News

The executives at Pegasus Gold may not have heard the old saying about the guy who tried to get blood from a stone, but if asked about the mining company which became famous for extracting gold from l…

Toronto-based Golden Range Resources has five diamond drills operating on five properties held under an agreement with Mingold Resources, Golden Range said recently. Under a back door acquisition agre…

It would be hard to put numbers on it, but bush pilots and the air services a lot of them have launched across Canada have played a tremendously vital role in the finding and development of this count…

Quintette Coal is located near Tumbler Ridge in northeastern British Columbia. It has long-term contracts for the supply of five million tonnes per year (plus or minus 5%) of high-quality metallurgica…

Dilution troubles have slowed operations at the producing D’Or Val Mines gold mine in northwestern Quebec but according to a company spokesman, the problem seems to have been remedied. Daniel Gosselin…

Pamour Porcupine Mines steps into the really big tonnage class this month by increasing the mill rate to 1,500 tons from the current 800 tons daily. At this rating, the Noranda subsidiary will come in…

Toronto-based United Reef Petroleums has outlined at least six major vein systems at its Alder Gulch joint venture project in Montana, the company said recently. Under a recent agreement, Canhorn Mini…

Increasing its exposure to the United States mineral exploration scene, Centurion Minerals has spent $2.2 million(US) to get varying interests in 11 mineral properties held by M. A. Hanna Co. of Cleve…

Drilling on the Monique property located east of Val d’Or, Que., has totalled 67 holes representing 15,000 m to date, Monicor Exploration reports. Three gold-bearing zones identified on the property, …

The once powerful U.S. dollar, which has been free-falling for months, continues to have a negative impact on stock markets including Vancouver. By presstime the vse index was off a dozen points to 1,…

Additional significant gold mineralization has been intersected on its Mings Bight property in the Baie Verte area of Newfoundland, according to Cuvier Mines. The company says drill hole No M87-15 int…

A strike at Lac Minerals’ Bousquet No 1 mine and two associated mills near Malartic, Que. has brought operations to a complete standstill, the company said recently. After rejecting a new 3-year offer…