COATS (over-the-counter) Carolin drops 10 cents
Several junior gold exploration issues gave up some ground on COATS this week. Slipping by 10 cents was Carolin Mines which closed at 35 cents after a total of 22 trades. The shares of Dartmouth-bas…
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Hedging helps Barrick’s earnings
American Barrick Resources (TSE) continues to reap the rewards of a lucrative hedging program that has sheltered the Toronto gold producer from softer precious metal prices. While the price of gold av…
Pan East to earn 51% stake in Baker Lake uranium bet
Calgary-based Pan East Resources (ASE) recently optioned what it regards as a promising Northwest Territories uranium property from Falconbridge Ltd. (TSE) and Kerr Addison Mines (TSE). Situated 260 k…
Guinness to start drills as Acadia deal completed
Having completed the purchase of a 60% stake in Guinness Gold Resources (ASE) from Acadia Mineral Ventures (TSE), a management team led by William Burton has approved a drilling program at a base meta…
New backer raises hopes for revival of Caribou zinc mine
A series of meetings involving officials from East West Caribou Mining and its new financial backers are expected to lead to a resumption of mining operations at the Caribou lead zinc mine in New Brun…
Aurizon drilling Connell property
A phase-one drilling program is under way on the Connell Corner property in the Val d’Or, Que., area, Aurizon Mines (TSE) reports. The property is within 1,350 m of the Aur/Louvem copper-zinc discover…
Minnova prepares pit plan for Chu Chua
The Chu Chua massive sulphide deposit near Adams Lake, B.C., appears to be moving closer to production. A preliminary open pit plan was prepared by Mintec Inc. for project operator Minnova Inc. (TSE) …
Belmoral probing Aurora copper bet
Belmoral Mines (TSE) has started a 2,000-ft drill program at Aurora Gold’s (ASE) Rock Lake copper- gold property in Aberdeen and Plummer twps., near Sault Ste. Marie, Ont. Belmoral is earning a 50% st…
Louvem makes offer to A shareholders
Societe Miniere Louvem (TSE), one of the two joint venture partners involved in the Louvicourt Twp. massive sulphide discovery east of Val d’Or, Que., is making a new offer to holders of its Series A …
Exall awaiting better markets
With nearly $2.5 million in its treasury, Toronto-based Exall Resources (TSE) says it will await better market conditions before launching any new programs on its gold properties at Red Lake, Ont. Exa…
Silver in doldrums, unable to excite investors
Like its sister precious metals, silver has been in the doldrums of late. Unlike gold or platinum, however, the metal seems to face a greater up-hill battle for respectability among investors. Hoverin…
Dia Met seeks partners for diamond hunt
Joint venture partners are being sought by Kelowna-based Dia Met Minerals (VSE) to participate in the evaluation of a diamond prospect in Arkansas. The company recently filed a letter of intent with t…