2001

Rio Algom aligns exploration strategy with Billiton

London-listed Billiton has merged the exploration activities of wholly owned subsidiary Rio Algom with its own geographically diverse exploration and development division.Projects in the Americas will…


Tres-Or adds diamond play

Vancouver-based Tres-Or Resources (TRS-V) has joined the Ontario diamond hunt.The junior recently acquired 783 claim units south of Temagami and east of Marten River, at the southern end of the Lake T…


A drill rig at Starfields' Ferguson Lake project.

Starfield expands resource at Ferguson Lake

Vancouver — Following two years of exploration, Starfield Resources (SRU-V) has more than doubled the known resource at the Ferguson Lake project, near Rankin Inlet in southern Nunavut.The deposit ha…


Tenke Mining fires up second rig at Vicuna

Vancouver — Junior Tenke Mining (TNK-T) has added a second drill rig to its 23-hole program on the Vicuna gold project, in northwestern Argentina.The reverse-circulation work is testing five targets:…


Junior busy in Nevada

Having ended a two-and-a-half-year venture arrangement Kennecott Exploration, junior Nevada Pacific Gold (NPG-V) is raising $300,000 to continue exploring for gold in Nevada.The non-brokered private p…


Namco sinking into deep red sea

Cash-strapped Namibian Minerals (NMR-T) has placed its South African and Namibian subsidiaries into provisional liquidation, putting a halt to its marine diamond production.Courts in both countries ha…


Hudbay captures Bill Dennis Award

An exploration team from Hudson Bay Exploration & Development, has captured the Prospectors and Developers Association of Canada’s (PDAC’s) 2001 Bill Dennis prospector of the year Award.The team, cons…


Higher prices strengthen SPC

Denver — Higher copper prices and cost-cutting measures contributed to improved earnings for Southern Peru Copper (PCU-N) in the fourth quarter.The company posted net earnings of US$30.6 million (or …


Juniors comb Superior Craton for gems

Partners Navigator Exploration (NVR-V) and Canabrava Diamond (CNB-V) have so far drill-tested five geophysical anomalies on the Kat project in the Attawapiskat region of northern Ontario.One of these,…


Vaaldiam raises Boungou funds

To advance the Boungou alluvial diamond property, Vaaldiam Resources (VRL-V) has closed a financing and marketing agreement with N. Aftergut & Zonen (A&Z) of Antwerp, Belgium.Situated in the Central A…


Stillwater lands financing

Denver — Stillwater Mining (SWC-X) has arranged a US$250-million credit facility, underwritten by TD Securities and Toronto Dominion. Other participants include N.M. Rothschild & Sons and Westdeutsch…


Gold’s rise jolts miners to life

Denver — The Dow Jones industrial average fell 94 points, or 0.9%, for the report period ended Feb. 27 to close at 10,636.88, while the Nasdaq plunged 4.8% to 2,207.82, its lowest point in two years….


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