News

ERG Resources has picked up a $2.475-million building permit from the city of Timmins, Ont., for the construction of the shell of its new tailings treatment mill building on the property of Giant Yell…

Vista Mines has filed an offering prospectus with the Toronto Stock Exchange. The underwriter is Davidson Partners. The issue will raise a maximum of $750,000 for Vista’s gold mine project near the Sa…

There are an estimated 11,000 hectares of mine tailings in Canada, many leaking acidic water into the environment. The industry spends millions monitoring this very serious environmental problem and t…

Several new issues on the coats lists appear to be bucking the current downtrend. Strike Minerals, which was underwritten at 30 cents last month, was trading on good volume at 60 cents – 70 cents tod…

The Magnacon gold project near Wawa in northeastern Ontario continues to surprise, the vice- president of Flanagan McAdam Resources said at the company’s annual meeting. J. T. Flanagan, who is also pr…

British Columbia’s asbestos producer, Cassiar Mining Corp., has decided to proceed with a $38.8-million development of its McDame deposit located near Cassiar, but is seeking government help to financ…

An Australian placer gold mining concern, Sandhurst Mining has closed earlier plans to acquire approximately 20% each in two Vancouver-based companies, Queenstake Resources and Canadian United Mineral…

A reverse circulation drill program completed by Eureka Resources has confirmed the extension of the Jay zone over a strike length of 750 m. The property is located near Williams Lake, B.C. Over the s…

The old Coleman mine on the north rim of the Sudbury Basin, which was shut down in 1982, will get a new lease on life. Inco Ltd. announced this week it plans to spend $51 million to access the lower p…

Reserves in all categories have risen to 247,078 tons at an average grade of 0.41 oz gold per ton at the Spud Valley property on Vancouver Island, McAdam Resources reports. Proven and probable reserve…

Carben Energy has changed its name to American Medical Technologies Inc. (amo:vse) on a share- for-share basis.

.00 — 7.50 ** May 715.00 684.00 686.90 — 7.30 ** ** GOLD (in US$ per oz.) ** ** Dec 494.20 480.00 482.70 — 0.08 ** ** Feb 499…