The totally leveraged purchase by Equinox Resources of a 23.6% interest in Cominco’s Buckhorn mine property in Nevada has proven to be an astute move. Purchased for $1.7 million(US) the property is ex…
Cambior has taken an option on Ressources Maufort’s Siscoe property in northwestern Quebec’s Val d’Or area. Cambior, which will act as operator on the project, can earn a 50% interest by completing tw…
Drilling on its Beaverdam property may be the reason behind the recent market activity in Alberta- listed Coxheath Gold Holdings Co. President Michael Riddell says gold-bearing zones have been interse…
Samples taken from the nickel- copper Nickel Offsets property by United Reef Petroleum are yielding platinum group metal (pgm) values as well as gold values. Among the samples taken from the mine dump…
Consulting geologist Peter M. Dimmell, president of the New Brunswic k Prospectors and Developers Association, is disappointed with the current state of minerals exploration in that province. “If it w…
Two new gold zones have been encountered by Storimin Exploration on its joint venture with Tandem Resources at Moss Lake, 70 miles west of Thunder Bay in northwestern Ontario. Thirty holes totalling 1…
A stock dividend has been declared by the board of directors of SherrGold Inc. Equivalent to 10.5 cents per share, the dividend will be payable on common shares of SherrGold based on a price per shar…
Overburden drilling funded by Vior Inc. on a property held jointly by Inco Ltd., the operator, and Cambior in northwestern Quebec’s Douay Twp., indicated three areas of anomalous heavy mineral concent…
A total of 36 reverse circulation drill holes has been completed by Sudbury Contact Mines in the Kirkland-Larder Lake area of Ontario. The program was to locate anomalous gold areas and define targets…
Nexus Resource Corp. has been granted an option by Westmin Resources to earn a 50% interest in its Debbie property located six miles east of Port Alberni on Vancouver Island. The property, which consi…
Construction of a mobile biotankleach demonstration plant has been approved by the board of Giant Bay Resources. The company says advanced negotiations are under way with several mining companies whic…
With a profit boost of 44%, Teck Corp. has emerged from the year ending Sept 30 with a net income of $23.3 million or 42 cents per share. However, with extraordinary items net income increases to $24…
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