Production and gold grades are both up at the Indian River placer project, Gold City Resources (ASE) said recently. Located 35 miles southeast of Dawson City, Y.T., Indian River is a joint venture inv…
Judgment was reserved by the Supreme Court of Canada in an appeal by LAC Minerals (TSE) to overturn an Ontario Supreme Court ruling and win back the lucrative Page-Williams gold mine located in the He…
Drilling is scheduled to begin this month on Reed Lake Exploration’s (ASE) gold property, located northwest of Wawa, Ont. The 19-claim property hosts an iron sulphide deposit containing 900,000 tons o…
Drilling will resume this month on the Lac Rouleau gold project, partners Beaufield Resources (TSE) and Falconbridge Inc. (TSE) say. Located in Urban and Barry twps., Que., the Lac Rouleau project was…
Encouraging gold assays have been received by Hardrock Extension (TSE) from the company’s gold property near Geraldton, Ont. Surface stripping and sampling have tested the VG zone for 80 ft. Some of t…
Attending the ribbon-cutting ceremony at the joint-venture Muscocho Explorations (50%) and McNellen Resources (50%) Magino mine were, from left: Frank Johnson, Muscocho’s general manager mining operat…
A financing for ERG Resources (TSE) big tailings recovery project near Timmins, Ont., has been arranged. A $41 million gold loan has been provided by Westpac Banking Corp., based in Australia. Pamour …
A drifting program on the Congress gold property of Levon Resources (VSE) and Veronex Resources (VSE) near Gold Bridge, B.C., recently intersected a 630-ft long zone grading 0.33 oz gold over an avera…
Westfield Minerals (TSE) of Toronto has completed an additional 4,000 ft of diamond drilling on the Little River property in Newfoundland. Westfield and its joint venture partner Anglo-Dominion Gold E…
Consider an investor of modest means who holds 100 shares of Inco. How do you think that investor will vote when the company’s board of directors ask his approval to implement a “shareholders’ rights …
Week’s Price (US) Change Gold (per oz) $410.80 + $6.10 Silver (per oz) $6.32 + $0.06 Platinum (per oz)$539.00 + $22.00 Copper (per lb) $1.37 + $0.10 Lead (per lb) $0.29 -…
Opening new gold mines will almost always take longer than expected and, because more time means greater cost, companies planning to start new mines should be prepared for those costs says Canamax Res…
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