Junior mining companies sometimes have high expectations and Vancouver-based Nuspar Resources is certainly no exception. The company says it has signed an agreement with “a major international gold bu…
A 10,000-ft drilling program is under way at Sun River Gold’s United Western Mine property near Oatman, Ariz. The drilling is designed to increase current reserves of 225,662 tons grading 0.263 oz gol…
The Canadian Save Flow-Through Committee rolled into town last week to garner public support for the retention of flow-through financing. Turnout at the symposium was light and probably reflected the …
A bulk sample of 45,000 tons of stockpiled development muck from the Dubuisson Twp. gold property in northwestern Quebec will be tested this fall by Goldex Mines of Toronto. President Paul Penna told …
Drilling by Seadrift International Exploration continues to intersect sulphide mineralization in the No 8 deposit. The project, known as the Aldermac, is located near Noranda, Que. Hole 5 intersected …
Runaway Resources has changed its name to Revere Resources Ltd. (rvl:vse) on a share-for-share basis.
It’s taken almost a year to put in place, but Placer Dome subsidiaries Kiena Gold Mines, and Sigma Mines (Quebec) are to be amalgamated to form a major Quebec mining division of the parent company. Pl…
Negotiations are in progress to form an international consortium charged with the task of building a $200-million uranium mine in Canada’s Arctic. Headed by Urangesellschaft Canada Ltd., (UG), an affi…
A former vice-president of the Toronto Stock Exchange (TSE), Huntly W. F. McKay, died recently. Born at Hemmingford, Que., McKay, 64, joined the TSE in 1963. He was vice-president markets and market d…
The transition from exploration to mining is a difficult one for any company and Granges Exploration is no exception. But it might have been a lot worse had Granges not had a 19.8% interest in the Tro…
Hayes Resources has received approval from the Toronto Stock Exchange to lower the conversion price of its 40 million Swiss franc convertible debentures. The conversion price will be lowered to $1.50 …
U.S. gold mining giant Homestake Mining has dug deeper into its pockets and made a follow-up offer for North American Metals. Although North American’s board of directors favors the new offer, the bid…
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