Goldstake hits gold at Java property
Gold found in chip samples taken from its property in Java, Indonesia, was sufficient to triple the share price of Goldstake Explorations (GXP-T) last week.The shares jumped to $3.55 from $2.37 on Sep…
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Nuinsco hits pay dirt in Rainy River
A drill hole at the Rainy River, Ont., project of Nuinsco Resources (NWI-T) has revealed an intercept of significant gold mineralization.Hole NR96-45, drilled near the centre of the 17 zone, produced …
James takes helm at Inmet Mining
If William James lives up to his reputation as savior of struggling Canadian mining companies, Inmet Mining (IMN-T) may finally succeed in fulfilling shareholders’ expectations.The board of Inmet has …
Milagro and Geomaque to merge
Milagro Minerals (MLG-V) and Geomaque Explorations (GEO-T) have agreed to merge their operations.Milagro shareholders will receive one Geomaque share for every four shares of Milagro held. On completi…
Hecla inks deal with Santa Fe for Rosebud
Hecla Mining (HL-N) and Santa Fe Pacific Gold (GLD-N) will develop the Rosebud gold-silver deposit, 50 miles west of Winnemucca, Nev.Under a 50-50 joint-venture agreement, Hecla will operate the high-…
Cambior buys stake in Zappa
With financing in place, exploration will finally begin in earnest on a portfolio of Ecuadorean gold properties assembled more than three years ago by Zappa Resources (ZPA-V).Cambior (CBJ-T) has agree…
PEOPLE –PRIME EQUITIES
Michael Pezim appointed president and chairman; Naren Majithia appointed vice-president of finance; Peter Tallman appointed vice-president of exploration; and Neil Mandleman appointed chief financial …
Ontario staking rush attracts flock of companies
In what could prove to be Ontario’s last great staking rush, several hundred claimstakers recently converged near Temagami on a piece of northeastern Ontario roughly the size of Prince Edward Island.F…
CIM to shed light on Huckleberry
The Vancouver branch of the Canadian Institute of Mining, Metallurgy & Petroleum will host a presentation on Princeton Mining’s Huckleberry copper-molybdenum-gold-silver project, which is situated nea…
STOCK MARKETS — Market sets record without help from mines
The Toronto Stock Exchange vaulted past its previous record high on Sept.16, as the TSE 300 index closed the period Sept. 11-17 at 5,268.48, up 121.36 points from the week before, a gain of 2.4%. Fear…
Okak South results fueling optimism
New drill results from the NOT No. 3 property in the Okak South region of Labrador reveal more nickel-bearing intervals.Partners Noront Resources (NOT-V) and Golden Trump Resources (GTZ-V) report that…
Mazarin Mining looks to Haitian mineral prospects
A Quebec-based asbestos company with a large share of that province’s production has expanded into exploration for gold and base metals overseas.Mazarin Mining (MAZ-T) has obtained the option to acqui…