Recent drilling by Golden Terrace Resources (TSE) at the DeSantis property near Timmins, Ont., has confirmed the presence of a gold zone. Drilling has traced the 733-west gold zone for a strike length…
A 2-stage private placement has been entered into by Marshall Minerals (ASE) and Eden Roc Mineral (ASE). In the first stage, Marshall has agreed to purchase 1.5 million shares for $450,000 and will re…
With reductions in federal revenue-sharing dollars, many U.S. states are looking at a variety of possible tax adjustments to fill funding shortfalls. Recognizing the vulnerability of their industries …
The first hole in a winter drill program at Moneta Porcupine Mines’ (TSE) Michaud Twp. property 70 miles east of Timmins, Ont., has intersected 0.47 oz gold per ton over a core length of 12.1 ft. The …
Unexpected but welcome rumblings in the uranium industry. First, Denison Mines announces plans to shed its oil and gas holdings and commit to uranium as its core business. Uranium was the mineral up…
While base metal prices reached record levels in 1988, Minnova Inc. (TSE) was unable to benefit fully from the improved metals climate. Lower gold prices and the rising value of the Canadian dollar we…
It’s the second-largest greenstone belt in Canada, second only to the prolific Abitibi belt that has hosted some of the country’s largest gold mines, but the Kaminak greenstone belt in the Northwest T…
Described by the company as “one of the highest profile zinc deposits in Canada,” the Tulsequah Chief property of Cominco Ltd. (TSE) in northwestern British Columbia will be the subject of a major exp…
A decision to proceed to final feasibility based on a 200-ton-per- day plant for the Cape Ray gold project in southwestern Newfoundland has been announced by Dolphin Explorations (TSE). A production d…
After reaching an agreement with creditors to retire $1.43 million in outstanding debt, NovaGold Resources (TSE) is now focusing its efforts on achieving gold production at the Murray Brook project, 8…
Active on the Canadian mining exploration scene for many years, A. Lew Parres has been chosen Prospector of the Year by the Prospectors and Developers Association of Canada (PDAC). Parres will re ceiv…
American Reserve Mining Corp. (VSE) reports that over 99% of the shareholders of Associated Porcupine Mines (TSE) have voted to amalgamate with a wholly-owned subsidiary of American Reserve to form Pa…
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