News

Lightening acquires N.W.T. gold bet from Terra Mines

Lightning Minerals has received regulatory approval for an agreement to buy Terra Mines’ gold property 45 miles northeast of Yellowknife, N.W.T. Gold on the property occurs in a number of steeply dipp…


Pan East negotiating flow-through deal

Pan East Resources reports it is negotiating for flow-through funds t o carry out a 2-phase exploration program on its Nova Scotia gold prospect at Fifteen Mile Stream. The first phase would cost $350…


Cumberland starts follwo up drilling

A second-phase drill program, totalling 6,000 ft, is under way on Cumberland Resources’ Evans Lake property in northwestern Ontario. The program will follow up drilling completed last summer which i…


Cons Professor starting final push at Shoal Lake

Field crews have been mobilized and dewatering of the Shoal Lake mine workings is expected to start within a week, G. R. Cunningham- Dunlop, president of Consolidated Professor Mines, told a special m…





Gold producers establish international association

Gold producers from seven countries have decided to form a new trade association dedicated to the promotion of the uses of gold. The new organization is negotiating to acquire the resources — includi…


Cyanide technology could save gold miners thousands

Three major gold producers, Lac Minerals, Campbell Red Lake Mines and Dickenson Mines may soon become the first gold miners to take advantage of a revolutionary piece of cost-saving technology develop…


Barrick issues bond

American Barrick Resources’ wholly-owned, indirect subsidiary Barrick Resources (USA), has issued a gold-linked Eurobond, guaranteed by American Barrick, to raise $50 million (US). The notes mature Oc…




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