Montreal Exchange Seniors show way
While the junior mining companies have tended of late to be among the active issues on the Montreal Exchange, two of the “senior” mining firms shared the limelight this week. Lac Minerals, which dropp…
News
General News & Comment Quebec prospectors press for support of
The Quebec Prospectors Association has been successfully lobbying the “opposition” in the fight to save flow-through financing, President Regis Labeaume told The Northern Miner in a telephone intervie…
Minieres du Nord plans decline at Isle-Dieu bet
Encouraging results have been reported by Explorations Minieres du Nord from its Isle-Dieu gold property in the Matagami Lake area of northwestern Quebec. Among the better assays was hole 837W-1, whic…
Panorama set to evaluate potential of two projects
With two advanced-stage gold properties now under option, Panorama Petroleums is moving quickly to evaluate its production potential. Reflecting its new emphasis on mining, the company also plans a na…
Alberta Stock Exchange Ateba trades heavily
News that Ateba Mines has started milling operations at its Beardmore, Ont. gold properties sparked considerable investor interest in the Toronto based company. On a day when volumes were well down, …
Golden Range gets B.C. silver project
Golden Range Resources has optioned a 7,200-ac property near Revelstoke, B.C. The company can earn a 100% interest in the ground by spending $500,000 on exploration over a 5-year period and making cas…
First gold is poured at Black Swan mine
Gold has been poured at Black Swan Gold Mines’ Gabanintha project in Western Australia. The $12-million(A) development is expected to produce about 40,000 oz gold per year, 25% of which will go to Bla…
Yorbeau, Bourlamaque reach agreement
An agreement has been signed by Yorbeau Resources and Bourlamaque Mining Exploration whereby the latter may earn a 50% interest in Yorbeau’s Vauper property in northwestern Quebec. Bourlamaque may ear…
Toronto Stock Exchange Court news rally gives way to retreat
An Ontario Court of Appeal decision this week re-affirming an earlier court ruling to award International Corona Resources the Page Williams gold mine put into production by Lac Minerals in northern O…
Belmoral Mines would buy major interest in Louvem dw
The Quebec mining firm Louvem Inc. has attracted a second suitor. Toronto-based Belmoral Mines says it is prepared to spend $20 million to purchase a majority interest in the Val d’Or gold producer. B…
Reserves could double at Echo Bay’s McCoy prospect
If infill drilling at Echo Bay’s Cove gold deposit produces the expected results, drill-indicated reserves at the Nevada property could double, the company said recently. The Cove deposit is on the sa…
Granges will operate Alpine project
Granges Exploration will take over as operator of the Alpine gold project of Cove Energy Corp., under a multi-faceted agreement between the two companies. The project is located near Nelson, B.C. Cove…