Around the North

The entrepreneurial path to financing heaven is paved with a heaping shovel of abuse. CBC's Dragon Den is holding auditions in Sault Ste. Marie for entrepreneurs with a hot business concept.

A pair of drill holes recently completed on Explor Resources' PG 101 property, located 45 kilometres northeast of Kirkland Lake, has turned up golden results.

The results of on an economic forum hosted at Hearst University on Feb. 28. by the Hearst Economic Development Corporation are being folded into a larger plan to reinvigorate the town.

Toronto-based Newlook Industries Corp. has entered into a letter of intent to acquire 90 per cent of Sunbay Energy North Corp., the project developer of a biomass renewable energy project in Chapleau.

New results have rolled in from Armistice Resources' in-fill definition drilling program, recently completed on the 2250 Level at its McGarry Gold Project located 40 kilometres east of Kirkland Lake.

Tembec is cutting back production at its Kapuskasing sawmill, newsprint and forestry operations and will temporarily lay off 510 employees.

Losses and write-downs continue to mount for Canadian forest products companies during the fourth quarter last year, according to a report by PricewaterhouseCoopers.

Canadian Manufacturers and Exporters president Jayson Myers will discuss the future of Ontario manufacturing in a video-streamed presentation March 27 in Sudbury.

Prospectors and junior mining execs working across the North will meet in Thunder Bay in early April for the annual Northwestern Ontario Mines and Minerals Symposium.

Lake Shore Gold Corp. has reported financial and operating results for 2008 and key projects for 2009.