News

Taking a big hit on the market for the week ended July 2 was Perrex Resources. Trading over four million shares, the junior gold explorer lost three quarters of its value to close at one penny. Althou…

Following the southerly migration of exploration dollars, Canmine Resources has agreed to acquire a 100% interest in the San Antonio silver property in the province of Chihuahua, Mexico. In exchange …

Interest in Mexico’s mineral deposits has surged recently after the country announced its decision to allow 100% foreign ownership of local companies for up to 12 years. The prospect of free trade amo…

Trading volumes struggled but the market turned positive during the holiday-shortened week ended July 2. The mining and minerals index jumped by 33.7 points and the market portfolio moved ahead by 5.8…

Encouraged by recent results at Aurizon Mines’ (TSE) Sleeping Giant gold property north of Amos, Que., Cambior (TSE) is committed to spending $3.6 million on underground exploration. In a bid to dete…

In return for an option to purchase shares of Northfield Minerals (ASE), Dynatec Mining has agreed to develop and mine above the 695-ft. level at the Cheminis site near Virginiatown, Ont. The option,…

A feasibility study carried out on the Duvay heap leach gold project north of Amos, Que., concludes that total costs would be $10.43 per ton, Societe Miniere Sphinx (VSE) reported. Direct recovery co…

This year could mark the beginning of a new phase for nickel after the record price levels and supply shortfalls of recent years, according to Nickel 1991, a report from market analyst Roskill of Lond…

Opemiska, the mine that was the backbone of Minnova’s (TSE) operations for almost 40 years before being mined out this year, may live on as a milling facility for ore mined from other deposits in the …

The Toronto Stock Exchange refused to accept a proposal by Northair Mines (VSE) to consolidate the company’s stock on the basis of one new share for every five existing shares and to increase the auth…

Following an agreement between Joutel Resources (TSE) and Aur Resources (TSE), Joutel’s 26-claim copper-zinc prospect in northwestern Quebec will be given a second look. Under the agreement, Aur has …

Preliminary reconnaissance geochemistry by X-Cal Resources (VSE) has outlined anomalous gold values on both the Kamma and Wild Rose claims under option from Equinox Resources (TSE) in Pershing Cty., N…