Expatriate exits Fox River (February 11, 2002)
Vancouver –The Hunter-Dickinson group ends up with a 15.7% stake in cash-strapped Expatriate Resources (EXR-V) following the junior’s withdrawal from a $2.5-million deal to pick up a 12% stake in the…
2002
Ontario exploration intensifies
Ontario exploration and deposit appraisal expenditures for 2001 are expected to continue the ascent started in 2000.Spending is expected to climb to $99 million in 2001, an increase of 10%. The upward…
John McCombe
Veteran geological engineer John McCombe, well known for his involvement in the aggregate industry and in open-pit mining, has died.McCombe, who graduated with a bachelor of science degree in geologic…
CIM looks for comments on practice guidelines
The Estimation Guidelines Committee of the Canadian Institute of Mining, Metallurgy and Petroleum has completed its draft guidelines covering proposed “best practices” for estimating mineral resources…
Ekati diamond raffle will benefit children’s hospital
Vancouver — A diamond from the Ekati mine in the Northwest Territories will be raffled to raise money for Vancouver’s British Columbia Children’s Hospital.The raffle is part of the Mining for Miracle…
Canabrava to raise $1.2m
In the midst of diamond exploration in northern Ontario and the Mistassini area of north-central Quebec, Canabrava Diamond (CNB-V) intends to raise up to $1.2 million by selling up to 3 million units …
Exchange Rates (February 11, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 5Feb. 4Feb. 1Jan. 31Jan. 30US$ in C$1.59781.59151.5907…
Seabridge nabs Red Mountain project
Vancouver — In keeping with its strategy of acquiring advanced gold projects, Seabridge Resources (SEA-V) has inked a deal with North American Metals (NAM-V) to pick up the Red Mountain project in no…
Trading Summary (February 08, 2002)
All but two of the Toronto Stock Exchange’s fourteen subindices ended the week with a mini recovery on Friday. The…
Homestake to appeal Troilus judgment
Barrick Gold (ABX-T) will appeal an $88-million judgment against subsidiary Homestake Mining over the cancelled pur…
Talks aimed at nuptials in Nunavut
Partnered at the Hope Bay Gold project in Nunavut since late 1999, Miramar Mining (MAE-T) and Hope Bay Gold have be…
Ashton finds more diamonds in Artemisia (February 08, 2002)
Vancouver — The results from a 1,157-kg sample has prompted partners Ashton Mining of Canada (ACA-T) and Pure Gold…