News

The transition of Kam-Kotia Mines (TSE) from a holding company into an operating company is under way, shareholders were informed at the annual meeting. In March of this year the company reached agree…

A production decision has been delayed at the Crone Hill property of Galactic Resources (TSE) and Quartz Mountain Gold (VSE) because of what they describe as “ambiguous metallurgical results on the he…

The federal government’s new exploration incentive program and the extension of the present earned depletion allowance for an extra six months is certainly good news for junior resource companies. The…

With the expected demise of flow-through financing, partners Storimin Exploration (ASE) and Tandem Resources (ME) have some major decisions to make at the Moss Twp. property, west of Thunder Bay, Ont….

Initial indications of “very encouraging” results are reported by Geddes Resources (TSE), from a 35,000-ft definition drilling program on its big Windy Craggy gold- copper-cobalt property in northwest…

Incorrect drill results were published in the story “Initial results in from Goldcap bet” (N.M., April 18/88). The correct results of a program on the Tas gold property, funded by Goldcap Inc. (ASE) a…

Newmont Second Capital Corp. a wholly-owned subsidiary of New York-based Newmont Mining, recently sold its 34% stake in Sherritt Gordon Mines (TSE) for approximately $40.8 million(US). Sprott Securiti…

The flow-through saga has taken a new turn with the introduction of grants as a replacement for the controversial earned depletion allowance. The new program is designed to aid junior mining and oil a…

In an annual meeting speech, delivered with all the gusto of a southern baptist preacher’s Sunday morning sermon, American Barrick Resources (TSE) Chairman Peter Munk promised recently not to digress …

Mohave Gold Inc. (ASE) has announced it will begin three programs, recommended by MineStart Management Inc., to run concurrently on its Pilgrim mine project, 21 miles northwest of Kingman, Mohave Cty….

Visible gold has been noted in seven percussion holes completed on Cascadia Mines & Resources’ Cariboo-Kiethley Creek properties in southwestern British Columbia. Just over a year ago, the company ent…

New Century Resources (VSE) has executed an option with Buxton Placer Exploration to acquire a 50% interest in certain placer leases in the Likely area of British Columbia. Because of uncertainties re…