Jonpol seeks financing for Garrison Twp. plans
Having extracted a 2,200-ton bulk-sample program on their Garrison Twp. Newfield gold project near Cochrane, Ont., partners Jonpol Explorations (TSE) and affiliate T & H Resources (TSE) are waiting fo…
News
Holt-McDermott first min in Barrick group to unionize
Representatives of about 177 hourly wage employees at American Barrick Resources’ (TSE) Holt-McDermott gold mine near Kirkland Lake, Ont., will meet this month to negotiate their first contract as a u…
Toronto Stock Exchange Gold recovers slightly, but investors still
An already nervous investment community was dealt a severe blow for the week ended March 27 when the gold price fell US$29 per oz. to a low of $362. While the yellow metal rebounded to US$372 on the s…
Footing the bill for new `goodies’
In the 1930s, there were three producing mines in the Bridge River area. The Union Brass pulled a long strike. When the dust settled, one mine reopened on a partial basis. There was no unemployment in…
GOLDEN BITS
Diamond Drill Bits New diamond drill bits from Utah-based Christensen Mining Products increase footage per bit by 15% to 20%, the company says. These “gold” bits, as they are called, combine friable d…
Muscocho mines deal fair to shareholders, firm says
An independent valuation and fairness opinion of a deal involving three Muscocho group companies, two new producing gold mines in northern Ontario and Echo Bay Mines (TSE) concludes the proposed trans…
Armistice reports visible gold find
Visible gold was intersected in an exploration crosscut being driven north from the 2,050-ft. level at the shaft, Armistice Resources (ME) reports from its gold property at Virginiatown, Ont. The gold…
Uranium Spills
Cameco, the Saskatchewan uranium producer, recently had its knuckles rapped for spilling radioactive waste at the Rabbit Lake mine. In late December, 1.9 million litres of radioactive water spilled fr…
Uranium price recovery unlikely, Greenpeace says
There is no hope of a uranium price recovery this decade, Greenpeace International predicts. The environmental group recently released a report in Australia entitled “Uranium Demand, Supply and Prices…
Conwest set to merge with MRI and Barons
Toronto-based Conwest Exploration (TSE) says the terms of a proposed merger with its two subsidiaries Mineral Resources International (TSE) and Barons Oil (TSE) have been unanimously approved by the b…
Alberta Stock Exchange Northfield up 20 cents
Northfield Minerals moved up 20 cents to $1.70 after announcing it has finalized a deal to acquire control of the Cheminis gold mine property near Kirkland Lake, Ont. An underground development and ex…
Vancouver Stock Exchange Market survives plummeting gold price
Gold’s plunge on March 26 from the US$490 level to the $US366 level emphasizes its potential volatility, the lack of solid trading statistics and, if we are to believe the some of the rumors, the rela…