News


Plexus sells Crown Butte shares

Utah-based Plexus Resources (TSE) recently sold 300,000 shares or about half its 633,334 shareholding in Crown Butte Resources (VSE) to institutional investors at $8 per share. Plexus will use the pro…


Stewart Lake issues terms of debenture

Stewart Lake Resources (TSE) recently received $500,000 under a Series A Debenture and Warrants issued under a March 12 loan agreement with Trinity Capital Corp. The 5-year debenture bears interest at…


Orex identifies four gold zones at Goldboro

Drilling in a fan pattern from the 250-ft. level to the 125-ft. level, Exploration Orex (ME) has identified at least four distinct zones of gold mineralization at its Goldboro property in Nova Scotia….


Tin suit fails

An attempt by Noranda (TSE) to sue the federal government over losses suffered during the collapse of the international tin cartel in 1985 has been struck down by the Supreme Court of Canada. Noranda …


Low silver prices subdue United Keno Hill meeting

With silver prices at their lowest level since 1977, the subdued atmosphere at United Keno Hill Mines’ (TSE) recent annual meeting in Toronto was understandable. United Keno must wait for an upswing i…


U.S. Report Queenstake acquires Nevada properties

Encouraging results from early stage exploration work have prompted Queenstake Resources (TSE) to expand a first- phase geological and geochemical program to better define drill targets on its recentl…


South American’s gold bets look promising

Exploration activity on both the Akaiwong and Aurora properties in Guyana is uncovering good gold grades for South American Goldfields (TSE). Testing a strong geophysical anomaly on the Akaiwong prope…


Spirit of glasnost evident in Canada, Russia venture

Two of Canada’s biggest mine engineering firms are entering into Mikhail Gorbachev’s new spirit of glasnost by helping to develop a silver processing plant in the eastern Soviet Union. Toronto-based W…


Sale of Black Cliff projects approved

The proposed sale of Black Cliff Mines’ (TSE) Squaw Creek and O’Donnel River placer gold properties to Menora Resources (ME) was approved recently by regulatory authorities and shareholders of Menora….


Cache drilling at Courville

More encouraging drilling results have been reported by Explorations Cache (ME) from three holes at the Courville gold property northeast of Val d’Or, Que. Cache, which is earning up to a 50% interest…


Total cancels placement with Plexus

A private placement agreement worth about $18 million between prospective companies, Total Energold (TSE) and Plexus Resources (TSE), has been cancelled. The agreement had called for Total to subscrib…


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