The deep drilling program at Millstream Mines’ (MLSM-C) Potter mine represents “one of the most promising current base metal exploration projects in Canada,” writes John Kallaway, mining analyst for Y…
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Two follow-up drill holes by Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) at their Lew polymetallic property in the Flin Flon-Snow Lake volcanic belt in Manitoba have retur…
The Toronto Stock Exchange 300 index lost 36.42 points over the May 20-26 report period, finishing the week at 7,625.96.The big news of the period was gold’s plunge to US$292.60 per oz. on the morning…
Junior St Andrew Goldfields (SAS-T) has completed a program of wedge drilling at its Taylor gold property in the Matheson area of northeastern Ontario.The program’s purpose was to test the continuity …
Junior NovaGold Resources (NRI-T) has drilled another five new holes at its Murray Brook polymetallic property in northern New Brunswick.Each hole was collared to test the down-plunge extension of a l…
Texas-based America Mineral Fields (AMZ-T) has completed its previously announced purchase of Idas Resources, a private company with a 50% interest in two large diamond concessions in Angola.The revis…
Canabrava Diamond (CNB-V) is set to begin a first-phase drill program to test newly discovered kimberlites on the company’s Whitefish Lake property, 25 km northeast of Wawa, Ont.The property consists …
The Tuzo kimberlite pipe on the AK property in the Northwest Territories has returned positive mini-bulk sampling results.De Beers Consolidated Mines (DBRS-Q) subsidiary Monopros recovered 108 carats …
New Claymore Resources (NCS-V) has agreed to a brokered private placement of up to 1 million units at $1.60 each, for gross proceeds of up to $1.6 million.Each unit will consist of one common share an…
Rayrock Yellowknife Resources (RAY-T) has succeeded in its bid to take over affiliate Minera Rayrock (MRN-T).Rayrock, a Toronto-based gold and copper producer, had held a 37.5% interest (19.1 million …
Despite having boosted overall gold production in 1997, William Resources (WIM-T) ended up deeper in the red.The mid-tier gold producer lost $77.5 million (or $1.58 per share) on revenue of $94 millio…
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