Inco stepping up pace of Snow Lake drilling
Inco Gold, an affiliate of Inco Ltd. (TSE), has stepped up its drilling activity at the Snow Lake gold mine project in Manitoba. The company has added another rig, bringing to four the number of drill…
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Cameco enters diamond hunt with Uranerz Exploration
Diamond exploration has caught the fancy of Cameco, the company formed through a merger of two Crown corporations Saskatchewan Mining Development Corp. and Eldorado Nuclear. The company recently concl…
First brick for Aunore, Nova-Beaucage
The first gold brick from the Elder mine project in Quebec’s Rouyn-Noranda area was poured in early March, partners Aunore Resources (ME) and Nova Beaucage Mines (TSE) report. Plans by the companies c…
Quebec nickel play fueled by mystery
At last count, 24 junior companies had acquired properties in the Lac St. Jean area of Quebec, where a new base metal discovery is generating plenty of action. Since no drilling has yet been done, a g…
Moneta, Unocal North zone results
Moneta Porcupine Mines (TSE) recently released interim assay results from the Michaud Twp. gold project, 65 miles east of Timmins, Ont. Under an agreement, operator Unocal Canada Ltd. of Calgary can e…
LynnGold re-examines Manitoba nickel mines
The strength in nickel prices has prompted LynnGold Resources (TSE) to re-examine two former producing nickel-copper mines near Lynn Lake, Man. Acquired from Hayes Resources (TSE), the mines, known as…
Toronto Stock Exchange Rebounding gold adds some life to majors
Signs of creeping inflation finally outweighed the negative effects of high interest rates on gold bullion. Today’s second London fix of $387.25 (US) per oz was up by more than $3. Despite the firming…
Corona asks court to halt Goldcorp bid for Dickenson
A motion by Corona Corp. (TSE) seeking an interim injunction to prevent a takeover by another firm of Dickenson Mines (TSE) and Kam-Kotia Mines (TSE) was to be heard April 13 and 14 in a Toronto court…
Aurogin completes drilling program
Aurogin Resources has completed a drill program on properties under option from Morrison Minerals (COATS) in northeastern Ontario. Eight diamond drill holes were completed on seven of 12 magnetic anom…
Belmoral rejects Ketza, Canamax sues
Toronto-based Canamax Resources (TSE) is taking Belmoral Mines (TSE) to court over Belmoral’s decision not to purchase the troubled Ketza River gold mine at Ross River, Y.T. In a brief statement, Cana…
Vancouver Stock Exchange Juniors languish awaiting gold rally
The external factors depressing equity markets across Canada remain very much in evidence and continue to keep wary investors on the sidelines. Gold in particular has yet to pull out its price slump, …
Stroud, Exador drilling extends Leckie zone
A drill program has extended a gold mineralized zone along strike and at depth, partners Stroud Resources (TSE) and Exador Resources (TSE) say. Work on their Leckie property north of Temagami, Ont., e…