Flag assay results
The latest assays from Flag Resources’ (ASE) Wolf Lake copper-gold prospect in MacKelcan Twp., northeast of Sudbury, Ont., have yielded mixed gold results in eight of 11 holes. A couple of high-grade …
News
Hecla shareholders set to vote on buying Bachelor Lake option
Arthur Brown, chairman, president and chief executive officer of New York-listed Hecla Mining has been elected to the board of directors of Acadia Mineral Ventures (TSE). The move clears the way for a…
Tensions heighten at Rio over closure of 2 mines
Indications that Rio Algom (TSE) may close its Quirke and Panel uranium mines earlier than expected has heightened tensions between the company and employees at its Elliot Lake, Ont., division. While …
After completing an 18-hole drill program on the claims, the
In the Eastmain area of Quebec, Kingswood recently staked 280 claims in addition to the 125 claims it already holds in the vicinity of a copper-zinc-silver showing. Several senior companies have also …
Total Energold Plexus deal on
The on-again, off-again, private placement between Total Energold (TSE) and Plexus Resources (TSE) is back on track. The deal, identical to the one cancelled in early April, will see Total buying a pr…
U.S.Report Nebraska’s first uranium operation gains approval
It has taken longer than expected, but Ferret Exploration Co. of Nebraska was recently issued a permit by the Nebraska Department of Environmental Control allowing it to bring on stream the state’s fi…
St Andrew gold mine producing on target
After two quarters of successful operation at its Stock Twp. gold mine east of Timmins, Ont., St Andrew Goldfields (TSE) expects to be able to meet its production target of 27,000 oz. of gold this yea…
Environmental concerns top CIM conference
Compliance with environmental regulations and the minimization of the risk of causing damage to the natural environment appear to be foremost in the minds of Canadian miners. Twenty-two presentations,…
BOOKS IN REVIEWS Inactive gold projects on the rise
The number of inactive gold projects is on the rise, according to Metals Economics Group’s recent study, Potential New Canadian Gold Production. Ninety-nine Canadian gold projects were in reserves dev…
Alberta Stock Exhange Borealis gains 45 cents
Shares of Borealis Exploration posted a gain of 45 cents to close at $2.05 on volume of 22,500 during the report period ended May 8. Borealis owns several gold and platinum properties at Fat Lake and …
Placer Dome sells oil and gas unit
Oil and gas operations owned by Placer Dome (TSE) in the U.S. will be sold to the Prairie Producing group of companies of Houston, Tex., a subsidiary of Unocal Corp. of Los Angeles. The international …
Three agreements net financing for Stratmin
Three financing agreements worth about $26.2 million in total have been struck by graphite producer Stratmin (ME) and its subsidiary Stratmin Graphite. The agreements have been reached with Mircal, a …