Work starting soon on White-Guyat bet
Work on the first stage of a phase- two exploration program is expected to start shortly on the property of White-Guyat Mining in Munro Twp., north of Kirkland Lake, Ont. President John White says the…
News
Villeneuve gets Sturgeon option
Villeneuve Resources has signed an optioned agreement giving the company the right to earn a 100% interest in 93 claims near Sturgeon Lake in northwestern Ontario. Located near the former producing St…
Inspiration, Minorco deal will form new gold company Set for two
A new partnership, designed to search for and acquire gold reserves in North America, is being formed by Minorco and Inspiration Resources Corp. The partnership will consist of all the assets of Inspi…
Supreme Court to hear appeal by Lac
The legal battle surrounding ownership of the Page Williams mine in the Hemlo gold camp in northern Ontario has moved on to the next — and final — stage. The Supreme Court of Canada has given Lac Mi…
Golden Zone gets drilling results
A 10,000-ft drill program carried out by Golden Zone Developments has extended the mineralized zones in the breccia pipe on its Golden Zone gold- silver prospect in south-central Alaska. The Golden Zo…
More exploration, development on agenda for Belmoral Mines
In a strong financial position today compared with recent years, Belmoral Mines will be placing more emphasis on exploration and development, says the company’s new president. “We have to dedicate our…
Former employees at Gaspe Copper to get assistance
The Gaspe Copper division of Noranda Minerals at Murdochville, Que., has set up an initial fund of $1 million to help former employees at the Gaspe Copper mine dispose of their homes in Murdochville. …
Louisiana leads the way
In a week when a number of issues posted substantial gains, the Louisiana Mining issue lead the way with a 65 cents increase on its share price. According to Louisiana, the shares were responding to …
Ferronickel export duty hits at Falconbridge
Faced by imposition of an unexpected 25% export duty on shipments of ferronickel from the operations of subsidiary Falconbridge Dominicana C por A in the Dominican Republic, Falconbridge Ltd has halte…
Asamera Minerals shows profit
The new mining arm of Asamera Inc., Asamera Minerals reports net profits from the start of operations on July 1 to Sept 30, of $1.1 million(US) on revenues of $6 million. Pro-forma results (which assu…
Copper prices boost HudBay Ruttan
As the operator at one of Canada’s less successful copper mines, Hudson Bay Mining and Smelting, doesn’t like to be overly optimistic about the prospects for its latest acquisition. But with copper pr…
Yellowjack options Lucky Boy claims
Yellowjack Resources has optioned the Lucky Boy property from Cominco Ltd. Located two km south of the H.B. mine near Salmo, B.C., the property covers showings of lead-zinc mineralization similar to t…