News


Market slump continues

Ongoing concern about the direction of the economy and gold’s dismal performance managed to keep investors on the sidelines for yet another week. The prolonged market slump has taken its toll on even …


Serem, VSM Exploration boost Grevet M tonnage

Possible and probable reserves at the Grevet M property in northwestern Quebec, northeast of Quevillon, stand at 2.1 million tonnes grading 8.72% zinc, project partners Serem-Quebec and VSM Exploratio…



Ego to drill NWT zinc-silver bet

Exploration is scheduled to begin in June on a zinc-lead-silver property in the Northwest Territories recently optioned by Ego Resources (TSE). Ego has an option to earn a 100% interest in Initiative …


Higher grades needed on Gamsan’s Brabant Lake bet

A recent study of Gamsan Resources’ (ASE) Brabant Lake polymetallic deposit in northern Saskatchewan concluded that current reserves are inadequate to justify development of a mine. The study was done…


Win-Eldrich makes production plans for Ashdown bet

Fill-in drilling, surface trenching, column-leach tests and a heap leach feasibility study have been completed by Win-Eldrich Mines (TSE) at its Ashdown property in Humboldt Cty., Nev. The company say…


Alberta Stock Exchange Guinness plummets

As a result of confusion regarding the future direction of interest rates, volumes were generally low on the Alberta Exchange this week. However, the lack of trading activity didn’t preclude a sudden …


Northgate tries to lose `banker label’

After a year-long shopping spree for acquisitions, Northgate Exploration (TSE) has emerged looking more like a complex holding company than the exploration firm its name suggests. In its quest to acqu…



Lac St. Jean area claims optioned

Two properties near Lac St. Jean, Que., have been optioned to related companies Golden Dragon Resources (VSE), Tarzan Gold (ASE), Cross Lake Minerals (VSE) and Glen Auden Resources (TSE). All but Glen…


Obituary Mason C.F. Kossatz (May 15, 1989)

Mason C. F. (Eric) Kossatz, vice- president of Inco Gold, died in Toronto on April 14. He was 62. Kossatz joined Inco as a contract engineer in 1953 after graduating from the University of Toronto in …


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