U.S.REPORT Goldstake selling tailings interest
A 40% interest in the Whitewood Creek tailings project outside of the Black Hills of South Dakota has been put up for sale by Goldstake Explorations (TSE). The company made no mention of the impending…
News
Gold regulations, taxes in 13 nations subject of report
New gold regulations and taxes in 13 nations are covered in a revised edition of Gold Regulations & Taxes for Mining, Refining, Manufacturing & Trade in Thirteen Countries. The nations surveyed are Au…
Correction Nicholas Lake
A preliminary reserve estimate of 1,228,000 tons grading 0.36 oz. gold per ton, with a dilution factor of 16%, has been reported by Athabaska Gold Resources (TSE) and Chevron Minerals for the Nicholas…
Carmac options LAC property
A diamond drill program is expected to begin shortly on the Hank property owned by LAC Minerals (TSE) north of Eskay Creek in northwestern British Columbia. The 6,000-ft. program will be managed by Ca…
New management for TerraGold
A deal is in the works that will see control of TerraGold Resources (ASE) pass from Jascan Resources (TSE) to Laurasia Resources (TSE) and Actuate Financial Consultants. Under the terms of a recent ag…
PEOPLE NOBLE PEAK RESOURCES
Maureen Jensen appointed director, president and chief operating officer.
Goldpost claims
Eight claims, 320.5 acres in size, in the east-central part of Hislop Twp. in northeastern Ontario, have been sold by Holcorp Gold Mines to Goldpost Resources (TSE) for $60,000. The claims are adjacen…
Belmoral sells stake in Canreos Minerals
In a private transaction, Belmoral Mines (TSE) will sell its 38% interest in Canreos Minerals (VSE) to Tor Jensen, president of Canreos. As part of the agreement, Belmoral will also write off a $45,00…
Vancouver Stock Exchange Seine River fares well
Both the Vancouver Stock Exchange’s Composite and Resource indexes fared poorly over the week ended July 10, falling 9.18 and 13.43 points respectively. The composite index ended at 789.90 while the r…
Shamrock completes bioleaching test at Arthur White mine
A demonstration test for the bioleaching process was recently completed at Dickenson Resources’ (TSE) Arthur White gold mine near Red Lake, Ont. Shamrock Resources (VSE) conducted the 2.5-month test t…
Exploration ongoing at Hucamp property
Deep underground exploration is continuing on the Manitouwadge area property of Hucamp Mines (COATS). The work is part of an ongoing program being carried out by Noranda Inc. (TSE); more than $3 milli…
Seven Mile High directors resign
A number of directors and officers of Seven Mile Group (VSE) have resigned pending a hearing before the British Columbia Securities Commission scheduled for July 6. Maurice Hamelin, former president, …