News

An innovative tool for use during “break-out” has been developed by Longyear Canada. The idea for the tool came from a driller at Longyear, and the tool was subsequently named after him. Dubbed the …

Encouraging assay results have been reported by Bachelor Lake Gold Mines (TSE) from several recently completed underground drill holes on the company’s Lensueur Twp. mine at Desmaraisville, Que. The d…

“It’s good to see Conwest Exploration (TSE) getting back in the mining business — and with a great mine, a real winner.” So said Graham Farquharson, president and founder of Nanisivik Mines, which op…

In a week when the Canadian government was offering a 11.5% return on Canada Savings Bonds, it was hardly surprising that equity investors were taking their profits and sheltering their money elsewher…

North America’s largest gold producer Newmont Gold (NYSE) had a record quarter with gold sales from its Australian and Carlin, Nev., mining operations of 395,700 oz. That represents a 46% increase on …

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) May 123.70 120.20 121.30 + 0.90 June 119.00 117.00 118.30 + 1.90 July 115.10 112.65 114.10 + 1.95 SILVER (in US c…

Louis Wolfin, president of Vancouver-based Coral Gold (VSE), recently unloaded a significant amount of his direct and indirectly held Coral shares. But with slightly less than two million shares still…

Based on the results of a final feasibility study, Claude Resources (TSE) says it has decided to place its Seabee gold project in northern Saskatchewan into production. A 400-ton-per-day mill is plann…

Since 1983, Hydracore Drills has been developing a new drill suitable for drilling on difficult surface setups and which would allow easy movement and repositioning. The result was the Gopher Drill wh…

Times may be tough for the diamond drilling industry, but several contractors are being kept busy working on some high profile exploration and development projects involving both precious and base met…

The Vancouver Stock Exchange has recently signed two agreements to strengthen its international securities surveillance capabilities. A memorandum of understanding has been signed with The Securities …

A maximum of $150,000 in flow-through financing will go toward Jilbey Exploration’s (ME) share of expenses on the Fontana joint venture project in Duverny Twp., Que. CMP 1990 Resource Partnership has …