Bendigo eyes Victorian revival
Bendigo, Australia — Bendigo Mining is looking to extract up to 25 million oz. gold from the historic goldfield after which it is named, here in central Victoria state.Making a bit of history itself,…
News
Microbes and mining
Noise is anathema to the modern mining industry, as it generally means wasted energy. In looking for better, less-loud ways of winning metals, the industry is increasingly turning to techniques that i…
The Northern Miner Indices (August 25, 2003)
North American Mining: 87.59 (+4.16)Small Producers: 88.78 (+2.42)(Sept. 30/98 = 100)…
SpectrumGold picks up Galore Creek
Vancouver — SpectrumGold has inked a deal with mining giants Rio Tinto (RTP-N) and Anglo American (AAUK-Q) to buy the Galore Creek gold-silver-copper deposit in northwestern British Columbia.
Gravity survey confirms target at Navidad (August 25, 2003)
Vancouver — The results of gravity and magnetic ground geophysical surveys have enhanced the potential for finding significant sulphide mineralization on the Navidad polymetallic project in Argentina…
Mag cuts narrow vein at depth (August 25, 2003)
Vancouver — Initial results from an ongoing, 3,500-metre drill program indicate narrow intervals of high-grade silver-gold values between 400 and 500 metres below surface on the Juanicipio claims in …
Claude squeaks by in second quarter
Higher headgrades and stronger gold prices enabled Claude Resources (CRJ-T) to offset the weaker U.S. dollar and record a small profit for the 3-month period ended June 30.Net earnings totalled $107,0…
Yamana expands in Brazil
Spokane-based Yamana Resources (YRI-T) has paid US$20.9 million for the Fazenda Brasileiro gold mine in northeastern Brazil. The vendor is Companhia Vale do Rio Doce (RIO-N).The funds were made possib…
De Beers nabs diamond thieves
An ongoing investigation east of Pretoria, South Africa, has led to 20 arrests and the recovery of 590 stolen diamonds. Nineteen more people are being held for questioning.De Beers has been working wi…
People (August 25, 2003)
Barker — Trygve Hoy hired as a consultant in the Cariboo mining district of B.C.Barrick Gold — Peter Kinver appointed executive VP of operations.Dumont Nickel — David Constable appoint…
First Point trenches Rio Luna (August 25, 2003)
Preliminary trenching at the Rio Luna gold project in Nicaragua has returned tantalizing results for First Point Minerals (FPX-V).Situated 10 km north of the town of Boaco, the 126-sq.-km property hos…
Gammon Lake raises funds (August 25, 2003)
Gammon Lake Resources (GAM-T) has raised $17.25 million in a private placement, with proceeds earmarked for the Northeast Ocampo gold-silver project in Mexico.The Dartmouth, N.S.-based company issued …