Crucitas rights confirmed
Vannessa Ventures (VVV-V) has confirmed that the government of Costa Rica will honour the company’s existing rights to the Crucitas gold project.A decree by newly elected President Abel Pacheco bannin…
2002
Tri Origin, Triako team up
An initial round of drilling by Australian-based Triako Resources has returned encouraging gold-silver intersections from the Overflow property of Tri Origin Exploration (TOE-V).The property, which li…
LME Warehouse Levels (June 24, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 18 (change from June 11 in brackets):MetalStock (tonnes)ChangeAluminium1205750(+…
TSE Short Positions (June 24, 2002)
Short positions outstanding at June 15, 2002Larger individual positions includeAgnico-Eagle 5,064,777 up 110,343; Alcan 1,488,270 up 517,286; Algoma Steel 160,000 down 181,000; A…
PEOPLE (June 24, 2002)
Aurado — Roland Khalife, Raja Shaffu and Elie Soueiden appointed directors; David Robinson appointed CEO, Ian Baron appointed COO; Kamal Tamraz appointed CFO.Aurora — Daniel Innes appointed presiden…
Exchange Rates (June 24, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 18June 17June 14June 13June 12US$ in C$1.54411.54731.55001.5…
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…
Big plans for Peruvian placers
Mineral exploration companies like to get noticed. But a new venture operating out of Las Vegas and largely controlled by southern Ontario interests has gone one better on the usual junior promotion g…
El Sauzal proves bankable
Vancouver — With the US$121-million takeover of Francisco Gold (FGX-V) under way, Reno-based Glamis Gold (GLG-T) is wasting no time advancing the El Sauzal property in Mexico.In mid-June, Francisco s…
Redcorp anticipates green light for Tulsequah Chief
British Columbia’s beleaguered mining industry has had little to cheer about for much of the past decade as exploration dollars dried up and headed south. Advanced-stage development projects have been…
Anglo find propels Aussie explorers
Vancouver — With delineation drilling on the Boyongan prospect outlining what appears to be one of the highest-grade copper-gold porphyry discoveries in recent memory, Australian-listed Greenstone Re…
BM Diamondcorp targets Indonesian alluvials
Seeking success where others have failed, Toronto-based junior BM Diamondcorp (BDI-V) intends to resume mining at the Cempaka alluvial diamond project in Indonesia.Comprising 39 sq. km, the property i…