Echo Bay fails TSE 35 test
Shares of Echo Bay Mines (TSE) may be dropped from The Toronto Stock Exchange’s 35 index if the company fails to meet certain criteria by year-end, the exchange reports. The index consists of the 35 m…
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U.S. ROUNDUP — CanTung takes plant writedown
The 56% owned subsidiary of Amax (NYSE), Canada Tungsten Mining (TSE), has announced a writedown of its ammonium paratungstate plant at Fort Madison, Iowa. The long-term leasehold value of the plant h…
INSIDER TRADING — Barrick executive exercises options
Another executive at American Barrick Resources (TSE) has profited on the gold producer’s financial performance. Senior Vice-President Kenneth Thomas more than doubled his money in October when he exe…
U.S. ROUNDUP — Minnova options Blue Dog
A work program operated by Minnova (TSE) is now under way on Gold Canyon Resources’ (VSE) Blue Dog gold project in Washington Cty., Idaho. Minnova recently signed a formal agreement and can earn up to…
NEWS ROUNDUP — Beauchamps plans drilling program
Surface work, including linecutting and trenching has been completed at the Veneuil Twp. gold property in northwestern Quebec, Beauchamps Exploration (VSE) reports. The company says a new zone 1.5 mil…
Mineral industry must be aggressive agenda-setter
Participants at a recent seminar hosted by the Centre for Resource Studies in Toronto were told the Canadian mining industry must become an agenda-setter rather than an agenda item if it wants to main…
Lyndex raises exploration funds
Lyndex Exploration (CDN), which has raised $200,000 via a private placement of 1,000,000 treasury shares on a flow-through basis, is embarking on an exploration program in Ontario’s Timmins Kidd Creek…
NEWS ROUNDUP — Central Crude drills Moss Lake
Drilling by Central Crude (TSE) continues at the Moss Lake gold prospect in northwestern Ontario, Tandem Resources (ME) and Storimin Exploration (ASE) report. Four holes have been completed, with good…
More high-grade copper intersected at Cerattepe
Recent drilling by Cominco Resources International (TSE) intersected exceptional thicknesses of high-grade copper mineralization within the previously defined limits of the Cerattepe copper deposit in…
NEWS ROUNDUP — Freewest discovers copper-bearing float
High-grade copper-bearing float has been uncovered by Freewest Resources (TSE) in the Bathurst mining camp of northern New Brunswick. The company says several sub-angular boulders of chloritic mudston…
Fairfield moves second shipment
A second sale of high-grade ore to Noranda (TSE) was recently announced by Fairfield Minerals (TSE). The 1,500-ton shipment is estimated to contain a minimum of 6,500 oz. gold. The second sale is expe…
U.S. ROUNDUP — Drilling continues at Haile property
Drilling, engineering and environmental studies are continuing at the Haile gold property near Kershaw, S.C., where three rigs are currently operating. The property is under the control of Amax Gold (…