Teck exploring Snow Lake camp
The mineral potential of some 70,000 hectares in the Snow Lake region of Manitoba will be examined by Teck (TSE) under a joint venture agreement with partners, TSA Explorations (VSE) and Samarkand Res…
News
Louvicourt resumes drilling at gold bet
Surface and underground drilling has resumed at the gold project of Louvicourt Gold mines (COATS), 14 km east of Val d’Or, Que. The company says the surface drill pattern is designed to test four stru…
Card Lake active
With exploration action heating up in the Harker-Holloway area of northern Ontario, Card Lake Resources gained 1 cents to close at 33 cents on volume of 17,200 shares. American Barrick has an option…
NovaGold drilling returns tin values at Mount Pleasant
NovaGold Resources (TSE) has received encouraging results from the first drill hole on its optioned Mount Pleasant tin-tungsten property. The property, in New Brunswick, is held under option from LAC …
Black Hawk drills
Drilling has resumed with three rigs at Black Hawk Mining’s (TSE) Minago nickel project in Manitoba. The program will follow up the best results received to date on the property. Last winter, Black Ha…
Placer Dome appoints new v.p. exploration
International mining giant Placer Dome (TSE) has appointed Eliseo Gonzalez- Urien vice-president of exploration with responsibility for the company’s exploration activities worldwide, excluding those …
SOQUEM, Equity regional’ find
A gold-bearing structure consisting of quartz-tourmaline-pyrite mineralization has been outlined on the Olga Lake property of SOQUEM and Equity Silver Mines (TSE), about 40 km east of Matagami, Que. S…
Metal snips Bougainville on care and maintenance
Owners of the Bougainville copper-gold mine in Papua New Guinea have placed the project on a “care and maintenance” basis. Capable of turning out 180,000 tonnes copper per year, the mine was closed Ma…
Western Mining listed on NYSE
Australia-based resource giant Western Mining Corp. Holdings (NYSE) was listed for trading recently on the New York Stock Exchange. Ordinary shares of Western Mining are listed as American Depositary …
Homestake drills strong hole on SAG’s Akaiwong project
Drilling by Homestake (NYSE) on the Akaiwong gold property held under option from South American Goldfields (TSE) in Guyana, has returned encouraging results. A 12-hole program designed to test a larg…
Corona offering near $100 million
Following in the steps of two other major Canadian gold producers, Corona (TSE) has gone to the market to raise capital through an offering worth almost $100 million. Toronto-based Corona will issue n…
Deak seeks funds for mill work
Having recently raised $3.85 million in subscription funds backed by debentures, Deak Resources (TSE) is hoping to have commitments by the end of January for an additional $10 million to cover the cos…