Major General drilling on Pickle Lake project
A 6,500-ft. drill program has started on Major General Resources’ (VSE) Dorothy Lake gold project, about 50 miles west of Pickle Lake in northwestern Ontario. The 62-claim property is about nine miles…
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U.S.REPORT Equinox cuts deals in Nevada
Two earn-in agreements signed by Equinox Resources (TSE) could see up to US$1.5 million in exploration funds spent on the company’s Nevada properties. The first joint venture grants Amax Gold (NYSE) t…
Biron drilling at Summit gold project
Biron Bay Resources (ASE) says exploration diamond drilling has resumed at its Summit gold project in the Steeple Rock mining district of New Mexico. The target of Biron’s current work is the Norman K…
EDITORIAL PAGE Good results but no trophy
All’s well that ends well certainly includes the 3rd Annual International Fish Derby and Geological Seminar, hosted by Richard Nemis of Central Crude fame at his lodge on Lake Kabenung in the Mishibis…
Curragh completes public stock sale
The subordinate voting shares of Curragh Resources (TSE) have been listed for trading on the Montreal and Toronto stock exchanges, following completion of the company’s initial public offering earlier…
Cameco, Trimin expand to the west on Hanson Lake zone
Drilling on the Hanson Lake property by Trimin Resources (TSE) and Cameco continues to intersect economic-grade mineralization. Hole 61, the most westerly hole drilled to date, cut 15.7 ft. grading 1….
Modernization offers hope for high-cost gold mines
With the price of gold bullion recently sinking below US$360 per oz., mining companies will be facing increasing pressure to keep production costs in line at their operations. Declining precious metal…
Montreal Stock Exchange New VSM zone
News of a new zone discovery at the Grevet zinc property near Matagami, Que., helped propel the shares of VSM Exploration to $1.20, a gain of 35 cents, on a volume of more than 500,000 shares, for the…
EDITORIAL PAGE Opportunity for equipment manufacturers
Canada’s mining industry is coming off a period that has been one of the most prosperous ever. It will be tough during the 1990s to match the combination of strong demand, rising prices and improved p…
Corona Restructuring arrangement
The complicated restructuring under way at Corona (TSE) will involve several share exchanges among the shareholders of Corona, Prime Resources (VSE) and Stikine Resources (TSE). In a series of transac…
La Fosse sees profit potential in manganese, sinter and lump ore
A Toronto-based junior is hoping to make a pile of money through the sale of several products from a former producing iron ore district in the province’s northeast. La Fosse Platinum (TSE) is gearing …
Alberta Stock Exchange Durvada gains 33 cents
Nine recently completed drill holes on BMR Gold’s America Mine project in California have intersected more high-grade reserves in an area where initial open pit production is planned. One intersection…