Northern Crown eyes Abitibi (April 08, 2002)
Vancouver — Northern Crown Mines (CXP-V) has inked a deal with Teck Cominco (TEK-T) to earn an 80% stake in the Amos gold-base metal property in Quebec’s Abitibi greenstone belt.Situated 70 km north …
News
Olympus eyes gold-bearing skarn (April 08, 2002)
Vancouver — With the price of gold moving higher, the timing could not be better for Olympus Pacific Minerals (OYM-V) to start drilling a high-grade skarn target on its Phuoc Son property in central …
Summo tables restructuring plan (April 08, 2002)
Facing a cash crunch and a US$136-million price tag to advance its Terrazas copper-zinc project in Mexico, Summo Minerals (SMA-T) intends to settle all its outstanding debt and restructure its share c…
Rubicon, Golden Tag find VG at Red Lake
Drilling at the McCuaig project, in the Red Lake gold district of northwestern Ontario, is providing Rubicon Minerals (RMX-V) and Golden Tag Resources (GOG-V) with a bigger target to explore.The partn…
PEOPLE (April 08, 2002)
Asia Pacific — John Bovard appointed CEO.Barker — Christopher Wild appointed exploration manager.Diamonds North — Mark Kolebaba appointed president.Dynatec — Bru…
Hecla gets lease at El Callao Block B
Already active in eastern Venezuela, Hecla Mining (HL-M) has received notice from Venezuelan state enterprise Corporacion Venezolana de Guayana (CVG) that it has been awarded an 18-sq.-km lease in the…
SouthernEra, partners test ATW Mackay Lake
A drilling program at the ATW Mackay Lake diamond property, south of Lac de Gras in the Northwest Territories, is testing three geophysical targets. The effort is designed to locate the source of a pr…
Black Swan, Canadian Zinc execs tap treasuries
Recent insider trading transactions reported by the Ontario Securities Commission include the following:- Black Swan Resources (BSW-T) — Stephen Fabian, director, sold 268,884 shares privately and in…
Namibian still faced with difficulties
Last year saw Namibian Minerals (NMR-T) chalk up heavy losses as it struggled to remain afloat.In early 2001, the marine diamond miner was forced into provisional liquidation after its NamSSol seafloo…
Monument Bay yields high grades
The first hole reported from an ongoing drill program at Monument Bay, Man., assayed nearly an ounce of gold over 2.35 metres. The project is shared between Wolfden Resources (YWO-V) and Bema Gold (BG…
BHP Billiton gives MAC the nod (April 08, 2002)
BHP Billiton (BHP-N) has approved a US$564-million plan to develop an iron ore mine at its 85%-owned Mining Area C and expand its Port Hedland port-rail facilities. Both sites are in Western Australia…
Northern Miner Indices (April 08, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)BarrickABX-T21.9%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport BFCX.B-N5.7%GoldcorpG-T3.2%IncoN-T7.9%Meridian GoldMNG-T2.5%Newmont Minin…