News

Assay results from recent drilling on Gamsan Resources’ (ASE) Brabant Lake property in northern Saskatchewan have confirmed the presence of a lens of high-grade polymetallic mineralization. Gamsan’s 1…

Jules Timmins’ finest hour, and his claim to mining fame, occurred when he brought into being the iron ore fields of northern Quebec and Labrador, in one of the greatest projects in Canadian mining hi…

The board of directors of Roddy Resources (TSE) has approved the settlement of debts owing to the company’s chairman, Walter Callum. Under the settlement, subject to all required approvals, Callum wil…

With its Anoki gold project in the feasibility stage and underground exploration under way at the Kirkland West property near Kirkland Lake, Ont., Queenston Gold Mines (TSE) is hoping to become a gold…

VANCOUVER Bellwether Res Ltd — rt exerc on 175,000 @ 55 per sh. Moongold Res Ltd — 600,000 sold for gross $210,000. West Pride Ind Corp — rt exerc on 457,266 @ 66 per sh. Mishibishu Res Ltd — 1,…

Surveying and clearing work will proceed this winter on a road to link Wawa and Dubreuilville to the Kremzar and Magino gold mines, Northern Development Minister Rene Fontaine said. “I believe that th…

U.S. Gold Corp. of Denver, Colo., reports net income for the 3-month period ended Sept 30 of $352,000 (US) or 1 per share on revenue of $1.9 million. For the same period a year earlier the company re…

If coal is such a hard sell these days, why not convert the energy contained in the rock into a form that is more salable? Two coal mining companies in British Columbia’s Elk Valley, for example, ar…

La Fosse Platinum (TSE) has made an offer to purchase up to a 60% interest in Louvicourt Gold Mines (COATS). La Fosse is offering one of its shares for every four common shares of Louvicourt. The offe…

The new Canadian Mining Hall of Fame recently welcomed its first 12 members during a gala induction banquet held at the Royal York Hotel in Toronto. Maurice Brown, chairman of the Hall of Fame, presid…

An underground adit has intersected a downward extension of the Kensington vein on Echo Bay Mines’ (TSE) and Coeur d’Alene Mines’ (Amex) gold property located 50 miles north of Juneau, Alaska. The vei…

A major initiative now under way by the Ontario Geological Survey will eventually see a new set of comprehensive geology maps produced for the province by 1991. Chief geologist of the province’s Preca…