Program for McConnell Creek property
A drilling and trenching program is set to begin at the McConnell Creek property under option to Placer Dome (TSE) from Gerle Gold (VSE). Placer spent $600,000 on the property last year and can earn a…
News
Cameco, partner open Jasper mine
The new Jasper mine, 87 miles north of La Ronge, Sask., poured its first gold bar at an official opening ceremony on June 7. The mine is owned 80% by Cameco (operator), and 20% by Shore Gold Fund (ASE…
Corona secures ground near Nickel Plate mine
In a complex series of transactions, Corona (TSE) has secured ownership of claims it considers strategic to the operation and longevity of its Nickel Plate gold mine near Hedley, B.C. Based on a recen…
Vancouver Stock Exchange Trading buoyed by Eskay play
Up until the week ended June 12, gold’s dismal performance wasn’t putting much of a damper on trading activity on the Vancouver Stock Exchange. In fact, recent increases in both volume and value of sh…
Westmin secures deal with Tenajon
A formal agreement for the development of the SB gold-silver property near Stewart, B.C., was recently announced by Westmin Mines (TSE) and Tenajon Resources (VSE). Under its terms, Westmin can earn a…
SPOTPRICE2
Week’s Price (US) Change Gold* $353.00 — $6.80 Silver* $4.99 — $0.10 Platinum* $484.40 — $7.35 Nickel** $3.79 + $0.14 Lead** $0.37 — $0.00 Copper- $1.16 — $0.03 Zinc $0.76 — $0.03 Courtesy of Sc…
Galactic adds new blood, Friedland steps back
After a decade as the driving force behind Galactic Resources (TSE), Robert Friedland has stepped aside as president and chief executive officer to turn over the helm of the company to a management te…
Placer stands by cash offer to buy Stikine shares
Shareholders of Stikine Resources (TSE) will have the opportunity to accept buy- out offers for their shares from either Corona (TSE) or Placer Dome (TSE). Both major companies recently announced offe…
Pre-feasibility under way at Athabaska Gold project
Drilling at the Nicholas Lake gold project held by Athabaska Gold Resources (TSE) and Chevron Minerals has been placed on hold while the partners complete an initial feasibility study. Situated 60 mil…
Gibraltar survived downturns to profit when copper is up
British Columbia’s Cariboo region is a land of old mountains, weathered down to undulating hills. Near the top of one of them is the Gibraltar mine, as steady a copper producer as the famous rock that…
NovaGold takes charge over Etruscan assets
In a share swap agreement, NovaGold Resources (TSE) has gained control of Etruscan Enterprises (VSE). Offering one Novagold share for every 1.2 Etruscan shares, NovaGold acquired 71% of Etruscan and s…
Montreal Stock Exchange Val d’Or big trader
News of a deal with Noranda Mines covering exploration of property adjacent to the Bardome zinc project in the Val d’Or, Que., area helped to spark the trading of more than 1.2 million shares of Resso…