News


Queenston busy on five gold projects

Diamond drilling is set to get under way this month on five separate gold properties owned by Queenston Mining (TSE) in northern Ontario. Work programs are starting on the company’s Upper Beaver and V…


Major General drilling on Pickle Lake project

A 6,500-ft. drill program has started on Major General Resources’ (VSE) Dorothy Lake gold project, about 50 miles west of Pickle Lake in northwestern Ontario. The 62-claim property is about nine miles…



Volatile gold price slows mines startups

The decline in gold prices over the past two years has slowed new gold mine development worldwide, reports the London-based Mining Journal. The slowdown is most obvious in North America and Australia,…



Gold glass cuts energy expenses

The recently inaugurated Las Vegas Mirage Hotel is equipped with a device to reduce air-conditioning and heating costs, according to a report by The Gold Institute in Washington, D.C. In the summer, M…


OBITUARIES Norman Ursel led Noble Peak north

Norman Ursel, president of Noble Peak Resources and Norman H. Ursel Associates, died in Toronto, Ont., May 29. He was 63. Ursel is best known for his pio 0000,0600 neering activities in Canada’s far n…



Perrex, Teck agreement

An exploration agreement has been concluded by Teck (TSE) with Perrex Resources (ASE) and Gwen Resources (ASE), covering the latter companies’ gold property in northwestern Quebec. Teck can earn a 60%…


U.S.REPORT Equinox cuts deals in Nevada

Two earn-in agreements signed by Equinox Resources (TSE) could see up to US$1.5 million in exploration funds spent on the company’s Nevada properties. The first joint venture grants Amax Gold (NYSE) t…



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