New gold occurrences discovered in Red Lake
In addition to examining former gold producers and developed prospects, much effort has been directed towards new and unexplored gold occurences. For example, St. Joe Canada and Nexus Resources have o…
News
Tamavack, Maple Leaf: good results
Follow-up drilling at the Fountain Lake gold property of International Maple Leaf Resource Corp. and Tamavack Resources west of Thunder Bay, Ont., has yielded some more impressive assay values. Partia…
Ateba can earn 50% interest in Chutine’s Stover project
A joint venture agreement between Chutine Resources and Ateba Mines gives the latter the right to earn a 50% interest in Chutine’s Stover gold- silver property near Missanabie, Ont. Abeta must spend $…
Mine operating results at Bell Cr pick up, Pamorex
The exploration and development arm of the Pamour Group of companies, Pamorex Minerals, reports a net loss of $309,000, or 2 cents per share, in the third quarter ended Dec 31. Chairman Clifford Frame…
Other factors could push gold price despite stronger U.S. dollar
Gold has tumbled sharply in recent days. The absence of any obvious inflationary pressure in the U.S., a firmer U.S. dollar and the market’s perception that the U.S. economy may be slipping into reces…
Montreal Exchange Amalgamation plan
News that two Hughes-Lang companies active in northwestern Quebec, the producing D’Or Val Mines and the soon-to-be-producing Perron Gold Mines, are planning to merge brought differing results. D’Or Va…
Newhawk resumes Sulphurets work
Exploration work has resumed at Newhawk Gold Mines’ Sulphurets project north of Stewart, B.C. The company has a 60% interest in the property and Granduc Mines 40% Newhawk President Donald A. McLeod ex…
Disappointing results at Golden Hat prospect
Vancouver-listed Golden Hat Resources recently completed a limited drill program at the Dunkin property in the Narrow Lake area, 45 miles northeast of Red Lake, Ont., the company said recently. Accord…
In light of Lac-Corona suit plan your site visit carefully
A former president of the Prospectors and Developers Association of Canada has some advice, in light of the Hemlo land dispute involving Lac Minerals and International Corona Resources, for someone th…
HSK Minerals get foothold in a thriving Mishibishu area
Toronto-based HSK Minerals says it has gained a significant foothold in the thriving Mishibishu Lake area near Wawa, Ont., by acquiring a 100% working interest 52-claim mineral property. HSK says the …
Bethlehem focus on mining
Having recently changed its name from Parkside Petroleum, Bethlehem Resources is now changing its focus from oil and gas to mining. Headed by Henry Ewanchuk, a past president of Mascot Gold and former…
Dividend Brief
Denison Mines has declared a stock dividend equivalent to 25 cents on its class A and B shares payable in the form of class B shares on Mar 11 to shareholders of record Mar 9. A cash dividend was last…