News

Mackenzie Watson, president of Freewest Resources, was named Prospector of the Year at the 400-strong Quebec Prospectors Association (QPA) convention and annual meeting held recently in Val d’Or, Que….

A trio of mines ministers will spearhead plans to pull together mining, governments and other interest groups to create an action plan for the troubled industry, the Yukon’s mines minister said during…

The metals and minerals sub-index increased but the all-items commodity price index of Scotiabank dropped in July by 1.4%, the index’s second consecutive monthly decline. Higher base metal and gold pr…

This, our political leaders would have us believe, is the best they can do. The Charlottetown Accord — successor to the failed Meech Lake Accord — is the latest attempt to “renew” the Canadian Const…

Goldbrook Explorations (TSE) and joint venture partner Castlewood Metals and Explorations (CDN) have optioned an additional 19 claims in the Onaman River area, 50 miles north of Beardmore, Ont. The ne…

— Guyana, situated on the northeastern shoulder of South America and that continent’s only English-speaking country, is in the throes of a general election. Voting day is Oct. 5. Elections in Guyana,…

As a promoter of several junior mining companies in Ontario, I have invested my capital and have succeeded in financing exploration programs through Ontario prospectus offerings. The Ontario Securitie…

Following their failure to receive court approval for a 3-way merger with Rembrandt Gold Mines (ASE), Canarc Resource (VSE) and Suntac Minerals (VSE) plan to proceed with a 2-way merger. As in the pre…

Placer Dome (TSE) says the geological resource at the Porgera mine in Papua New Guinea has been increased to 130.4 million tons grading 0.14 oz. gold per ton at a cutoff grade of 0.04 oz. gold, 2.7 mi…

Following a global search for new prospects by its business development arm, Lac Minerals (TSE) has agreed to acquire all of Chevron’s mineral interests in Ireland for US$70 million. The property port…

Once permits are in hand, Valerie Gold (VSE) intends to start an initial 5,000-ft. drill program on its Mega-Gold property in the Taseko River area north of Lillooet, B.C. The program will be funded b…

The nine member firms of the Securities Dealers Society of Ontario (SDS) have launched a lawsuit against the Ontario Securities Commission (OSC) and the OSC’s chief compliance officer, Donald Page, ov…