The partners involved in the Douay Twp. gold discovery near Casa Berardi, Que., are preparing to launch a new drilling program to look for an extension of a mineralized zone that yielded 59.3 ft. of g…
An agreement with CMP 1990 will provide Corona (TSE) with $5 million for exploration financing. Under the terms of the agreement, Corona will receive $3.5 million from CMP in return for up to 375,110 …
0701,0205,0205,0205,0205,0205,0205,0205, May 29 May 28 May 25 May 24 May 23 HIGH LOW Composite “300” 3524.20 3498.68 3494.69 3510.57 3519.40 4009.47 3334.13 Metals & Minerals 3125.31 3070.48 3061.95 3…
Noranda has discovered a new gold-bearing structure on the Holloway gold property near Matheson, Ont. Infill drilling on the claims it shares with Freewest, Noranda intersected grades of up to 0.42 oz…
By issuing 3.7 million shares to Surf Inlet Mines (VSE), Newfields Minerals (TSE) will receive a 25% interest in the Princess Royal Island polymetallic prospect, 100 miles south of Prince Rupert, B.C….
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) June 118.00 114.50 115.00 — 4.50 July 115.80 112.30 112.50 — 3.65 Aug — — 109.30 — — SILVER (in US cents pe…
In keeping with its move out of the mining industry and into the iron and steel foundry business, Atlantic Goldfields (COATS) has changed its name to Dexus Inc. To coincide with the name change, Atlan…
Platinova Resources (TSE), a Toronto-based company which is involved in gold exploration in Greenland, recently completed a private placement agreement with President Robert Gannicott. Under the agree…
Calgary-based Golden Rule Resources (TSE) says results from a winter drilling program on its Tower Lake gold project in northern Saskatchewan “will add substantially to the tons and grade of the previ…
British Columbia Premier Bill Vander Zalm recently announced the go-ahead for a 72-km road to reach the resource-rich Eskay Creek and Iskut River areas in the province’s isolated northwest. In a speec…
Nanisivik Mines, a wholly owned subsidiary of Mineral Resources International (TSE), recently increased its stake in Highwood Resources (TSE) to 27.3% from 23%. The latter company has interests in a b…
In remembrance of the women killed at Ecole Polytechnique in Montreal last December, The 1989 Canadian Engineering Memorial Foundation is trying to raise $1 million for an endowment fund. The money wi…
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