PEA is out on US Gold’s El Gallo silver project
Rob McEwen’s goal of having US Gold (UXG-T, UXG-N) included in the S&P 500 index within four years may seem like a tall order to some, but the industry veteran may just be able to pull it off.
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Rio bids A$3.9B for Riversdale
Rio Tinto (rio-n, rio-l) wants more coal: the major has offered A$3.9 billion for Riversdale Mining (riv-a), an Australian coal company with one mine in operation, one in construction, and one primed for development. Speculation of a takeover…
Troymin, Tricentrol enter agreement
An agreement has been reached between Alberta-listed Troymin Resources and Tricentrol Oils, both of Calgary, to purchase an approximate 9.5% working interest in a gold deposit in the Chibougamau area …
Vancouver Stock Exchange Gold holds on to its recent gains
Wednesday close, August 27 Prices on Vancouver have firmed somewhat which is not surprising given the fact gold has managed to hold onto some of its recent gains. The Vancouver market is heavily biase…
Queries Terramar still active at Reid mine project
Like many people, I purchased the shares of Terramar Resources after the terrific gold find in California. Your paper reported the very high assays and I would like to know the present standing of thi…
Madeleine
Madeleine Mines now has three diamond drills at work on its optioned Lac des Iles platinum-paladium project, and is looking for three more. Located 40 miles north of Thunder Bay in northwestern Ontari…
$5m. financing plans in place Westfield keen on exploration
Financing arrangements designed to raise in excess of $5 million have been put in place, reports Westfield Minerals’ President Patrick J. Hughes. The financing includes a private placement of two mill…
Canico launches major drilling on Vior bet
Canadian Nickel Co. (Canico), the exploration arm of Inco Ltd. has started a 55,000-ft diamond drill program on the Douay Twp. property of Vior Inc., in Quebec’s Casa Berardi area. Vior holds the prop…
Cigar Lake going underground
Cigar Lake, the world’s richest uranium deposit, well is on its way to becoming the world’s largest and richest uranium mine, after the announcement that a $50-million underground exploration and test…
Syngold completes sale of shares
Syngold Exploration has completed the sale of 1.1 million common shares at a price of 80 cents per share and of $2.5 million of deposit receipts. Purchasers of the deposit receipts will earn one comm…
Financing heats up action on Professor’s Duport bet
With new financing in hand to the tune of a minimum $4.5 million, Consolidated Professor Mines plans an accelerated exploration and development program at its Duport gold property at Shoal Lake, near …
Royex Gold/Int’l Corona may be operators at Jolu
If current negotiations are successful, Royex Gold Mining Corp. and International Corona will be appointed the operators of the Jolu property in the La Ronge gold belt of northern Saskatchewan. The ne…