News

Espalau to acquire Bachelor Lake shares

Debt-heavy Bachelor Lake Gold Mines (ME) will be taken over by Espalau (ME). Under an agreement, Espalau will acquire all of the issued and outstanding shares of Bachelor Lake, as well as Bachelor’s o…


Rio posts profit for 35th straight year

For the 35th consecutive year, Rio Algom (TSE) has showed its mettle by posting earnings and dividends. Nevertheless, earnings decreased 14%, compared with 1992, while revenues gained 5% for the same …



Bethlehem to test Delta-1

Junior Bethlehem Resources (TSE) can earn a half interest in the Delta-1 gold-silver prospect in northern Mexico. Under an agreement with Levelland Energy & Resources (VSE) and Minera Delta, the compa…


Western Quebec completes funding

Financing has been arranged for the purchase of the Eagle River gold project near Wawa, Ont. Western Quebec Mines (TSE), which is acquiring the project from Hemlo Gold Mines (TSE), completed a private…


Glacial study for Sagar project

A study of the quaternary geology of the Sagar-III property, in Quebec’s Labrador Trough area, has met with encouragement. Mineralized boulders previously discovered on the property, owned by Virginia…


Youth group backs mining

Four university students in British Columbia have formed a youth group to promote mining in the province. Law student Lisa Skakun, a founding member of the B.C. Mine Society, said the goal is to creat…






Company director fined in accident

A company director, along with the company itself and a supervisor, has been convicted of an offence, the first under Ontario’s revised Occupational Health and Safety Act. The accused pleaded guilty r…


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