Toronto-based Glencairn Explorations (ASE) is attempting to bring a Brazilian placer diamond operation into production by the second quarter of 1989. Owned by Mineracao Piracicaba of Rio de Janeiro, …
Using its Fat Lake gold project as collateral, Calgary-based Borealis Exploration (ASE) has arranged for a gold backed bond from a U.S. investor group for $25 million(US), the company said recently. U…
The former chairman and chief executive officer of Seabright Resources says a lawsuit launched against himself and other former directors of the company is without foundation. “The allegations contain…
An expanded drill program is about to begin on the remote Turquetil property where partners Dejour Mines (TSE) (50%) and Noble Peak Resources (ASE) (50%) have obtained some good intersections. Located…
The lazy, hazy days of summer did little to inspire fervor for the market again this week in Toronto. Trading volume, at 396.6 million shares for the month of July, was the lowest level since December…
Toronto-based Bitech Energy Resources (ASE) has announced what it believes is a significant gold discovery in the Betts Cove area on Newfoundland’s Baie Verte Peninsula. The discovery was made during …
Reporting lower net earnings for the first six months of 1988, but similar gold production at its Red Lake, Ont., mine, compared with last year, was Dickenson Mines (TSE). Net earnings to the end of J…
A drilling program this year at its Gerido division in northern Quebec has uncovered two platinum/ palladium and gold bearing massive sulphide, copper-nickel deposits, La Fosse Platinum (TSE) reports….
An action brought by Metalore Resources (TSE) against Ontex Resources (ASE) alleging conspiracies in relation to a lawsuit launched by Ontex against Metalore has been dismissed by an Ontario Supreme C…
A gold property located at the north end of California’s famed Mother Lode district has become the subject of a joint venture agreement between Battle Mountain Gold (TSE) and Centurion Gold (VSE), a V…
Utah-based Gold Standard Inc. which is challenging American Barrick Resources’ (TSE) right to own the Mercur gold mine has announced a $2.25-million financing agreement with FCMI Financial Corp. of To…
Here’s a curious piece of information. U.S. mining men, it seems, are more fired up about technology transfer than are Canadian miners. Six months ago two international mining journals, published in…
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