News

In a recent address to the Canadian Tax Foundation, the minister of finance, Michael Wilson, alluded to a proposed general curtailment of tax preferences that enable some high income earners to reduce…

Gold-bearing mineralization has been discovered in two anomaly- testing diamond drill holes located 4,500 ft west of a gold zone being developed at the Granges Exploration and MacMillan Energy Corp.’s…

The market ends the year on a firm and upbeat note, despite the quiet post-Christmas trading. At noon the widely-followed composite 300 was up 3.15 pts to 3048.28, a 5% improvement over the 2,900.60- …

Claiming a coup, East West Minerals N.L., an Australian-based junior mining company, has purchased the Caribou base metals deposit located 30 miles west of Bathurst, N.B. The deposit was purchased for…

Edda Resources was one of the few gainers in the holiday-shortened trading week. The issue added 3 cents to 45 cents . Edda is still working on getting listed on the Alberta Stock Exchange. Goldteck …

Torene Gold Exploration plans another 10,000 ft of drilling on its Harrington Cove gold property in Nova Scotia, following results of an initial 3,000-ft program that returned six intersections in fou…

Spirit Lake Explorations has raised $100,000 through the private placement of 58,825 shares at a price of $1.70 per share. There are warrants with this stock to purchase an equal number of shares at $…

Gold mineralization has been intersected by diamond drilling on the Douay Twp., Que., property controlled by Beaufield Resources. Located east of Joutel, the property covers a geological sequence know…

Amidst the plethora of new up-and-coming heap leach situations, Hycroft Resources and Development Corp. appears to have been overlooked. Considering the production and earnings projected for 1988, its…

Preliminary assay results have been reported by Mastt Resources from two drill holes on the company’s mineral claims in the Quesnel mining division of British Columbia. Hole No. 9 returned intersectio…

The East Kemptville tin project will continue to be managed by Rio Algom on behalf of the East Kemptville Tin Corp., which is owned by the banking group that provided financing for the project. The Ea…

Vancouver-listed Skeena Resources and Tenore Oil & Gas have entered into a project engagement agreement with Noranda Exploration regarding the 62,000-acre Maggie Creek gold prospect near Eureka, Nev. …