News


Spirit tests gold zones at depth

A 7,500-10,000-ft. drill program is under way on Spirit Lake Explorations’ (ME) Edwards gold property northeast of Wawa, Ont., in preparation for underground bulk sampling. The program, designed to te…


Westmin’s drilling extends Battle zone

A fifth intersection of Battle zone mineralization was intersected by Westmin Resources (TSE) during an ongoing drill program at the company’s Myra Falls mine property near Campbell River, B.C. The mo…


Ontario Hydro sues Denison

Toronto-based Denison Mines (TSE) is being sued by Ontario Hydro. The dispute centres around a long-term uranium purchase and sale agreement signed by Denison and the huge provincial utility in 1977. …


LAC back in the black

A cleaner balance sheet, a strong hedging program and increased gold production pushed LAC Minerals (TSE) well into the black in 1991. For the year ended Dec. 31, 1991, LAC recorded earnings of US$15 …


Melinga tests Honduran project

A first-phase induced polarization survey was recently completed by Melinga Resources (VSE) on the Macuelizo concession in northwest Honduras. The company reports that several prospective gold-copper …


Abner to survey diamond prospect

Vancouver-based Aber Resources (TSE) is set to begin exploration on its diamond claims 200 miles northeast of Yellowknife, N.W.T., after purchasing all of the outstanding shares of West Viking Explora…


Pegasus eyes new opportunities

Spokane-based Pegasus Gold (NYSE) kicked off the new year by joint-venturing a Nevada gold property held by Athena Gold (VSE), and in a separate development, announced plans to make an additional equi…


NEBEX, Savoy test high-grade showing

NEBEX Resources (ASE) has exchanged its right to earn a 50% interest in the MOS 1-5 and Les 6 claims near Yellowknife, N.W.T., for a 50% interest in Savoy Gold. Drilling on the property during the 194…


Information sought on Kerr’s Baker

I am looking for information concerning James Baker, who was chief geologist at the Kerr Addison gold mine at Virginiatown, Ont., from 1937 to 1960, because of his major contributions to the mining ge…



Ottawa sells more Cameco shares

The federal government has arranged to sell 5.9 million special warrants, or about 11.5%, of Cameco (TSE) to the public at $14.60 per warrant. Each warrant will entitle the holder to receive one commo…


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