Copper exploration heats up in BC
Vancouver — Reminiscent of the 1970s, copper exploration has once again taken centre-stage in the hunt for metals in British Columbia.Sparking the revival are higher prices and a new discovery made b…
Anglo American plc
Correction (November 24, 2003)
In our Oct. 17 issue, we incorrectly stated that Canico Resource (CNI-T) would carry out matte smelting at its Ona-Puma nickel-laterite project in Brazil.Canico is considering both ferronickel and ma…
SpectrumGold looks to Galore Creek
Vancouver — The first four holes of a recently completed 3,000-metre drill program on the historic Galore Creek copper gold property in northwestern British Columbia have given a boost to newly minte…
Big miners make big gains
It was a generally good trading period in the U.S. equity markets, with the major indices up modestly but the mining stocks generally strong. The Dow Jones Industrial Average picked up 90.52 points to…
South Atlantic eyes Swedish IOCG
A new copper-gold discovery has prompted South Atlantic Ventures (SAA-V) to increase the size of its exploration portfolio in Sweden’s Kiruna mining district.The Kiruna region is famous for the huge a…
Anglo, Philex hit second porphyry
Vancouver — Perseverance and a good-sized exploration budget have enabled partners Anglo American (AAUK-Q) and Philex Gold (PGI-V) to find a second mineralized copper-gold porphyry body near the high…
Knight, Anglo report high grades in Ungava
The Raglan area in the Ungava Peninsula region of northern Quebec is emerging as a highly prospective nickel camp in light of discoveries by Canadian Royalties (CZZ-V) and, more recently, Anglo Americ…
AngloGold boosts Ashanti bid (October 27, 2003)
AngloGold (AU-N) has bumped its all-share offer for Ghanaian-based Ashanti Goldfields (ASL-N) by 11.5%.The world’s third-largest gold producer is now offering 0.29 of an AngloGold share for each share…
Anglo bets on zinc
During the report period ended Sept. 30, Anglo American completed its purchase from Toronto-listed junior Ivernia West of the 50% interest it didn’t already own in the underground Lisheen zinc mine in…
Far West banks on Chilean results
Proceeds from a private placement are enabling Far West Mining (FWM-V) to resume its search for iron-oxide copper-gold deposits in the prospective Candelaria belt of northern Chile.In late July, Far W…
US gold producers hit
A sharp drop in gold prices dragged most southern producers to lower levels during the report period ended Sept. 16.Newmont Mining, the world’s largest producer of the yellow metal, lost US0.74, or 1…
West Raglan yields good nickel grades (September 15, 2003)
Vancouver — The promise of additional nickel-copper discoveries in the Raglan belt has turned into a reality with partners Knight Resources (KNP-V) and Anglo American (AAUK-Q) tallying encouraging dr…