Alberta Stock Exchange Durvada gains 33 cents
Nine recently completed drill holes on BMR Gold’s America Mine project in California have intersected more high-grade reserves in an area where initial open pit production is planned. One intersection…
News
COATS (over-the-counter) Oxford Lake exploration
Continuing as a high volume trader, Lithium edged up 6 cents to close at $1.86 on a volume of 230,150 for the week ended June 5. Noranda’s Winnipeg manager said exploration on the Oxford Lake gold pro…
Montreal Stock Exchange New VSM zone
News of a new zone discovery at the Grevet zinc property near Matagami, Que., helped propel the shares of VSM Exploration to $1.20, a gain of 35 cents, on a volume of more than 500,000 shares, for the…
Latest hole hits new zinc zone ups potential of VSM’s Grevet
A new high-grade zinc zone has been discovered by 50/50 partners VSM Exploration (ME) and Serem-Quebec on their Grevet base metal property, about 40 km northeast of Quevillon, Que. Located in an area …
Queenston busy on five gold projects
Diamond drilling is set to get under way this month on five separate gold properties owned by Queenston Mining (TSE) in northern Ontario. Work programs are starting on the company’s Upper Beaver and V…
Major General drilling on Pickle Lake project
A 6,500-ft. drill program has started on Major General Resources’ (VSE) Dorothy Lake gold project, about 50 miles west of Pickle Lake in northwestern Ontario. The 62-claim property is about nine miles…
News in brief Consolidated Silver Standard Mines
Consolidated Silver Standard Mines (CDS:VSE) has changed its name to Silver Standard Resources Inc. (SSO:VSE) on a share-for-share basis. Transfer agent is Montreal Trust Co.
Volatile gold price slows mines startups
The decline in gold prices over the past two years has slowed new gold mine development worldwide, reports the London-based Mining Journal. The slowdown is most obvious in North America and Australia,…
Toronto Stock Exchange Gold issues suffer as Placer Dome ponders
As investors awaited the outcome of the Meech Lake discussions and for Placer Dome to make the next move in the battle for Eskay Creek, gold issues continued to suffer today, June 6, from the recent p…
Gold glass cuts energy expenses
The recently inaugurated Las Vegas Mirage Hotel is equipped with a device to reduce air-conditioning and heating costs, according to a report by The Gold Institute in Washington, D.C. In the summer, M…
OBITUARIES Norman Ursel led Noble Peak north
Norman Ursel, president of Noble Peak Resources and Norman H. Ursel Associates, died in Toronto, Ont., May 29. He was 63. Ursel is best known for his pio 0000,0600 neering activities in Canada’s far n…
Corona restructures, ups offer in bid to win control of Eskay
Moving to consolidate its position in the Eskay Creek project in British Columbia, Corona (TSE) has tied up control of the gold deposit’s two major players. Under a revised merger deal, Corona has acq…