Bresea has dollars for Back-River bet
Calgary-based Bresea Resources (ME) has secured $285,000 from two flow-through share issues to finance exploration at its wholly- owned Back-River claims in the Northwest Territories. Under separate a…
News
B.C. heap leach producing gold, silver
The Union heap leach project operated by Sumac Ventures (VSE) near Grand Forks, B.C., generated gross revenue from the six heaps to Oct 1, of $659,804, the company reports. Sumac is treating tailings …
Chesbar, Murgold report drilling confirming continuity
Underground drifting and drilling programs at the Chester Twp., gold property being developed by Chesbar Resources (TSE) and Murgold Resources (TSE) in northern Ontario continue to confirm the continu…
Dickenson and Wharf merger called off
Recent changes in stock market conditions have scuttled the proposed merger between Toronto- based Dickenson Mines (TSE) and Wharf Resources (TSE). Although the directors of the two companies continue…
Eskimo Point overlooked
Being a long-term resident of the Keewatin region of the Northwest Territories, specifically Eskimo Point, I am offended by The Northern Miner’s insinuation that exploration activity in our region is …
Good values found at Globex property
Globex Mining (ME) of Rouyn- Noranda recently announced some significant gold values at its Duquesne West property in Duparquet and Destor twps. in Quebec. While analyzing some old drill core the comp…
American Barrick reports 31% jump in net earnings
The 31% increase in net earnings for American Barrick Resources (TSE) in the first nine months “reflects strong growth in production, a substantial increase in operating income and a higher averaged r…
Canaustra Gold acquires China First shares
Canaustra Gold (VSE) has agreed to acquire 1.2 million shares of China First Capital (VSE) and will receive 600,000 share warrants exercisable for one year into common shares of China First at 80 per …
Latest results from War Eagle disappoint market
What had been touted as a major new gold discovery in southwestern Idaho appears to have fallen short of expectations. Indeed, investors greeted the latest results from War Eagle Mining (VSE) with a m…
Alberta Stock Exchange Scotia Prime a mover
An exploration program undertaken by Golconda Resources at its Morning Glory gold property in Idaho continues to hold the attention of Alberta investors. As news spread that Golconda is mobilizing a d…
Encouraging results from Kennedy River
The first three holes of a $1 million exploration program by International Coast Minerals (VSE) on its Kennedy River properties on Vancouver Island, B.C., have all intersected gold mineralization. The…
Orofino contemplates next move at remote Canuc bet
With all the results in now from a 10,000-ft drill program at the Canuc Resources (TSE) property in the Northwest Territories, Orofino Resources (TSE) is contemplating its next move. Orofino can earn …