Moss Lake tops list of Tandem`s projects
Despite the current difficult financing climate in the junior mine sector, Tandem Resources (ME) will be “very active” this year, President Stanley Hawkins told the annual meeting, with high interest …
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COATS (over-the-counter) Mount Wright wins NSR
After a 9-year legal battle, Mount Wright Iron Mines has finally won the proceeds from a 1% net smelter royalty on production from Exminesa’s Rubiales mine in Spain. A Spanish court has ordered Exmine…
Cambior buying 50% stake in Sleeping Giant mine
As part of a growth plan designed to boost its Quebec gold production, cash-rich Cambior Inc (TSE) is picking up a 50% stake in the troubled Sleeping Giant mine of Aurizon Mines (TSE). The mine, which…
Trenching started at Mishibishu bet
Encouraging trench sampling results have been reported by Mishibishu Gold (VSE) from its Pukaskwa gold project about 110 km west of Wawa, Ont. The work was performed along a 4.2-km strike length of th…
Gold price forces shut down of Canamax’s Kremzar, Ketza
Unless gold prices improve dramatically in the near future, Canamax Resources (TSE) will wind down production temporarily at two of its three Canadian gold mines. A company spokesman said the Ketza Ri…
Asarco options Asquith property
A Canadian subsidiary of Asarco (NYSE) recently signed an option agreement to earn a 60% interest in 71 claims owned by Asquith Resources (COATS) in the Shining Tree area of northern Ontario. Asarco c…
Seven Mile High directors resign
A number of directors and officers of Seven Mile Group (VSE) have resigned pending a hearing before the British Columbia Securities Commission scheduled for July 6. Maurice Hamelin, former president, …
Corona, Jodamada buy Dundee shares
A family holding company controlled by Dundee Capital Chairman Ned Goodman has acquired more than one million shares and more than a half-million warrants in Dundee, an investment management company k…
Trimin mulling offer for Hanson Lake
Billiton Resources, a unit of Royal Dutch/Shell Group of Companies, recently made an offer to buy the 32.9% interest in the Hanson Lake polymetallic deposit owned by Trimin Resources (TSE). The terms …
More resignations at Cheni
Just months after Paul Girard resigned as president, Cheni Gold Mines (TSE) has announced the resignation of Malcolm Taschereau, chairman of the company’s board of directors and executive committee. E…
$18.9 million for Lithoprobe
Federal government support for the project Lithoprobe will increase by 50%, bringing the amount to $18.9 million over the next three years. Lithoprobe is the largest multidisciplinary study of the ear…
MinVen acquires gold prospect
Blackdome Mining, a wholly owned subsidiary of MinVen Gold (TSE), recently entered into an agreement to acquire a group of four claims known as the Elizabeth property, 19 miles south of the Blackdome …