News

PROFILE Nagy of Snip fame explores Brewery Creek

Despite the current recession, the Brewery Creek gold deposit, near Dawson, Yukon, excites investors. Loki Gold, which is earning into the discovery, has recently raised $1.28 million in a public fina…


Rhodes updates estimate of Copper Canyon reserve

An updated preliminary reserve estimate was released by Consolidated Rhodes Resources (VSE) for the Copper Canyon copper-gold deposit in the Galore Creek region of northwestern British Columbia. The c…



New Craig shaft dropping quickly

Shaft sinking at the Craig mine of Falconbridge in the Sudbury area is progressing at a rapid pace. Dynatec Mining President Bob Dengler said that during a 31-consecutive-day period in April and May…


Alberta Stock Exchange Indigo doubles

Shares of Indigo Gold Mines doubled in price during the week ended June 11 after the company announced an option agreement on the Oweegee Dome property in north-central British Columbia. Bolstered by …


Hunker Creek keeps the Goulds coming back

The annual Gold Show in Dawson City is over and John and Madeleine Gould are itching to return to the creeks. “We’ve (the family) been mining the same property since 1903,” John says, sitting in his h…


Sonora reports quarter loss

While gold recoveries at Sonora Gold’s (TSE) 70% owned Jamestown mine in California are expected to improve this year, the company continues to be dogged by low gold prices. Sonora recently reported …


Producers budget $75 million to promote gold

The World Gold Council, the Geneva-based association that promotes the yellow metal on behalf of member companies, couldn’t have picked a better week to hold its first institutional investment forum i…


Large porphyry copper deposits drawing attention

Copper has always played an important role in British Columbia’s metal mining industry, consistently accounting for the lion’s share of the province’s yearly metal production on a dollar-value basis. …



Mixed results from Northern Abitibi

A drill program completed on Northern Abitibi Mining’s (ASE) gold property in northwestern Quebec, under option to Inco (TSE) and Vior (ME), has returned mixed results. All six holes collared to test …


Vananda reports reserve increase

Following a review of drilling results from a program completed earlier this year, Vananda Gold (VSE) has increased its estimate of preliminary reserves on the Little Billie mine to 195,000 tons gradi…


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