News

Letters to the Editor Pickens after coal, not gold?

Reference is made in your article in the Sept 28 issue, “Newmont pushed to wall by gold-hungry Pickens.” The reader questions that Pickens is really interested in gold. He is smart enough to know that…


Sitka Gold formed for Chicagof mine

Three companies involved in the Chichagof mine project 80 miles southwest of Juneau, Alaska, have put their respective interests into a new entity called Sitka Gold. Holding the largest equity positio…


Montreal Exchange Seniors show way

While the junior mining companies have tended of late to be among the active issues on the Montreal Exchange, two of the “senior” mining firms shared the limelight this week. Lac Minerals, which dropp…



Minieres du Nord plans decline at Isle-Dieu bet

Encouraging results have been reported by Explorations Minieres du Nord from its Isle-Dieu gold property in the Matagami Lake area of northwestern Quebec. Among the better assays was hole 837W-1, whic…


Panorama set to evaluate potential of two projects

With two advanced-stage gold properties now under option, Panorama Petroleums is moving quickly to evaluate its production potential. Reflecting its new emphasis on mining, the company also plans a na…


Alberta Stock Exchange Ateba trades heavily

News that Ateba Mines has started milling operations at its Beardmore, Ont. gold properties sparked considerable investor interest in the Toronto based company. On a day when volumes were well down, …


Golden Range gets B.C. silver project

Golden Range Resources has optioned a 7,200-ac property near Revelstoke, B.C. The company can earn a 100% interest in the ground by spending $500,000 on exploration over a 5-year period and making cas…


First gold is poured at Black Swan mine

Gold has been poured at Black Swan Gold Mines’ Gabanintha project in Western Australia. The $12-million(A) development is expected to produce about 40,000 oz gold per year, 25% of which will go to Bla…


Yorbeau, Bourlamaque reach agreement

An agreement has been signed by Yorbeau Resources and Bourlamaque Mining Exploration whereby the latter may earn a 50% interest in Yorbeau’s Vauper property in northwestern Quebec. Bourlamaque may ear…



Belmoral Mines would buy major interest in Louvem dw

The Quebec mining firm Louvem Inc. has attracted a second suitor. Toronto-based Belmoral Mines says it is prepared to spend $20 million to purchase a majority interest in the Val d’Or gold producer. B…


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