Bresea and Ayrex plan drill program
A 26,000-ft diamond drilling program is being considered by partners Bresea Resources and Ayrex Resources on their equally held 324-claim property in Desmazures Twp., Que. Located north of Joutel, the…
News
Oracle to finance underground work by Western Quebec
Western Quebec Mines plans to go underground next year on its Joubi property near Val d’Or. The project will be financed by Oracle Exploration Inc., a new company based in Montreal that has taken out …
Flotation mill on target in B.C. for Rhyolite Res.
The construction of the flotation mill on Rhyolite Resources’ Texada Island property in the Nanaimo division of B.C. is on schedule and should be completed by mid-to-late November, reports Chairman Jo…
Toronto Stock Exchange: Sluggish market dips, golds take it on the
Wednesday close, Oct 29 A sluggish market this week saw the widely followed composite 300 mean der a few points here and a few points there. Today it was off 0.77 pts for a close of 3,011.82. While t…
Flow-through under review, Wilson says
Flow-through share financing for mineral exploration is part of a broad review on tax policy being undertaken by the Department of Finance, Federal Finance Minister Michael Wilson has confirmed. The f…
Nevada on TSE
Shares of Nevada Goldfields Corp. were posted for trading on the Tor onto Stock Exchange on Oct 28. Based in Vancouver, B.C., this company has interests st in three precious metals properties under d…
Robots are not needed to mine Cigar Lake uranium
The Saskatchewan Mining Development Corp. has submitted a mining proposal to federal regulators in Ottawa to approve the start of a test mine entry at about this time next year on the high-grade urani…
Total Erickson entry will spur B.C. bet
The Dome Mountain precious metals project near Smithers, B.C. has moved one step closer to production with the entry of Total Erickson Resources as a partner in the play. Development of the property h…
Alberta Stock Exchange: Tandem volume leader
DWednesday close, Oct 29 Tanner Arctic Oil was the volume leader for another week. The company, which has a whopping 53.8 million shares issued, added 2 cents to close at 20 cents . Tanner has acquire…
Queries: Reactivated Hubert Lake Ungava Mines sitting tight and
** options. ** I am a long-time subscriber to your fine mining newspaper. I am interested in dormant over-the-counter mining companies that change hands and are reactivated. My idea being that if a gr…
Editorial Vander Zalm can add substance to style
The Social Credit party in British Columbia scored a resounding vict ory in the recent provincial election, which bodes well for the province’s mining industry. Unlike his predecessor, Premier William…
Kinbauri Gold Corp. has netted $158,460 through the completion of
placement of flow- through units, subject to regulatory approval. The company plans to start drilling immediately on its properties east of the Kirkland Lake airport. It says it has also entered into …