News

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Jan 146.00 144.60 144.70 — 7.00 Mar 136.20 133.40 143.70 — 2.00 May 126.30 124.50 125….

An eminent economic geologist, known internationally for his many contributions to mineral exploration on nearly every continent of the world, Duncan R. Derry was one of the Canadian mining industry’s…

Karl Springer’s name is closely associated with such notable Canadian mining ventures as Mattagami Lake Mines, Granduc Mines, Barymin Limited, Canada Tungsten Mining Corp., and Newfoundland Zinc. He…

PEGASUS GOLD INC. — John M. Willson appointed president and chief executive officer succeeding James H. Foreman who at the same time was elected chairman of the board.

The Mineral Development and Lands Branch of the Ministry of Northern Development and Mines has been reorganized. “The new structure will help the branch to fulfil its mandate and enhance service to th…

Assay results from recent drilling on Gamsan Resources’ (ASE) Brabant Lake property in northern Saskatchewan have confirmed the presence of a lens of high-grade polymetallic mineralization. Gamsan’s 1…

With its Anoki gold project in the feasibility stage and underground exploration under way at the Kirkland West property near Kirkland Lake, Ont., Queenston Gold Mines (TSE) is hoping to become a gold…

U.S. Gold Corp. of Denver, Colo., reports net income for the 3-month period ended Sept 30 of $352,000 (US) or 1 per share on revenue of $1.9 million. For the same period a year earlier the company re…

With assay results in for the first ten holes of a major delineation drill program, United Lincoln Resources Inc. (VSE) is reporting an increase in gold grades at the open, southern end of the MBX dis…

A couple of former executives in LAC Minerals’ (TSE) exploration wing have agreed to lend their expertise to a new mining group. When the assets of Alberta-listed companies Perrex Resources (ASE), Alb…

This country’s mine-finders and mine-makers are recognized internationally as the best — everywhere but right here at home. For the average Canadian, we suggest, remains quite unaware of the very sig…

After persuading E.B. Eddy Forest Products to extend the deadline for an option agreement at the old Jerome mine near Swayze, Ont., Toronto-based Jerome Gold Mines (ASE) has raised $500,500 to finance…