Drills are turning again on the Casino property in the southwestern Yukon. Pacific Sentinel Gold (VSE) reports that four rigs are at work and an additional two rigs will be operational shortly. Drilli…
Vancouver-based Maymac Petroleum (VSE) has paid $US500,000 for the Crescent Valley placer gold mine within Nevada’s Battle Mountain Trend. The property consists of 8,500 acres and a mill capable of pr…
Aiming to extend the life of its Winston Lake mine in northwestern Ontario, Metall Mining (TSE) has begun underground exploration of the nearby Pick Lake deposit. A 2.5-km.-long drift, costing $2 mill…
Members of both the New York Mercantile Exchange (Nymex) and the Commodity Exchange (Comex) of New York voted recently in favor of merging the two futures exchanges. Nymex, the world’s major trader of…
VSE-listed Mutual Resources is planning a surface exploration program for its newly optioned gold concession in Burkina Faso, West Africa. The company recently entered an option agreement with Comidok…
Toronto-listed Granduc Mining has completed a previously announced $3.5-million financing with Conwest Exploration (TSE) and Jascan Resources (TSE). Proceeds from the loan will be used to complete Gra…
The federal government, the Mining Association of Canada (MAC) and four provinces (British Columbia, Ontario, Quebec and New Brunswick) are collaborating in an attempt to identify economical ways to m…
Junior Regional Resources (TSE) has sold 1.7 million shares of Faifield Minerals (TSE). Proceeds amount to $5 million. Some of the shares were sold under an option agreement for $1.10 per share. An ad…
Nickel giant Inco (TSE) is getting tough in global markets by launching a 2-pronged attack — cutting costs to US$2.25 per lb. and expanding operations to raise total output by 20% over the rest of th…
More encouraging results have been reported from the Victoria Lake gold project near Larder Lake, Ont. So far, Sudbury Contact (TSE) has drilled 18 holes, totaling 20,642 ft., and the work has confirm…
The Canadian Diamond Drilling Association (CDDA) is considering changing its name to better reflect the drilling industry as a whole. A motion was put forward at the annual general meeting in Montreal…
In a private placement, Exroy Resources (CDN) will issue 750,000 treasury common shares at 20 cents each and warrants exercisable for a 2-year period at 20 cents, for an additional 250,000 treasury co…
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