News


Queries Sunburst President hopes for better days

I am writing to request some information on a company called Sunburst Exploration. When I last heard from them, they were involved with Soquem and Sullivan Mines in a joint venture property at Rouyn-N…



Editorial Stephen B. Roman

The death of Stephen B. Roman is truly a milestone in the history of Canada’s mining industry. Seldom has one man put his stamp so firmly on such a large mining enterprise. Seldom has the grip of one …


Onitap gets claim

Onitap Resources has optioned a 37-claim property near Goldboro, N.S. The property covers four old shafts which were used to access several gold veins in slate beds years ago. The property is near the…


No glitter at Glimmer

An 8-hole drill program financed by Canamax Resources on a property held under option from Glimmer Resources, has failed to intersect any significant gold mineralization, Glimmer says. Located in Barn…


Nickel prices flying high

Demand for nickel in a period of tight supply is driving the price of the base metal sky-high. The spot price for nickel on the London Metal Exchange (lme) had risen to the $8.70(US)-per-lb range at p…



American Platinum gets flow through

A $1-million flow-through share funded platinum exploration program is being planned by American Platinum Inc. for this year. The program will follow up encouraging results from work completed last ye…


Rayrock outlines Costa Rica Deposit

Work completed by Rayrock Yellowknife Resources has outlined proven and probable reserves on the Bellavista property in Costa Rica in excess of 10 million tons grading 0.05-0.07 oz gold per ton. Other…


Sable has good assays on Cassiar gold bet

Encouraging gold assays are reported from a $500,000 underground program recently completed on Sable Resources’ Quartzrock Creek gold property near Cassiar, B.C. The No 2 vein has been exposed by a de…


New Ego zone

A new gold zone has been uncovered by Ego Resources of Toronto on its Goudreau gold property near Wawa, Ont., the company reports. To date, 26 holes have intersected a gold-bearing shear zone which ha…


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