Geomaque ups Marathon
Drilling and core sampling by Geomaque Explorations (GEO-T) has upped the resource estimate at the Marathon palladium project in Ontario’s Hemlo camp.The total measured and indicated resource now stan…
Defiance Mining Corporation
Geomaque creditors take shares in lieu of cash
The financial restructuring of junior gold producer Geomaque Explorations (GEO-T) made significant progress as three trade creditors agreed to take shares in payment of debts.Geomaque’s principal lend…
Geomaque hangs tough at Vueltas del Rio
Although a year behind schedule, Geomaque Exploration (GEO-T) expects to achieve design capacity at its Vueltas del Rio mine by the first quarter of 2002.Situated in Honduras, Vueltas del Rio is one o…
Geomaque struggles during transition
Geomaque Explorations (GEO-T) slipped into the red during the second quarter as gold production neared its end at the San Francisco mine in Mexico.The Toronto-based junior posted a net loss of US$1.2 …
Rate cuts power Toronto rise
Strong gains among the interest-sensitive sectors helped move the Toronto Stock Exchange up over the period Aug. 22-28. The Bank of Canada took advantage of recent easing by the Federal Reserve Bank t…
Geomaque chalks up quarterly loss
Lower realized prices and production translated into a first-quarter loss for Geomaque Explorations (GEO-T).Losses in the period totalled US$1.1 million (or 2 per share) on revenue of US$2 million, c…
Drilling buoys Geomaque
The final three holes of a 15-hole drill program are keeping Geomaque (GEO-T) optimistic at its Marathon palladium project in northern Ontario.The Toronto-based junior sank 3,000 metres to delineate a…
Writedowns cut into Geomaque’s year
Non-cash writedowns forced Geomaque Explorations (GEO-T) to post a loss of US$13.6 million (or US25 per share) for 2000.The writedowns resulted from reductions in the carrying value of the Vueltas de…
Vueltas del Rio pours first gold
Denver — Geomaque Explorations (GEO-T) has poured its first gold bar at the Vueltas del Rio mine in Honduras. Since mining began in December 2000, the company found fewer tonnes at higher grades in t…
PGM search intensifies in Ontario
An increasing interest from the majors and an ongoing price rally are adding momentum to the search for platinum and palladium deposits in northern Ontario. At last count, more than a dozen companies …
Apex Silver among juniors active in Central America
Denver — After being pushed out of the region by Hurricane Mitch in 1998, Apex Silver Mines (SIL-X) has returned to Central America for another joint-venture opportunity.The Denver-based company, who…
Geomaque drills Marathon project
Geomaque Explorations (GEO-T) is gearing up to drill the Marathon palladium deposit in northern Ontario.The 3,000-metre program will expand on drilling by previous owners. Based on that earlier work, …