To date about $3.5 million has been spent by a unit of Inco Ltd. (TSE) and junior partner Seven Mile High Group (VSE) on the Vault gold property near Okanagan Falls, B.C. According to Maurice Hamelin,…
The newly discovered lead-zinc-gold-silver Deception Lake property north of La Ronge, Sask., will be the subject of a closely watched work program that includes a minimum of 10,000 ft of surface drill…
The year-end rally in gold prices came too late to save several mines. Among this year’s casualties: The Kerr mine was a fixture at Virginiatown, Ont., since 1938 but low gold prices forced the mine t…
Drilling is expected to begin next month at the Vezza Twp. gold claims optioned recently from Dundee-Palliser Resources (TSE), and North American Rare Minerals (ME) by Agnico-Eagle Mines (TSE). Having…
Central Crude (TSE) has signed a letter of intent with Tandem Resources (ME) and Storimin Exploration (ASE) to explore the latter two companies’ Moss Lake gold property 70 miles west of Thunder Bay, O…
Stratabound Minerals was one of the big winners for the week ended Dec 19 when trading activity slipped into what could only be described as a pre-Christmas holding pattern. When reached for comment, …
While the mining industry has long since extricated itself from the 1980 recession, budding engineers still seem leery of the resource roller coaster. At Queen’s University, for example, about 20 mini…
In concert with the company’s move away from mining, Energex Minerals (TSE) sold its Al Claims group in the Toodoggone region of northern British Columbia to Cheni Gold Mines (TSE) in exchange for var…
With $1 million cash on hand, Noront Resources (VSE) is gearing for a major program of exploratory drilling that will employ six rigs. It will follow up a number of targets established during the past…
Gold Bar Resources’ announcement that it has hired the firm of James Wade Engineering to prepare a prefeasibility report on Gold Bar’s Chester Twp. Ont., gold property didn’t do much to help that issu…
A writ of summons has been filed in the Supreme Court of British Columbia by Skyrocket Exploration and Resources (VSE) against the Vancouver Stock Exchange and a number of its employees. The writ invo…
From a speech by John Crow, Governor of the Bank of Canada, to the Winnipeg Chamber of Commerce In what I have just said I have aimed to make clear why the Bank of Canada has been seeking in recent …
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