News

Richmond Gulf Resources (COATS) has become the largest single shareholder in Acadia Mineral Ventures (TSE) and all but two of Acadia’s original directors have resigned. Acadia became a dormant explora…

Danish newspaper reports that the next motherlode has been discovered on Greenland’s eastern coastline are greatly overblown, says Platinova President Robert Gannicott. Following interviews with a Dan…

Gold equities took centre stage on the TSE for yet another week as bullion continued its climb toward the magical $400(US)-mark. On Nov 15, today, the second London fix was set at $391.40. The rally h…

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…

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…

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 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 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…

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…

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 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…

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…