News

A $2.5-million private placement with Le Fonds de solidarite des travailleurs du Quebec and MSV Resources (ME) has been completed with Nova-Cogesco Resources (TSE), the companies report. Le Fonds acqu…

Claim staking and optioning around Birch Lake, Ont., have allowed Milestone Resource (COATS) to increase significantly its ground position in the area. The company has optioned 46 claims from Falconbr…

A group of seven shareholders representing 21.7% or about 1.3 million shares of Seven Mile High Group (VSE) have obtained a court order calling for an inspection of the company’s books. The order was …

Week’s Price (US) Change Gold* $398.80 — $3.80 Silver* $5.09 — $0.05 Platinum* $502.50 — $6.05 Nickel** $4.13 + $0.17 Lead** $0.55 + $0.10 Copper- $1.18 Zinc $0.79 + $0.07 Courtesy of Scotiabank. I…

Optimistic about the future of the iron ore market, Ungava Iron Ores, a newly formed private company, has acquired a significant iron ore deposit at Hopes Advance Bay in northern Quebec. The Ungava de…

Options Open Series Volume Last Interest May 400 C 374 13.50 1,211 May 410 C 408 7.00 1,206 May 420 C 433 4.00 2,592 May 430 C 151 2.20 1,521 May 440 C 146 1.30 1,569 May 450 C 226 0.60 1,157 Aug. 430…

A well defined operating strategy backed by more than US$49.4 million in capital improvements has enabled Nerco Minerals, a unit of Nerco Inc. (NYSE), to achieve a turnaround in operations at its Con …

While the mining community was taking a look into the future at this year’s Prospectors and Developers Association Convention in Toronto, the U.S. dollar continued to exert downward pressure on the pr…

The latest uncut assay results released by operator Calpine Resources (VSE) are continuing to confirm the high- grade nature of the Eskay Creek gold deposit, north of Stewart, B.C. Calpine owns 50% of…

You recently reported (T.N.M., Feb. 12/90) on the intent of the Ontario Securities Commission (OSC) to regulate professionals. As a professional engineer, I find the desire of the OSC to extend its po…

Chromite explorer Gateford Resources saw its share price double to 65 cents on volume of more than a million shares during the week ended Mar 13. Gateford and its private affiliate Canchrome Mines are…

Gold and silver production at the Samatosum mine, 28 miles northeast of Kamloops, B.C., more than doubled in the January-February period, compared with the average monthly production rate since the mi…