McFinley bulk test in three months time
Milling of a 20,000-ton bulk sample is expected to begin within three months, McFinley Red Lake Mines says. The company says drill-indicated reserves on its gold property near Red Lake, Ont., total 89…
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Lightening drills on Dome Lake bet
A 4,000-ft drilling program is under way at the Dome Lake property located about 40 miles northeast of Yellowknife, N.W.T., by Lightening Minerals. Exploration work on this 32-claim property has so fa…
Montreal Exchange Vassan leads way
Call it a downturn or a correction, trading on the Montreal Exchange this past week was generally less spectacular than in preceding weeks, although resource issues continued to be actively traded. To…
Syngold on TSE
Active in Ontario and Quebec, Montreal-listed Syngold Exploration is now also listed on the Toronto Stock Exchange effective April 1. The original tse listing in the mining category is for 8,544,553 s…
Stockmen name change
Shareholders of Stockmen Energy approved a name change to Stockmen Oil and Gas, the company says. Also, approval was received for a consolidation of shares on a 1-for- 10 basis.
Alberta Stock Exchange Shabu holds gains
After a brief halt at $9, Shabu Gold Mines resumed trading in the $10.75 range. The issue hit a high of $12.75 during the week — up from 35 cents in February. Incredibly however, the hugh price rise…
Queries International North American goes to court
It would be appreciated if you could review any recent developments which would account for the dramatic fall in the price of the shares of International North American Resources. Of particular intere…
Iron River on gold property
A first-phase exploration program has commenced at Iron River Resources’ Loughborough Inlet gold property, 35 miles north of Campbell River, B.C. A 2.5-mile access road will be rehabilitated, a helico…
Zahavy elevuating purchase of Getty’s 50% in Favourable Lake
Alberta-listed Zahavy Resources says it has been advised by Getty Resources that a third party has made an offer-to-purchase Getty’s 50% interest in the Favourable Lake joint venture property located …
Novamin accepts Breakwater offer
The board of Novamin Inc. has accepted a takeover offer by Breakwater Resources, subject to the completion of a definitive agreement. Terms of the proposal would see Breakwater issue one share for two…
Canamax has discovery near Kremzar property
A new gold discovery has just been added to the portfolio of Toronto-listed Canamax Resources. The site of the discovery is at its wholly-owned Lochalsh project, located in the Goudreau gold belt 35 k…
Toronto Stock Exchange Golds shine as skittish bull pulls market
Once again golds set the market on its ear with a rise that seemed to defy gravity itself. Spurred on by worries of a sinking U.S. dollar, bullion prices soared to a high of over $420(US) an oz while …