$2.5m. in flow-through for Houston Metals bet
A $1-million exploration program is under way at the old Silver Queen Mine near Houston, B.C. The property falls under a joint venture agreement between Houston Metals and New Nadina Explorations. Reh…
News
Exploration progresses on Terramar’s Reid mine
The first phase of exploration at the Reid Mine project near Redding, Calif., has been completed by Terramar Resource Corp. The underground workings at this former producing gold mine have been dewate…
Proteus acquires interest from Kerr
Vancouver-listed Proteus Resources has concluded an option agreement with Kerr Addison Gold Mines to purchase Kerr’s 50% interest in an 88-claim gold property in Garrison and Thackeray twps., Ont. for…
Muscocho encouraged at Magnacon project
Exploration drifting underground at the Magnacon joint venture in the Mishibishu Lake area of northern Ontario is continuing to turn up gold values on the 300-ft level. In the joint venture, Muscocho …
Pathfinder withdraws from Pine Tree bet
Goldenbell Resources says that Pathfinder Gold of San Francisco has elected not to participate in further development of the Pine Tree gold project. The option agreement expired on Jan 30 and both com…
Beaver Dam mine will be very profitable, study says
If knowing exactly what the challenges will be to make a mining venture a profitable one is half the battle, then managers and shareholders of Seabright Resources Inc. are half way to bringing Nova Sc…
Reserves calculated at Augmitto play
A preliminary reserve calculation for the Parbec property concludes that the ground has possible drill- indicated reserves of 600,000 tons grading 0.19 oz gold per ton. The zone’s average width is 6.2…
Treminco finds visible gold at N.W.T. bet
Visible gold has been noted in drill core from Treminco Resources’ Gab property in the Northwest Territories. The company recently completed a 2,500-ft drill program in the A zone which followed a gen…
Zahavy, Getty start $7.8 million program
A $7.8 million 2-phase exploration program has started on Zahavy Mines’ and Getty Resources’ Favourable Lake gold property north of Red Lake, Ont. The work will include surface exploration of nine vei…
Dome completes Melrose drilling
Dome Mines has completed a 21,444-ft diamond drilling program on a claim group held by Melrose Resources in Blackstock Twp., Ont. Located 30 miles southeast of Timmins, the claims cover ground on whic…
Interquest/Stan West drilling in Arizona
A 10,000-ft diamond drill program is under way on the Belcher property in the Big Bug mining district of Arizona by Interquest Resources and Stan West Mining Corp. So far, 10 diamond drill holes have …
Early decision on Ketza imperative for Canamax
The feasibility study on the Ketza River gold project just south of Ross River in the Yukon should be ready by the end of this month, John Hansuld, president of Canamax Resources, tells The Northern M…