Phelps Dodge outlines deposit
Phelps Dodge (PD-N) has outlined a copper-gold deposit at its 50%-held Sossego project in northern Brazil.Some 120 drillholes point to a resource of 219 million tonnes grading 1.14% copper and 0.34 gr…
2000
Exchange Rates (March 05, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 29Feb. 28Feb. 25Feb. 24Feb. 23…
Teck drilling at Loubel’s Lemoine property in Quebec
Following up on last year’s grassroots work, Teck (TEK-T) has begun a drilling campaign at Loubel Exploration’s (LBX-M) Lemoine polymetallic property, 24 km southeast of Chibougamau, Que.The property …
Venture Exchange buoyed by strong high-tech sector
Canada’s junior stock market blew past the 3,800-point level for the first time, helped by a strong technology index. The Canadian Venture Exchange tacked on 260.35 points, or 7.3%, during the report …
Placer Dome posts positive results for 1999
Despite incurring US$95 million in merger and write-down costs, Placer Dome (PDG-T) managed to turn a healthy profit in 1999.North America’s third-largest gold mining company earned US$35 million, (or…
Mindoro to explore core projects
Having closed a $350,000 financing and with another $1-million effort in progress, Mindoro Resources (MIO-V) is gearing up to explore three core mineral projects in the Philippines and one core projec…
Newmex Minerals acquires Borealis gold-silver property
Calgary-based Newmex Minerals (NMM-V) has acquired an option to earn a 32% interest in the Borealis gold-siler propery in Nevada’s Mineral Cty.Owned 68% by Nevada-based Golden Phoenix Minerals (GPXM-Q…
Fourth quarter pushes Homestake into black
A strong fourth quarter propelled Homestake Mining (HM-N) to profitability in 1999.The company earned US$4 million (or 2 per share) in the quarter, contributing to income of US$4.9 million (2 per sh…
Cassiar completes shipment
Toronto-based Cassiar Mines & Metals (CIR-T) has begun making international deliveries of its first commercially produced chrysotile fibre from the Cassiar plant in northern British Columbia.The compa…
Maude Lake sizes up Comtois
Junior Maude Lake Exploration (MAU-M) has completed its first resource evaluation for the Comtois gold property, 15 km west of Lebel-sur-Quevillon, Que.Indicated resources are pegged at 582,934 tonnes…
CDNX continues to set record highs
Canada’s junior stock market index ignored fears of higher interest rates, posting another record close. The Canadian Venture Exchange gained 204.45 points, or 6.08%, over the week ended Feb. 23 and c…
Glamis posts resource
Based on results from recent exploration drilling, Glamis Gold (GLG-N) has concluded that the existing resource at the Cerro Blanco gold-silver project must be expanded before it can be advanced to th…