Armada intent on producing gold in Siberia
Armada Gold, an Alberta-listed company with one of the more advanced projects in Russia, continues to nudge its tailings property toward a production decision. Currently, the company is building a 400…
News
Golden Giant workers ratify agreement
Organized workers at the Golden Giant mine of Hemlo Gold Mines (TSE) have voted 70% in favor of accepting a first collective agreement. The agreement, covering 223 employees affiliated with the United…
Zinc market an obstacle to Pend Oreille’s development
A feasibility study of the Pend Oreille base metal mine in Washington state concludes that RFC Resource Finance (TSE) can profitably develop the Yellowhead zone at a zinc price of US55 per lb. Diluted…
Sudbury Contact continues drilling Victoria Creek
More encouraging results have been reported from the Victoria Lake gold project near Larder Lake, Ont. So far, Sudbury Contact (TSE) has drilled 18 holes, totaling 20,642 ft., and the work has confirm…
CDDA may undergo change of name
The Canadian Diamond Drilling Association (CDDA) is considering changing its name to better reflect the drilling industry as a whole. A motion was put forward at the annual general meeting in Montreal…
NEWS ROUNDUP — Exroy raises funds for W. African work
In a private placement, Exroy Resources (CDN) will issue 750,000 treasury common shares at 20 cents each and warrants exercisable for a 2-year period at 20 cents, for an additional 250,000 treasury co…
Aurizon funds La Esperanza
A private placement in La Esperanza Gold Explorations gives Aurizon Mines (VSE) added exposure to Mexico. The placement includes 200,000 shares at 50 cents and represents an initial 28% interest in th…
STOCK MARKETS — Golden Unicorn tops trading on western
Selling on western markets let up somewhat over the week ended April 26, with the Vancouver Stock Exchange composite index slipping 13.67 points to 1,080.08. The resource index fared worse, posting a …
NEWS ROUNDUP — Lime keeps Global Stone in black
Despite severe weather at its operations in Ingersoll, Ont., and Luttrell, Tenn., Global Stone (TSE) managed to post earnings for the three months ended March 31. Net income for the period was $627,00…
OBITUARY — V.N. Harbinson
Canadian mining has lost one of its best-known and most respected promoters from the heyday years of junior mining with the passing of V. Noble Harbinson, who contributed in no small way to raising th…
Minorca, William option Guyana ground
Rouyn-Noranda, Que.-based Minorca Resources (VSE) can acquire the Whanna River gold property in northwest Guyana from Gribaker Mining. The junior is carrying out a 90-day due diligence program of pros…
Dufresnoy raises $750,000 from Mazarin
Montreal-listed Mazarin Mining has subscribed to half of a $1.5-million private financing to be completed by Dufresnoy Industrial Minerals (ME). Marazin will obtain 1.4 million units at 55 cents each …