Adrian drilling successful on Eskay `gap’
Drilling on the TOK claim gap within the Ski project owned by Adrian Resources (VSE) continues to return excellent assays and the company is confident reserves will increase as a result. The claim gap…
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Hislop bet yields mixed assays for Glimmer, Noranda
A mixture of high- and low-grade gold assays have been reported by partners Glimmer Resources (VSE) and Noranda (TSE) from recent follow-up drilling on their Beatty-Hislop joint venture near Matheson,…
Crown’s Jewel potential up on newest gold results
The potential of Crown Resources’ (VSE) Crown Jewel gold property in northeastern Washington continues to increase as results from a program financed by Battle Mountain Gold (TSE) are released. Crown …
Viceroy completes share issue
An issue of 700,000 common shares was recently completed by Viceroy Resources (TSE) at $4.75 per share. Net proceeds from the issue were $3.025 million. Viceroy has received no appeals against the rec…
ERG ceases trading
The Ontario Securities Commission has issued a cease-trading order to ERG Resources (TSE) for failure to make statutory filings. A hearing will take place on Dec. 14. ERG, which owns a gold tailings r…
Greenland planning to purchase $2 m in Platinova shares
Junior mining company Platinova Resources (TSE) of Toronto will take on a new shareholder in the form of the government of Greenland, which says it intends to purchase about $2 million worth of Platin…
High costs means deep mines’ days are numbered
“Big is better” is becoming the new name in this ever-changing mining game. Miners everywhere favor and seek out big, low-cost and safer open pit deposits rather than much more costly underground mine…
Downturn prompts downsizing at prominent consulting firm
A general downturn in the mining industry which is affecting producers and junior companies alike is being felt on the consulting side. The well known firm of Derry, Michener, Booth & Wahl, a partners…
Premier opens MNDM building in Sudbury
Ontario Premier Bob Rae recently opened the new building in Sudbury that houses the head office of the Ministry of Northern Development and Mines and the Mining Health and Safety Branch of the Ministr…
Val d’Or confrence
The 10th underground operation conference will be held in Val d’Or, Que., Feb. 24-27. The theme is “safety, productivity and costs . . . sharing tricks of the trade.” Field trips will be included. Par…
Editorial Setting aside funds for mine closure
When an orebody is depleted, mining companies have to ensure safe and complete mine closure, but that responsibility cannot be at such a cost that the mining operation itself becomes uneconomic. Miner…
Canhorn planning quartz sampling
Toronto-based Canhorn Mining (TSE) is planning to extract a 5,000-tonne bulk sample from an abandoned silica quarry at Chegoggin Point, N.S., in the Yarmouth area. A drilling program to determine the …