Inco spending $51 million on Coleman mine
The old Coleman mine on the north rim of the Sudbury Basin, which was shut down in 1982, will get a new lease on life. Inco Ltd. announced this week it plans to spend $51 million to access the lower p…
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McAdam boosts gold reserves at Spud Valley
Reserves in all categories have risen to 247,078 tons at an average grade of 0.41 oz gold per ton at the Spud Valley property on Vancouver Island, McAdam Resources reports. Proven and probable reserve…
Dundee-Palliser pushes for Vezza production
In an effort to bring the Vezza Twp. properties to a production mode, Dundee-Palliser Resources and partner North American Rare Metals have spent approximately $2.8 million on exploration since Septem…
Lynx discovery in Casa Berardi
A gold discovery has been made by Lynx-Canada Explorations on the company’s Massicotte property in Quebec’s Casa Berardi area. The final hole in the program cut 23.79 ft grading 0.23 oz gold per ton. …
Wescap completes exploration program
An exploration program has been completed by Wescap Enterprises on the company’s 300-claim property near Beardmore, Ont. The work included geological mapping, stripping and trenching. A drill program,…
Bresea listed on ME
Calgary-based Bresea Resources was recently listed on the Montreal Exchange (symbol bsr). Bresea, incorporated in the province of Alberta in 1980, reports it is carrying out exploration programs on pr…
Cliff to produce in ’88
Construction is on schedule at the Green Hill mine project operated by partners Cliff Resources and Canaustra Gold Exploration. Located in Nevada, the Green Hill project will process a placer gold dep…
Report from Calgary part 2
Destiny Resources led junior resource companies in November trading in ** volume and appreciation in value on the Alberta Stock Exchange. Destiny, with junior partner Noranda Exploration appears to ha…
Second joint venture for San Paulo- Teck (Head – 18 bold)
San Paulo Explorations, which recently entered into a joint venture agreement with Teck Corp. to finance a sizeable exploration program to earn a 50% interest in the latter’s Leitch mine property at B…
Toronto Stock Exchange Volatile price swings in trendless week
The herd mentality took the market over the precipice Oct 19, Black Monday, and it very well could move it right back up again in the next few months. During our review week, signs that investors are…
Nufort goes underground
The underground workings of the former Independence mine in British Columbia have been reopened by Odessa Explorations and partner Nufort Resources. Located in British Columbia, the property is subjec…
Editorial Resource financing needs a new policy
We’ve learned over the years that the wheels of justice turn slowly, and that includes Canada’s quasi-judicial securities commissions. On balance, it is probably best that they err on the side of deli…