Cameco exercises Golden Rule option
Saskatoon-based Cameco has given notice to Golden Rule Resources (TSE) that it will exercise its option to purchase the latter company’s 30% interest in the Fork Lake and Transom Lake gold projects, n…
News
Equity Silver to deep drill “Lupin-style” Argus project
Argus Resources (ASE) says it is becoming increasingly certain that sedimentary rocks at its Esker Lake project in the Northwest Territories are similar to those at Echo Bay’s (TSE) Lupin gold mine. A…
Evaluating dynamics of crown pillars
Mining is the pillar of the economy for many small communities in Canada. But as some towns have recently discovered, the surface crown pillars of abandoned mines may not be structurally sound. In fac…
Orex has two-phase plan for Goldboro development
In the midst of an underground 99-hole drilling program, Exploration Orex (ME) is confident the results will allow it to continue its 2-phase program to bring its Goldboro gold project in Nova Scotia …
Obituary Alexander Pope
Alexander Pope, a long-time resident of the old silver mining camp of Gowganda and a well- known prospector, died Dec. 31 in Englehart, Ont. He was 100 years old. He led an active life in the field we…
PDAC
Members of the New Brunswick Prospectors and Developers Association (NBPDA) will raffle a dore bar at the 58th annual convention of the Prospectors and Developers Association of Canada (PDAC) in Toron…
Sparton, Freewest
Sparton Resources (TSE) and Freewest Resources (ME) are starting a drill program on their jointly optioned claims near Helena Lake, 35 miles north of Fort Frances, Ont. The drill program will test a g…
Metina releases first holes from Belleterre nickel bet
Toronto-based Metina Developments (VSE) and affiliate Manridge Explorations (TSE) are encouraged by recent drill results at the Gouboury Twp. copper-nickel project in the Belleterre region, 100 miles …
Redfern takes option to earn 50% interest in copper-zinc-gold bet
Redfern Resources (TSE) has signed an option agreement with Cumberland Resources (VSE). The deal gives Redfern the right to earn 50% of Cumberland’s interest in a base metals project held under option…
Crown stops work
Partners Crown Butte Resources (VSE) and Noranda Exploration, an affiliate of Noranda (TSE), have been forced to stop exploration on their Black Hill’s gold project in South Dakota. The companies stop…
Editorial COATS and the OSC don’t mix
For almost four years now, the Canadian Automated Over-the- counter Trading System has been, in effect, trying to carve out a market niche for itself. When barely one year old, it survived the market …
Naxos releases fire assays from Shumway Lake gold bet
Flotation concentrates taken from a bulk sample on Naxos Resources’ (ASE) Shumway Lake gold property in British Columbia have assayed as high as 0.027 oz. gold per ton and 13.07 oz. silver. Naxos says…