Sunburst optimistic about re-activation
Aggressively seeking equity financing, Sunburst Exploration is optimistic that it can be re-activated as a dynamic junior mineral exploration entity in this current fiscal year. Director T. Jensen rep…
News
American Eagle will fly Oct 20
The Eagle, the first gold coin minted by the U.S. government in 54 years, will go on sale Oct 20. Sales of the legal tender, 92% pure-gold coin are expected to reach as high as 2.2 million oz of gold …
Nova buys old Ontario mine works on another in Quebec
Already well advanced on a joint venture re-development program on an old mine in Quebec, Nova Beaucage Mines is setting out on its own with a similar re-development scheme for a mine in Ontario. The …
Terra signs deal on Mexican play
An agreement has been signed between Edmonton-based Terra Mines and a Mexican mining company called Industrias Penoles, S.A. de C.V. providing for joint exploration and development of a group of gold …
Assay results are expected shortly from a first diamond drill hole
by Consolidated Sea Gold, on its Cahill claim group at Hedley, B.C. The company says the hole was drilled to a depth of 903 ft, with visual mineralization throughout most of it. Further drilling is go…
Nanisivik, Ontario rescue co-winners
Ontario’s mine rescue team, entered for the first time ever in the national mine rescue competition, has tied with a Northwest Territories team from Nanisivik Mines for top spot in the event, held rec…
Broker-dealer firm turns to mutual funds
From the marketing of highly speculative grass roots mine issues to mutual funds represents quite a switch. But that’s the direction now being taken by the broker-dealer firm of Gordon-Daly Grenadier …
Shaft nearly complete on D’Or Val’s Beacon property
The exploration shaft on D’Or Val Mines’ Beacon gold property, just east of Val d’Or, Que., has been sunk below the 1,350-ft level with stations cut for future drives at depths of 770-ft, 950-ft and 1…
Vanwin Resource Corp. says a new zone highly anomalous in nickel
platinum group metals has been found on its Raft group of claims on Vancouver Island, B.C. Diamond drilling is expected to start shortly.
OSC meeting
The Ontario Securities Commission will hold a public meeting at its Toronto offices on Oct 21, (beginning at 9.30 a.m.) to hear submissions from the public concerning the Thompson Committee report on …
MacMillan/Granges extend Mishibishu Lake gold zone
The gold zone being developed in the Mishibishu Lake area of northern Ontario under a joint venture with Granges Exploration has now been traced for 1,100 ft with current drilling stepped out to beyon…
Highland-Crow plans dewatering program At Pickle Crow
A decison to dewater the No 1 shaft at the former producing Pickle Crow mine near here is expected to be made by the end of the month, officials of Highland-Crow Resources have told The Northern Miner…