A private placement of shares and warrants will raise Belmoral Mines’ interest in Canreos Minerals (1980) from 14% to 39.6%. Under the agreement, Canreos will issue Belmoral two million shares at 80 c…
In our Oct 5 edition, it was reported that Fleck Resources can earn a 55% interest in Coventry Ventures’ Bedivere Lake platinum poject near Thunder Bay, by spending $1 million on exploration before Oc…
Two drill rigs have been mobilized to carry out 30,000 ft of diamond drilling in stage 2 work on the gold project of Golden Terrace Resources at Richardson Lake, some 70 miles east of Red Lake, Ont. T…
There’s nothing quite like a major market correction for knocking the euphoric wind out investors. These are nervous and tense days indeed, which have witnessed a 120-pt five day losing streak gain st…
About 6,400 ft of drilling has been completed on a 54-claim property held by Golden Zone Developments in Alaska. Of the 18 holes drilled, 13 were in the Golden breccia pipe and five holes tested veins…
It is amazing what good planning can do for a mine. Thanks to a new ramp, being driven this year by Giant Yellowknife Mines (the operating arm of parent Pamour Inc.) to connect all levels in the big 1…
While a drop in gold bullion prices has forced Canadian gold issues to swallow some temporary losses, Alberta investors appear to be betting on the price of silver. That appears to explain why Jascan …
Associated Porcupine Mines has declared a stock dividend of one common share of Tanager Resources (formerly 716206 Ontario Ltd., a wholly-owned subsidiary of Associated Porcupine Mines, for each commo…
Work on the Barraute property in northwestern Quebec is to resume, Barexor Minerals reports. The Hughes-Lang group, project operator, through Arbor Resources and Kangeld Resources, plans a $4-million …
A deal has been struck by A. N. Ferris, president of Kewagama Gold Mines and related parties, whereby they will sell to a numbered company, 731559 Ontario Ltd., 1.4 million shares (representing more t…
Production is scheduled to begin in February at Cliff Resources’ Olinghouse placer gold mine in Nevada, the company reports. Cliff is forecasting a production rate of 25,000 oz gold per year; three ye…
A stay of execution has been granted Lac Minerals in the Page Williams gold mine transfer by Justice Alvin B. Rosenberg of the Supreme Court of Ontario, pending Lac’s application for leave to appeal t…
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