Deep results at Consolidated Professor
Consolidated Professor Mines reports early results from drilling at its Duport gold property at Shoal Lake, Ont., include some “excellent” intersections from deep surface holes. The holes, the company…
News
Augmitto anticipates 3m. tons at 0.16-oz gold
A $3-million private placement of shares and warrants with institutional investors in Europe will fund the final push at Augmitto Explorations’ gold property located five miles south of here. Arranged…
Augdome completes drilling program
Fifteen holes have been drilled to a maximum depth of 600 ft on a 26-claim property adjacent to the Dome mine in Timmins, Ont. The ground, held by coats- listed Augdome Corp., has drill- indicated res…
Tandem drilling two lively bets
A drill program with two machines is under way at Tandem Resources’ Moss Lake project, about 70 miles west of Thunder Bay, Ont., says President Stanley G. Hawkins. The drill program is from the ice of…
Miners stand to benefit from improved zinc market
Despite recent weakness in the zinc market, the next few years should witness not only a firming in the zinc price but also a decline in smelting charges and consequent disproportionate increase in th…
Audrey progresses at Mobrun project
Shaft sinking to a depth of 232 m has been completed at the Mobrun project located near Rouyn, Que., shared equally by partners Audrey Resources and Corporation Falconbridge Copper. Exploration drifts…
Committed to platinum Laurasia acquires Fleck
With the acquisition of the controlling block of shares in Fleck Resources whose principle asset is the 34-million-ton platinum group metals deposit in Marathon, Ont., Toronto-listed Laurasia Resource…
Holmer drilling at Tashota bet
Drilling is under way on Alberta- listed Homer Gold Mines’ 100%- owned Tashota property north of Geraldton, Ont., reports President K. Sethu Raman. The first drill hole tested anomaly No 16 with a kno…
Market action in February more hair-raising than ever
Just when investors thought trading on the Toronto Stock Exchange had gone about as high as it could judging by the hair-curling action in January, along come the preliminary figures from February to …
Vancouver Stock Exchange Investors turn to speculative stocks
It’s been another record-breaking week on Vancouver. Trading volume has reached levels last seen when gold was twice the price it is today, suggesting perhaps the market is anticipating an uptick. In …
Major league Gold – share to double for Lacana Mining
Lacana Mining looks to be moving rapidly into the major leagues amongst gold producers in Canada. For starters, the company has concluded a $150 million deal with Royex Gold Mining Corp., which will g…
Chesbar extends ramp at Chester Twp. play
With an application made for listing on the Toronto Stock Exchange, Chesbar Resources is making progress on both the financial and exploration fronts. The company, which now trades on the Montreal Exc…