News

Miners a haven in weak market

U.S. stock markets turned downward in the report period Sept. 22-28 amid generally gloomy news on consumer spending and durable goods orders, and on a further decline in leading economic indicators. The Dow Jones Industrial Average was off 1.6% at…




The dormant Summit Lake gold mine (lower right), in the Stewart area of northwestern British Columbia.

Gold explorers scour historic BC camp

Vancouver — Undergound drilling by Tenajon Resources (TJS-V) on the Summit Lake gold project is one of many exploration programs under way in the rugged Stewart area of northwestern British Columbia.


Copper bugs in Chile

Corporacion Nacional del Cobre de Chile (Codelco), the state-owned king of copper producers, could be the first major mining company to build an industrial-scale copper plant that employs heat-loving bacteria as processing agents.


Metanor buys Bachelor Lake mine

For $2.3 million in cash, Montreal-based junior Metanor Resources (MTO-V) has bought a 100% interest in the formerly producing Bachelor Lake gold mine in Quebec from miner Campbell Resources (CCH-T).


Knight translates knowledge into honour

Renowned German geologist Hans Cloos once wrote that his ilk translate the Earth’s language into their own through trained senses and disciplined thinking. Ian Knight, a geologist with the Newfoundland and Labrador Geological Survey (NLGS), is one…


Goldcorp explores Ardeen

Goldcorp (g-t) has begun data compilation and surface sampling at Pele Mountain Resources‘ (gem-v) wholly owned Ardeen high-grade gold project, 110 km west of Thunder Bay, Ont.


Higher gold price sparks trading

The report period Sept. 22-28 saw the price of gold rise another US$3.20 to close at US$411.70 per oz. in the afternoon in London. In New York, oil prices rose above US$50 a barrel for the first time. The energy index was up 2% at 188.17 points. T…


US not just idiots

Carolyn Parrish, as an English teacher, describes things as she sees them (re. Idiot’s guide to Parliament, T.N.M., Sept. 3-9/04).



A view of Meridian Gold's flagship El Peon gold-silver mine in Chile, one of the lowest-cost gold mines in the world.

Meridian options Nicaraguan find

Eager to expand its exploration efforts and use the expertise gained from mining low-sulphidation epithermal vein systems in Chile, Meridian Gold (MNG-T) has struck a deal with Radius Gold (RDU-V) to earn a 60…


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