Unlisted Trading Craibbe surges
The share price of Craibbe-Fletcher Gold Mines has surged above the 70-cent level as the company plans to resume underground exploration of its property that adjoins the Campbell mine at Red Lake, Ont…
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Drill results from Myra Falls
Ongoing drilling by Westmin Resources (TSE) at its Myra Falls mine property returned two relatively narrow intersections of massive sulphide mineralization. The company is testing a new high-grade ma…
Paymaster gives encouraging results from drilling, drifting
The first drill core assays from an underground program at the Paymaster property near Timmins, Ont., suggest that the gold-rich 36 and 37 zones continue downdip. Testing extensions of the zones at a…
NEWS IN BRIEF Inspiration accepts Minorco offer
Inspiration Resources (TSE) has accepted Minorco’s recent $100-million offer to purchase from Inspiration all of the shares of Hudson Bay Mining & Smelting (TSE). If the deal goes through, it will ena…
Montreal Exchange Settlement at Faro
After a 10-week strike, Curragh Resources has reached an agreement with employees at the Faro lead-zinc mine in the Yukon. The deal calls for a 17.6% wage increase over three years as well as other pa…
U.S. REPORT Pegasus to drill Washington bet
Precious metal producer Pegasus Gold (TSE) will complete several thousand feet of drilling on Eagle Lake Explorations’ (ASE) Kelly Hill gold skarn property in Washington, following a joint venture agr…
Name change for La Sarre
Shareholders of Societe d’Exploration Miniere La Sarre (ME) recently voted in favor of a share consolidation and a name change. The company said its shares will be consolidated on the basis of one new…
Cochise crews on site at Eastmain
Exploration crews have moved on site at Cochise Resources (ASE) copper property in the Eastmain River area of northern Quebec. Cochise plans to spend $550,000 to map and sample a mineralized granodior…
Yorbeau raises new financing
First closing of a private placement raised $400,000 for Yorbeau Resources (TSE), the company reported. The deal was intended to raise a maximum of $500,000 through the sale of up to 500 units. Each u…
VSE-listed stock could control Barrick-Newmont successor
General Oriental Investments (VSE), an investment firm controlled by Anglo-French financier Sir James Goldsmith, could emerge with the major share of the combined gold producing assets of Newmont Mini…
Cross Lake tests copper bet
By spending $23,200 on exploration, Cross Lake Minerals (VS a 50% interest in an early stage copper prospect from Trans Border E (VSE). The 80-claim unit is 50 miles northwest of Prince George, B.C….
Colomac going out on a high note
The Colomac mine of NorthWest Gold(Amex) in the Northwest Territories is scheduled for suspension with the last ore to be delivered to the mill July 3. Milling started in May, 1990, and 2.5 million to…