Efforts to ensure that mining and exploration get a fair hearing from government stand to gain ground as a result of the recent formation of the Ontario Mineral Exploration Federation (OMEF). OMEF is …
The largest exploration program in the Adams Plateau area will be initiated by Minnova Inc. (TSE) whose Samatosum copper-lead- zinc deposit is scheduled for production later this year. The Minnova pro…
The two publicly traded companies that own Alta Gold Company, a precious metals producer based in Salt Lake City, Utah, are planning to merge. Silver King Mines (NASDAQ) and Pacific Silver Corp. (NASD…
With reductions in federal revenue-sharing dollars, many U.S. states are looking at a variety of possible tax adjustments to fill funding shortfalls. Recognizing the vulnerability of their industries …
Recent drilling by Golden Terrace Resources (TSE) at the DeSantis property near Timmins, Ont., has confirmed the presence of a gold zone. Drilling has traced the 733-west gold zone for a strike length…
Hecla Mining Company of Canada, a wholly-owned subsidiary of Hecla Mining of Coeur d’Alene, Idaho, has recently established an office in Toronto and intends to become more aggressively involved in the…
It is nearly 10 months now since Teck Corp. (TSE) President Norman Keevil, based on federal government studies, informed the mining industry that a major crisis may be looming in the base metals secto…
A 2-stage private placement has been entered into by Marshall Minerals (ASE) and Eden Roc Mineral (ASE). In the first stage, Marshall has agreed to purchase 1.5 million shares for $450,000 and will re…
The first hole in a winter drill program at Moneta Porcupine Mines’ (TSE) Michaud Twp. property 70 miles east of Timmins, Ont., has intersected 0.47 oz gold per ton over a core length of 12.1 ft. The …
Unexpected but welcome rumblings in the uranium industry. First, Denison Mines announces plans to shed its oil and gas holdings and commit to uranium as its core business. Uranium was the mineral up…
While base metal prices reached record levels in 1988, Minnova Inc. (TSE) was unable to benefit fully from the improved metals climate. Lower gold prices and the rising value of the Canadian dollar we…
It’s the second-largest greenstone belt in Canada, second only to the prolific Abitibi belt that has hosted some of the country’s largest gold mines, but the Kaminak greenstone belt in the Northwest T…
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