Persistent exploration efforts by Minnova (TSE) around the company’s Winston Lake mine near Schreiber, Ont., have resulted in the discovery of a significant new zinc-copper zone about 1.5 km southwest…
Through a proposed public offering of 3.2 million units, Agnico- Eagle Mines (TSE) will raise $27.6 million for its exploration and development projects. The units, offered on a “bought deal” basis by…
Drilling of the Lightning gold zone in Harker and Holloway twps. in northeastern Ontario continues to excite operator Noranda and project partner Freewest Resources. Several intersections cutting more…
An agreement has been signed between Inco Alloys International (IAI), a division of nickel giant Inco (TSE), and American Superconductor Corp. (ASC) of Massachusetts related to joint development of IA…
Volume leader during the week ended Aug. 21 was Yukon Minerals which traded more than a million and a half shares for a gain of 12 cents. The Yukon issued closed at 28 cents after the company announce…
A 6,000-ft. diamond drill program is slated to begin shortly on the Webb copper- gold prospect where Moondust Ventures (VSE) can earn up to a 70% interest from Grand America Minerals (VSE). The proper…
The first phase of an underground drilling program on the C lens, discovered near the 1100 lens at the Mobrun polymetallic mine near Rouyn-Noranda, Que., has been completed, Audrey Resources (TSE) rep…
As a result of a cost reduction program at the Quintette mine, the company has permanently dispensed with 63 salaried positions and eight hourly positions. The program also includes a temporary layoff…
Aug. 21 Aug. 20 Aug. 17 Aug. 16 Aug. 15 HIGH LOW Composite “300” 3457.65 3487.69 3491.90 3509.99 3508.08 4009.47 3334.13 Metals & Minerals 3064.07 3129.37 3147.33 3168.33 3197.88 3453.06 2850.84 Integ…
Weak precious metal prices and a strong Canadian dollar were two factors that forced Audrey Resources (TSE) to break out the red ink when reporting its first-half financial results. The Rouyn-Noranda,…
Joint venture partners Akiko- Lori Gold (VSE) and Noranda (TSE) have reported more low-grade gold intercepts from an ongoing work program at their Springpole property, 70 miles northeast of Red Lake, …
A 20,000-30,000-ft. diamond drilling program is being planned by Black Hawk Mining (TSE) for the company’s Minago nickel property, 140 miles south of Thompson, Man. Black Hawk says the drill contract …
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