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…
News
Toronto Stock Exchange Court news rally gives way to retreat
An Ontario Court of Appeal decision this week re-affirming an earlier court ruling to award International Corona Resources the Page Williams gold mine put into production by Lac Minerals in northern O…
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…
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…
Investment Comment Bull market in late stages: Analyst
During a week when a number of prominent gold issues were rocked by a sudden drop in the price of gold bullion (from $460(US) to $454.90), a prominent investment publication had some more bad news. In…
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…
Test mill operative in December, say Muscocho, McNellen
A 400-ton-per-day test gold mill under construction in the Goudreau area of northern Ontario could become operative in December, Muscocho Explorations and McNellen Resources report. The joint-venture …
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…