News

Reserves could double at Echo Bay’s McCoy prospect

If infill drilling at Echo Bay’s Cove gold deposit produces the expected results, drill-indicated reserves at the Nevada property could double, the company said recently. The Cove deposit is on the sa…


Granges will operate Alpine project

Granges Exploration will take over as operator of the Alpine gold project of Cove Energy Corp., under a multi-faceted agreement between the two companies. The project is located near Nelson, B.C. Cove…


Tyranex Gold Inc. announces offering

Toronto-based Tyranex Gold has completed a private placement of 200,000 units, each unit comprising one company common share and one common share purchase warrant to purchase a single common share at …


Drilling continues at Normetal bet

Drilling continues at the Normetal property of Normetal Mining Exploration in northwestern Quebec, where results from two holes have been made available. Hole 87-18, over a true width of 22.1 ft, retu…



Norbeau, Northgate in Lemoine venture

Under a joint venture agreement with Northgate Exploration of Toronto, Norbeau Mines can earn a 60% interest in a former producer called the Lemoine mine property within four years. Located approximat…


Vista is financing for Bootleg project

Vista Mines reports it has filed a preliminary exchange offering prospectus for a public offering of common shares with the Toronto Stock Exchange, and securities commissions in Ontario, Manitoba, Sas…



Queries ConRex moves to merchant banking

I am writing to you to find out what happened to the assets of Consolidated Rexpar Minerals which has become part of merchant banking group. When I bought the stock, “ConRex” was 46.9% owned by Deniso…


Northfield bets heavily on Kirkland West claims

Northfield Capital Corp. of Toronto and a private company called Canadian Ore Mining are about to take a $50-million gamble which they assume is a safe bet. In signing a letter of intent to earn a 50%…


Minnova plans major drilling

Another 33,000 ft of drilling is planned by Minnova Inc. on its Samatosum property in the Kamloops area of B.C. The program is under way and three drills are being utilized. One of the rigs is drillin…


Petromet, bids to increase Fifteen Mile bet reserves

In a bid to increase reserves at Pan East Resources’ Fifteen Mile Stream property in Nova Scotia, Greenstrike Gold Corp. and Petromet Resources have expanded their evaluation program at the property. …


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