The first 12 holes of an 8,000-ft diamond drilling program have been completed on Asquith Resources (COATS) Matona mine property in Tyrrell Twp., 20 miles west of Gowganda, Ont. The program, currently…
The country’s newest nickel mine will produce 12.5 million lb of nickel this year compared with the 15 million lb originally planned. The reason is a delay in reaching full capacity, now set for some …
The futures market in metals began about a century ago because Chilean copper took about three months to get to England in the ships of those days. Traders needed to know the price they could deal at …
Followers of the Dan Willans saga may be interested in a television program, Unsolved Mysteries, which will devote part of its Jan 11 show to the mining man and his mysterious disappearance in 1936. A…
An injunction is being sought by Gold Texas Resources (VSE) against Malartic Hygrade Gold Mines (VSE) which, if approved, would prevent the latter from voting its shareholding at any Gold Texas shareh…
A private placement of one million flow-through shares at $1.50 per share has been arranged by Geddes Resources (TSE) with Northgate Exploration (TSE). The placement is subject to regulatory approval….
Cambior Inc. (TSE) dramatically entered the ranks of Canadian gold producers with the largest-ever initial public offering made in Quebec. The $150-million issue was warmly received late in the summer…
BHP Utah Mines is beginning a 4,000-ft drill program on a property held under option from Glencairn Explorations (ASE). Known as the Blue Mountain property, the claims are located west of Kirkland Lak…
In an effort to reduce escalating confrontations over land use in British Columbia, Parks Minister Terry Huberts and Mines Minister Jack Davis formally announced in late December that mineral explorat…
An underground drilling program, currently under way on NLX Resources’ Gowganda, Ont., silver property, continues to yield encouraging assay values. The program, being carried out under the direction …
The Green Springs gold mine of USMX Corp. (NASDAQ) in Nevada is operating “above design levels,” Michael Mehrtens, president, confirms in the company’s latest interim report. The mine also generated a…
Denver-based Amax Gold has emerged with a larger stake in affiliate Canamax Resources (TSE). Following Canamax’s decision to repay $5 million of an outstanding loan to the Denver company, Amax has inc…
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