News

A wholly-owned subsidiary of Sullivan Mines, Sullivan Resources, has received notice from one of its partners in the Arthur W. White gold mine in northwestern Ontario concerning a right of first refus…

Duration Mines has completed a private placement with isa Pacific Gold Fund which netted the company $190,000. Duration issued 100,000 shares at $1.90 per share.

Agreement has been reached by D’Or Val Mines with Banque Indosuez, Geneva, Switzerland, for the placing of a convertible bond issue in the amount of 35 million Swiss francs (about $30.5 millionC) with…

Eight drill holes totalling approximately 5,125 ft have been completed on Consolidated NRD Resources’ Pinto South property near Val d’Or Que. The company says the gold-bearing intersections are simil…

Skylark Resources has entered into an agreement with a U.S. company to earn a 60% interest in a claim block located within the Carlin trend in Nevada. The property is surrounded on two sides by Ameri…

With the composite 300 index off 7.3 pts at today’s close to 3,902.37 pts., the market continues to exhibit its volatile nature, which might best be illustrated by a gold and silver index that set a r…

Averaging costs in 1986 at 147 primary gold mines, Mine Development Bimonthly calculates that 50% of the gold cost less that $200(US) per oz to produce, with 75% of the gold produced at or under $230….

A third mineralized zone has been discoverd by X-Cal Resources on the company’s Tyax property in B.C. The claims are located in the Bralorne-Bridge River area. The new zone returned an average grade o…

MFC Mining Finance says it will purchase VenturesTrident’s 25% joint-venture interest in Cactus Gold Mines’ operating heap-leach gold mine in California, 50 miles northeast of Los Angeles, in return f…

De-watering of the existing underground workings at the Rand Malartic gold project at Val d’Or, Que., is almost complete, NSR Resources reports. Ramping is set to begin as soon as the dewatering is fi…

Vancouver-based Aber Resources says it is encouraged by drilling results at its Butterfly Lake project in the Northwest Territories’ Mackenzie district. Located 15 miles southeast of the Lupin mine wh…

Thanks to the flow-through financing introduced by the federal government, this country is witnessing the greatest gold rush in its history, with upwards of $1 billion to be spent on its exploration t…