News

What would happen to you, your family and your business should Finance Minister Michael Wilson decide to cancel flow- through financing? As Minister of State (Forestry & Mines) Gerald Merrithew told T…

Torene Gold Exploration says it has two drill rigs on its Harrington Cove property in Halifax Cty., N.S., working on a 10,000-ft phase 2 drilling program. Torene says drilling is confined to the MacLe…

Construction work on surface facilities continues uninterrupted as underground development nears the Main zone deposit at Granges Exploration’s Tartan Lake project near Flin Flon, Man. The drive into …

Asbestos miners in Thetford Mines may soon have a new mine in their unemployment-stricken area of Quebec’s eastern townships. Carey Canada Inc., which shut down its asbestos mine in the area, has disc…

Following the completion this month of a $12.4-million share offering by Novamin Inc., the mineral explorer will be essentially debt free and busy with an $8-million exploration program. A large part …

Another big U.S. company, U.S. Borax & Chemical Corp., has decided to get out of the mining business. In a deal scheduled to be closed this month, Jascan Resources Inc., a Toronto-based junior, has ag…

Reno Calobrigo sells salami and cheese in Vancouver. Late last year he was also president of Consolidated Cinola, a Vancouver and nasdaq-listed exploration company which now, under a new name City Res…

Not surprising that de Havilland’s rugged little Beaver bush plane, an aircraft that has flown countless prospectors, geologists, etc. into Canada’s hinterland in search of metals and minerals, should…

The combination of high earnings, low-cost production and a generous dividend policy leads analysts Rick Cohen and Bill Richardson of Brown, Baldwin, Nisker Ltd. to recommend the purcase of shares of …

Many of the roughly 2,000 delegates came to last week’s Prospectors and Developers convention seeking relief from their fear that flow-through share funding for mineral exploration is doomed. They had…

Consolidated Professor Mines reports early results from drilling at its Duport gold property at Shoal Lake, Ont., include some “excellent” intersections from deep surface holes. The holes, the company…

A $3-million private placement of shares and warrants with institutional investors in Europe will fund the final push at Augmitto Explorations’ gold property located five miles south of here. Arranged…