SOQUEM, Equity regional’ find
A gold-bearing structure consisting of quartz-tourmaline-pyrite mineralization has been outlined on the Olga Lake property of SOQUEM and Equity Silver Mines (TSE), about 40 km east of Matagami, Que. S…
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Canamax, Belmoral settle out-of-court over Ketza River
An out-of-court settlement has been reached between Canamax Resources (TSE) and Belmoral Mines (TSE) over Belmoral’s decision last year not to purchase Canamax’s half-interest in the Ketza River gold …
Gold Vessel likes cash flow, promised by Arizona gold bet
Gold Vessel Resources (ASE) recently agreed to invest up to $1.5 million in an old Arizona mining property in the hope that it will generate some quick cash flow while yielding as yet undiscovered gol…
Louvem asks for injunction to stop Aur drilling plan
Societe Miniere Louvem (TSE) and parent company St. Genevieve Resources (TSE) have applied to a Quebec court for a provisional injunction to halt surface exploration at the Louvicourt Twp. massive sul…
Cassiar assumes McDame development
Cassiar Mining (TSE) recently assumed responsibility for completing work on its $50-million McDame asbestos project in British Columbia. Prior to Dec. 20, Hillsborough Resources (TSE) of Toronto was w…
U.S. Gold seeks to overturn appeal
In what Atlanta Gold (TSE) sees as a highly unusual move, U.S. Gold (NASDAQ) has made an application to the British Columbia Court of Appeal for a rehearing to determine which slate of directors was e…
Metal snips Bougainville on care and maintenance
Owners of the Bougainville copper-gold mine in Papua New Guinea have placed the project on a “care and maintenance” basis. Capable of turning out 180,000 tonnes copper per year, the mine was closed Ma…
LAC, Rouyn hit good widths at Francoeur mine
Exceptional widths are being encountered at the Francoeur gold mine, owned equally by Rouyn Mining Resources (TSE) and LAC Minerals (TSE). Situated near Rouyn, Que., the Francoeur mine entered product…
Vancouver Stock Exchange Kokanee makes gains
Economists have been warning that a recession is just around the corner for at least the past several years. This year, with increasing evidence that the economy is indeed slowing down, the talk is be…
Wye Resources shuffles board
The board of directors of Wye Resources (COATS) have accepted the resignation of Martin Oosterveld as the company’s president and James Myslicki as vice-president. Elected as Wye’s new president is Da…
Kidd Creek back to running order after Jan 5 fire
Operations at the Kidd Creek metallurgical complex in Timmins are in high gear once again, following a fire Jan. 5 at the company’s concentrate loadout building. The fire destroyed three discharge bel…
Dundee-Palliser raises $ 1/2 m for Murgor, Grevet programs
Busy Dundee-Palliser Resources (TSE) recently entered into a couple of financing agreements designed to raise $571,300 for exploration on two northwestern Quebec projects. They include the Grevet/Moun…