Barrick and LAC deals tap into new gold rally
American Barrick Resources (TSE) and LAC Minerals (TSE) have wasted little time in capitalizing from the 4-week-old gold rally. Moving quickly to take advantage of renewed investor interest in senior …
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Gold price climbs $55 since September low, easily surpasses $400
Surprising more than a few analysts, the gold price has staged a recovery and surged past $400(US) per oz. The precious metal, in a price slump the past few months, has not reached such lofty heights …
Search for base metals
Ian Nichol, geology professor at Queen’s University, Ont., has received $1.6 million to study techniques for locating base metal deposits. The grant was made through the University Research Incentive …
Plexus moving toward production on Rawhide
In relative obscurity, Plexus Resources (TSE) and Kennecott Corp. have been developing a Nevada open pit mine that will rank as the fourth largest heap leach producer in the U.S. The Rawhide project, …
Cominco VP makes profitable trades
One of Cominco Ltd.’s (TSE) top executives earned a substantial profit recently while buying and selling shares of the Vancouver- based resource giant. John Fletcher, a senior vice- president in Comin…
Noble Peak to option U.S. zinc property
A large base metals deposit in Utah, held by a financially strapped junior, Noble Peak Resources (ASE), is on the auction block. “We expect to have an offer from a major U.S. mining company within thr…
Vancouver Stock Exchange Few bearish on gold sector
With the gold price surpassing the $400(US) mark and holding, it’s hard to find anyone bearish about the yellow metal’s future these days. While gold’s performance is always difficult to predict, that…
Aur, Louvem fight will stall project Noranda officer says
Underground exploration will not begin at the copper-zinc discovery of Aur Resources (TSE) and Societe Miniere Louvem (TSE) until a legal dispute involving the two companies is settled, says a top Nor…
Rio Algom ends talks with Uranium Resources
Negotiations between Rio Algom (TSE) and Uranium Resources (TSE) for a proposed takeover of Uranium Resources by Rio Algom were terminated. The two companies had previously signed a non-binding letter…
Albino faces hearing
The Ontario Securities Commission has issued a Notice of Hearing against George Albino, former chairman and chief executive officer of Rio Algom (TSE). The hearing, scheduled to take place on Jan 20, …
Northgate companies make progress on varied North American
Over the last two years Northgate Exploration (TSE) has spent in excess of $180 million and been involved in about 14 investments and acquisitions, which probably give it the honor of being North Amer…
Homestake find near Lupin Mine gets confirmation
A subsidiary of Homestake Mining (NYSE) recently confirmed long-standing rumors that a major “Lupin-type” gold deposit was discovered in the Northwest Territories. Robert Boyd, director of Canadian ex…