Major Drilling in Mongolia
Major Drilling’s Australian division, Major Pontil, will provide services to Ivanhoe Mines’ Turquoise Hill gold-copper discovery in southern Mongolia.The job will require at least seven rigs and calls…
Turquoise Hill Resources Ltd
Eunsan attains commercial status
Five months after pouring the first dore bar, Ivanhoe Mines (IVN-T) has declared its Eunsan gold-silver mine in South Korea a commercial success.Since March, the mine has produced 2,300 oz. gold and 1…
Golds bounce back, market looks slack
Despite some hundred-point days, the Toronto Stock Exchange moved sideways during the report period July 31-Aug. 6, with the TSX Composite index closing at 6,519.16, up a meagre 7.98 points over the f…
Pacific Minerals confirms grades (August 05, 2002)
Vancouver — The first nine holes of a planned 2,500-metre underground drill program on the JBS platinum-palladium-nickel-copper deposit in southwestern China have returned high-grade values for opera…
Turquoise Hill grows
Vancouver — Ongoing drilling by Ivanhoe Mines (IVN-T) at the Turquoise Hill and Kharmagtai projects in Mongolia has expanded gold and copper mineralization.Results from Turquoise Hill indicate that t…
Pacific Minerals drill-tests 217 Gold project
Pacific Minerals (PMZ-V) will oversee a 5,000-metre program of diamond drilling on the 217 Gold project in Inner Mongolia.Crews will test the main Northeast Gold zone, which is 1,600 metres long and u…
Ivanhoe confirms Kharmagtai’s potential
Preliminary drilling by Ivanhoe Mines (IVN-T) has confirmed the discovery of a copper-gold porphyry system in Mongolia’s South Gobi region.Known as Kharmagtai, the system was first outlined by Mongoli…
TSX Venture exchange slumps with gold
Vancouver — Canada’s junior exchange followed the gold price down over the holiday-shortened week ended July 2. The Standard & Poor’s-TSX Venture composite index lost 32.45 points, or 2.7%, to close …
Northern Miner Indices (July 01, 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…
Red Lake gold plays attract interest
Vancouver — Despite a strong showing in gold-related stocks, Canada’s junior exchange drifted lower over the report period ended June 25. The Canadian Venture Exchange composite index dropped 7.21 po…
Turquoise Hill rights expire for BHP Billiton
BHP Billiton’s (BHP-N) back-in rights for a 40% stake in Ivanhoe Mines’ (IVN-T) Turquoise Hill project in southern Mongolia have expired.The rights would have become exercisable had BHP identified a p…
Northern Miner Indices (June 17, 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…