KPM suing BIG over Shoal Lake project
Toronto-based Kenora Prospectors and Miners (COATS) is suing its joint venture partner Bond International Gold (TSE) for breach of contract and fiduciary duty involving a gold project at Shoal Lake, O…
News
Spirit Lake resumes drilling near Wawa
Spirit Lake Exploration (ME) has resumed drilling on its Edwards gold property about 60 km northeast of Wawa, Ont., and just east of the Magino and Kremzar mines. The first phase of the $250,000 progr…
Lower metal prices cut FMC earnings
Sharply lower gold and silver prices have contributed the recent decline in profits reported by Chicago-based FMC Gold (NYSE). FMC Gold, which last year ranked first in North America in terms of retur…
Denison oil sale
Denison Mines (TSE) has either sold or is negotiating the sale of all its oil and gas assets. The company has entered into agreements with three unidentified buyers for the sale of its oil and gas ass…
Noranda starts survey on Beaty Twp. claims
Noranda Inc. (TSE) has started a ground geophysical survey on a group of claims held under option from Glen Auden Resources (TSE) and Golden Dragon Resources (VSE) in Beatty Twp., Ont. The claims cove…
Quebec juniors option Goldboro, N.S. ground
Another Quebec-based junior, Murgor Resources (VSE), has optioned ground in the Goldboro area of Nova Scotia and a third, Ressources Orient (ME), is negotiating for ground in the area. Murgor Presiden…
European backers revive Carolin
A European syndicate has provided Carolin Mines (NASDAQ) with initial funding to investigate the possibility of re-opening the Ladner Creek gold mine near hope, B.C.. The company has already started t…
Three drills probing Metalore’s Brookbank
Three diamond drills are turning on the Brookbank gold property under option to Placer Dome (TSE) from Metalore Resources (TSE) in northwestern Ontario. Situated north of Beardmore, the 200-claim prop…
Prime mails offer to acquire Calpine
Shareholders of Prime Resources (VSE) and Calpine Resources (VSE) will be meeting Dec 14 to consider a transaction that would result in a merger of the two companies. If approvals are obtained, the me…
Study delayed at Guyana bet as Placer drills new zone
Recent drilling on a new zone at the joint venture of Placer Dome (TSE) and Golden Star Resources (TSE) in Guyana to indicates that the open pit operation will be much larger than originally anticipat…
Barrick confirms results from drilling on Carlin property
American Barrick Resources (TSE) has confirmed that drilling on its North claim block has encountered high grade gold mineralization across exceptional widths. The news ended weeks of speculation that…
TSE investigates trading in Aur
The Toronto Stock exchange is in the preliminary stages of an investigation into the trading of Aur Resources (TSE) shares before results were released from the company’s Louvicourt Twp. base metals d…