Underground work has started at Flanagan McAdam Resources’ Magnacon gold property in the Mishibishu Lake area of northern Ontario. Flanagan holds a 50% interest in the property while associated compan…
A letter of intent has been signed between Hudson Bay Mining and Outokumpu Mines, which if concluded, will establish a joint venture partnership commited to exploring and developing Hudson Bay’s Namew…
The price of cobalt, which has been tumbling since the beginning of the year when it was about $11(US) a pound, climbed to their its highest price since June when it topped $7 this week. Production in…
Chesbar Resources has dropped an option on proven oil reserves in the Beaufort Sea and has put Murgold Resources’ gold property in Ontario’s Swayze area at the top of its property list. The oil ventur…
Trading was back to about normal this week in Calgary, with 5,549,500 shares traded, almost double the previous week’s slow market. The most active issue was Sweany Gold Corp., trading close to 760,00…
The amalgamation of Faraday Resources and Marcon Canadian Holdings Inc., a private company, was approved by Faraday shareholders at a meeting held Aug. 21 with the amalgamated company continuing under…
A $562,000 exploration program has been recommended for Matt Berry Mines’ Moss Lake property, 70 miles west of Thunder Bay, Ont., the company says. The property, which comprises three claim groups tot…
Goldcap Inc. has entered into a joint venture agreement with Noranda Exploration which will see Noranda perform exploration work on the Tommy Jack property near Prince George, B.C. Goldcap, which has …
It costs mining companies a bundle funnelling money into Ontario’s Workers Compensation Board, but it’s a social cost that, like motherhood, has its own imperative of need and necessity. The board, …
A new gold zone has been discovered on B.Y.G. Natural Resources’ Mt. Nansen property 37 miles west of Carmacks, Yukon. The property is 100% owned by the company and is under option to Chevron Minerals…
Gold mining is now the brightest, most profitable and fastest growin g segment of the North American mining industry. And the price of the metal, which has been unusually strong in recent weeks, still…
With eight surface drills working on the eastern section of Lac Minerals’ Bousquet gold mine near Noranda Que., the activity level is not only high but it is also generating good results. A total of 1…
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