Correction (December 16, 2002)
A recent insider trading report should have stated that Michael Terrel, director of St. Jude Resources (SJD-V), bought 23,000 shares directly at 65-80 apiece and 525,145 shares indirectly and private…
2002
Aluminum subdued as tin trends upward
The following was culled from Barclays Capital’s monthly report The Commodity Refiner:AluminumThree-month aluminum prices managed to trade 4.2% higher during October and another 3% firmer by mid-Novem…
GoldOre nabs La Plata (December 16, 2002)
Vancouver-based GoldOre Resources (GOZ-V) has purchased the La Plata copper property, near Durango, Colo., in exchange for shares and the assumption of US$35,000 of debt.La Plata overlies a porphyry s…
El Limon takes shape for Miranda (December 16, 2002)
Vancouver — Drill results reported by Teck Cominco (TEK-T) and Miranda Mining (MRM-V) confirm that mineralization extends north of the El Limon gold prospect on the Morelos Norte project in Mexico’s …
Wayside defines Cariboo
Vancouver — International Wayside Gold Mines (IWA-V) is adding the Bonanza Ledge and BC vein deposits to its mine plan for the Cariboo project in the Barkerville area of central British Columbia.Bona…
Opawica tests Straw Lake
Opawica Explorations (OPW-T) has raised sufficient funds to begin a preliminary exploration program at the Straw Lake gold property in northwestern Ontario.Opawica can earn 100% interests in five clai…
Pasminco eyes mine closures
Vancouver — Having failed to sell its Gordonsville and Clinch Valley lead-zinc mines, Australian-based Pasminco is closing both.Situated in Tennessee, the mines are low-grade operations that have not…
New silver coin law in US
President George W. Bush has signed legislation that creates a new market for domestic silver in government-minted coins.The silver, which will be bought by the U.S. Treasury on the open market, will …
NovaGold beefs up Donlin Creek
Vancouver — An updated resource estimate for the Donlin Creek gold deposit in Alaska has added 4 million oz., most of which are in the Akivik, 400 and Aurora target areas.The new estimate shows nearl…
Slow progress at Noranda’s magnesium plant
Already well behind schedule, Noranda has again postponed startup at its Magnola magnesium plant, near Asbestos in Quebec’s Eastern townships.Commercial production is now expected to commence in the f…
Group seeks to mark Ottawa’s geological sites
Looking to develop public awareness of earth sciences, a group of 25 geoscientists, including three past directors of the Geological Survey of Canada, has started a project to catalogue and preserve i…
BC Government approves Tulsequah
Vancouver — Redcorp Ventures (RDV-V) reports that the Province of British Columbia has granted it’s wholly owned s…