum mine near Adams Lake, B.C. The mine is 70% owned by Minnova (TSE) and 30% owned by Rea Gold (TSE) which also holds a 5% net …

Lower metal prices contributed to a drop in the second-quarter and 6-month earnings of Noranda (TSE)). The resources giant announced net earnings for the six months ended June 30 of $33 million (two c…

Semi-monthly reports as of July 15, showed 22,733,628 shares of 571 issues compared with 22,630,379 shares of 543 issues on June 30. Larger individual positions included: Amer. Barrick 335,062, up 106…

The red ink continues to flow at Denison Mines (TSE) as the uranium miner wrestles with debt and negotiates with key lenders to its Petromarine Italia subsidiary. Toronto-based Denison reported a loss…

A drop in head grades at the Lawyers mine in north-central British Columbia pushed first-half results into the red for mine owner, Cheni Gold Mines (TSE). The company reported a loss of $1.7 million f…

The mastery of fire has set man apart from every other species. Had he not succeeded in mastering it, it is doubtful that man would have survived. Peking man is believed to have used it as long ago as…

Some lawyers never use five words if 20 could say the same thing. Some negotiators follow a similar rule: Never frame a simple deal if you can construct something more complex. There is probably some …

PAYMASTER MAKING STEADY ADVANCE Paymaster Consolidated has closed another fiscal year with a record output of bullion and unimpaired ore reserves. Visiting the property, in South Porcupine, Ont. this …

B.C. CLAIM-STAKING ON THE RISE In spite of a general lull in mine exploration across the country, claim-staking has not abated in British Columbia. According to Energy, Mines and Petroleum Resources, …

Put me in coach, I’m ready to play.” These words evoke images of the athlete who practices hard and diligently but, for some reason, never gets into the game. Ignored by the coach, except when the gam…