News

The Vancouver market has turned a bit more positive. Although gold hasn’t performed too well lately it’s still at a very respectable level. Indeed, the price is well above the cost of production for m…

Chance Mining gained some ground to close at 95 cents . While no deal is expected, Kidd Creek Mines has shown interest in Chance’s Timmins, Ont., area properties. Kidd Creek is currently completing a …

McNellen Resources and Muscocho Explorations report they will jointly finance and install a test- milling facility at their Magino gold property near Wawa, Ont., at a cost of about $5 million. The mov…

Can America Precious Metals says it has completed a first-tier 2,500-ft shallow drill program on the E zone at its Manitou Lakes property in northwestern Ontario. The company says the average depth of…

Gold London Bullion Dealers afternoon (morning) $US per oz. Date July 7 July 6 July 3 July 2 July 1 444.50(444.80) 443.35(443.10) 444.10(443.00) 446.25(447.40) 447.75(445.75) …

Westar Mining has been given Stage 1 approval-in-principle for the proposed Falcon development at its Greenhills coal project in B.C.’s Elk Valley. The announcement was made jointly by Energy, Mines a…

Golden Pacific Resources says it has an agreement in principle with a B.C. company to acquire a 51% interest in a 50-claim block in the Caribou mining division of B.C. It adds it has also purchased th…

Ican Minerals — Guenter Liedtke appointed president succeeding Dieter Peter who has resigned as president and a director. Ralf Kleine has also resigned as vice-president mining and a director.

A detailed mapping of gold deposits in the Matachewan-Kirkland Lake-Larder Lake area of Ontario, will be carried out by the province’s ministry of northern development and mines. The gold mapping work…

Vancouver-based Omni Resources has signed a memorandum of agreement for a joint-venture project with Noranda Exploration on the latter’s precious metals Scar property in the Yukon. The 34-claim proper…

The Ontario Securities Commission has released its new junior mine financing policy for public comment until July 30. It is expected that the policy will become official by September. The policy is ba…

Although trading activity here is still quite respectable, the price volatility seen in recent months has almost disappeared. Weaker gold prices were a major factor in the market retreat but they have…