Blue Emerald starts Lac St. Jean program
A $500,000 exploration program has begun on a group of four grassroots exploration properties under option to Blue Emerald Resources’ (VSE) in the Lac St. Jean area of Quebec. The largest of the four …
News
Teck to increas stake in Cominco Golden Knight
In a joint notice of intention filed and accepted by the Toronto Stock Exchange, Teck Corp. (TSE), M.I.M Canada and Metall Mining Corp. (TSE) revealed plans to buy additional common shares of Cominco …
Taiwan in market for more gold
The government of Taiwan is in a gold-buying mood again. The Far East nation was extremely active in 1988 when purchases were said to have added 181 tonnes to its gold reserves. International securiti…
Front Picture
Morten Riset, a refinery operator with Cheni, stands beside gold bar at the Lawyers mine site. Photo by The Northern Miner…
Low gold prices forcing closure of MacLellan mine
After much success in reducing costs, improving efficiencies and increasing gold production, LynnGold Resources (TSE) fell victim to plummeting gold prices. After sustaining continued losses at its Ma…
American Ore begins exploration at Iskut
American Ore (ASE) has begun its exploration program on the Iskut joint venture property equally owned by American Ore, Golden Band Resources (VSE) and Prime Resource Corp. (VSE). The property is loca…
Drilling completed on 007 gold property
Vancouver-based 007 Precious Metals (VSE) has completed a 10-hole drill program on its Rainbow Island property at Sturgeon Lake in northwestern Ontario. The shallow drill program tested known gold-bea…
Fleck seeks partner
Fleck Resources (VSE) is seeking joint venture offers for its Dunka Road base metals deposit in Minnesota. An in-house reserve estimate concludes the deposit hosts 170 million tons of material grading…
Fairbanks drilling hits 1,130 ft of 0.043 oz gold
Recent drilling by Fairbanks Gold (VSE) at the Fort Knox property near Fairbanks, Alaska, has encountered broadly disseminated free gold extending from surface to a depth of more than 1,000 ft. Becaus…
Faraday, Jascan deal
Faraday Resources (TSE) has completed the purchase of a 40% interest in Jascan Resources (TSE). Jascan has $7 million in cash and short-term investments. The company’s main mining interests are a roya…
Law MORE ON DEFAULTS
In the last instalment on the subject of defaults (see May issue), we left the villain having defaulted under option arrangements and considering the potential of defaulting under farm-in/joint-ventur…
FORMIDABLE EXPERTISE
More than 700 people in and around the town of Campbell River on Vancouver Island make their living in Strathcona Provincial Park, some earning more than $80,000 per year. These people aren’t raking l…