Westmin, Tanqueray busy at Little Stull
Based on encouraging drill results, a follow-up 13,000-ft drill program has been ordered for the Little Stull Lake gold property shared by Westmin Resources (TSE) (53.33%), Tanqueray Resources (ASE) (…
News
New 4,500-ton mill opened at Barrick’s Goldstrike bet
Toronto-based American Barrick Resources (TSE) has taken a significant step towards expanding gold production at the Goldstrike mine at Carlin, Nev. In a bid to increase its gold output from 40,144 oz…
Glen Auden, Dragon stake large tract in Beardmore camp
Glen Auden Resources (TSE) and Golden Dragon Resources (VSE) have staked 415 claims in Eva and Kitto twps, near Beardmore, Ont. The claims, which are adjacent to the former producing Leitch gold mine,…
Marshall Minerals’ Sangold offers encouraging results
Preliminary assay results from Marshall Minerals’ (ASE) Sangold property west of Timmins, Ont. have produced some encouraging results. They include a 38.5-ft intersection which assayed at 0.30 oz gold…
City Resources Launches Exploration Subsidiary
By late September, City Resources (Canada) (TSE) expects to have in hand the final feasibility study for its Graham Island gold project in British Columbia. In the meantime, the Australian-backed mini…
Results from Hemlo prospect are inconclusive: Interlake
On behalf of Noranda Inc. (TSE), affiliate Hemlo Gold Mines (TSE) is continuing to look for a deep extension of the Page Williams ore zone on the International Interlake property at Hemlo, Ont. Under …
Barrick’s Goldstrike mine Crown jewel in company
Not quite two years ago the Goldstrike Mine was a relatively small heap leach producer and a moderately successful one at that. But this was before Toronto-based American Barrick Resources (TSE) got i…
Interquest sees end to financing dispute
A dispute between Interquest Resources Corp. (TSE) and Trader Resource Corp. (TSE), now before the courts, could be settled before the end of September says Interquest Chairman William Koyle. The disp…
Vancouver Stock Exchange High rates, low prices, cool economy
A September rally hasn’t materialized, so there isn’t much joy in Vancouver these days. The past week on the Vancouver Stock Exchange was relatively quiet, but volumes were picking up toward the end o…
Toronto Stock Exchange Small advances fail to stem themarket’s
Small advances made yesterday and today, failed to stem losses realized during our review week. The absence of any major buying and weak market support resulted in continued losses on the TSE which, a…
Imperial finds diversification a mixed blessing
Like a good many companies with a broadly diversified asset base, Imperial Metals (TSE) has found that diversity is indeed a two edged sword. President Pierre Lebel told shareholders during the recent…
Editorial Research teamwork
Canada’s idea generators (our universities) are actively lobbying Canada’s cash generators (our industries) in search of the financial support needed to translate academic abstractions into practical …