McFinley finds new zone at Bateman Twp. project
Dogged by development problems at the Bateman, Twp., gold project near Cochenour, Ont., McFinley Red Lake Mines (TSE) finally had some good news in its recent interim report to shareholders. The compa…
News
Video Library
The Toronto Geological Discussion Group and the Prospectors and Developers Association of Canada are jointly establishing a library of videos on mining, mineral exploration, mineral economics and econ…
Recapitalization plan strengthens Inco stock
Investors reacted positively to a recapitalization plan by Inco Ltd. (TSE) involving a rights plan and special dividend after shareholders of the nickel giant voted their approval. Prices of the compa…
Former Noranda researcher occupies Queen’s Mine design chair
Queen’s University’s $1 million Chair of Mine Design has been filled by Professor William Bawden, a former researcher with Noranda Inc. The chair, funded by the Ontario Ministry of Northern Developmen…
Radisson receives feasibility report
A positive feasibility study has been received by Radisson Mining Resources (ME) for its Duquesne gold project in Destor Twp., 18 miles north of Rouyn-Noranda, Que. Total reserves at the property as o…
Spirit Lake budgets $1.2 M for Edwards
Spirit Lake Explorations (ME) is outlining tonnage at its Edwards gold project, 30 miles northeast of Wawa, Ont. Located immediately east of the operating Kremzar gold mine, operated by Canamax Resour…
Calpine drill results bolsters Eskay Creek tonnage potential
The first hole from a phase-two drill program at Calpine Resources (VSE) Eskay Creek project in northwestern British Columbia appears to confirm the large tonnage potential of the discovery. Consolida…
Corona acquires option in Messeguay bet
An option agreement has been entered into by gold producer Corona Corp. (TSE) and Quebec junior Messeguay Mines (ME) whereby the former may earn up to a 70% interest in a portion of Messeguay’s Launay…
Prime to go public via Delaware/Colossus merger
The first step of a 3-stage process to consolidate the assets of related companies, Prime Capital, Delaware Resources (VSE) and Colossus Resource Equities (VSE) into a single entity was recently compl…
Bitech completes drilling at Nugget Pond gold property
A diamond drilling program has been completed by Bitech Energy Resources (ASE) on the company’s Nugget Pond gold property near Betts Cove, Newfoundland. Bitech completed 16 holes for a total of 6,700 …
Nuinsco hires J.M. Slack to look at Cameron study
Mining consultant Malcolm Slack has agreed to pick up where Echo Bay Mines (TSE) left off in a push to bring Nuinsco Resources’ (TSE) Cameron Lake gold property into production. Slack was named chairm…
Bidders await Gulf decision on value of Asamera assets
A decision by Gulf Canada Resources (TSE) to put its interest in Asamera Minerals (TSE) on the selling block may spark a bidding war for the Calgary-based company. A number of mining firms have alread…