Consolidated Reactor Uranium Mines, (which plans to change its name to Canaustra Gold Exploration), says it has started a phase-1 exploration program on its gold prospect in Ontario’s Hemlo area. The …
A joint venture is being arranged between California Gold Mines and Pegasus Gold for the purpose of placing the Stewart Outcrop zone into production on California Gold’s 100%-owned Zaca property locat…
Gold exploration at mid-summer has been marked by new companies emerging on the Atlantic Canada mining scene and an established company expanding its operations into another industry. Atlantic Goldfie…
A street rumor which has American Barrick Resources making a play for an interest in Placer Development has been denied by a senior American Barrick official. Placer is part of a proposed amalgamation…
Noranda Exploration has announced assay results from three holes at Banbury Gold Mines’ Hedley property in south-central British Columbia. A 133-ft intersection in hole 87-13 graded 0.11 oz gold and t…
Neptune Resources reports it has an agency agreement with Wood Gundy for the private placement of 500,000 common shares from treasury at a per-share price of $5.625, for an aggregate price of $2,812,5…
Exploration programs have been designed for two properties held by Davidson Tisdale Mines, Vital Pacific Resources and Marvic Resources, a private company. The work will examine two gold properties in…
An article in the June 29 issue of The Northern Miner titled “Newfields sees cash flow start by late 1987” contains numerous erroneous and totally misleading statements. Newfields Minerals states that…
Granges Exploration has optioned Almaden Resources’ Wampum claim block in southeastern Manitoba. The block comprises about 260 sq mi and covers the southwesterly extension of the Wabigoon greenstone b…
Marker Resources of Calgary recently completed a $1.4-million subscription agreement with First Exploration Fund 87 to finance exploration activities on joint venture properties in Newfoundland and Ma…
A bout of profit-taking capped another record-smashing week on the Toronto Stock Exchange. Fueled by increasing tensions in the Persian Gulf, gold bullion prices soared on Aug 3 to $478(US) per oz. At…
With the price of gold on the rise, surging resource issues pushed the Montreal Exchange’s market portfolio and mining and minerals indices to record levels this past week in moderate trading. The mar…
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