Lakota finds partner for Tanzanian property
Toronto-based Lakota Resources (LAK-V) has taken on a local partner to help it advance the Ikungu gold project in the prolific Lake Victoria district of Tanzania.The company recently signed an option/…
News
Porcupine JV to reactivate Pamour
The Porcupine Joint Venture plans to start up a large open-pit mine on the Pamour property, 15 km east of Timmins, Ont., to replace production from its Dome open pit and underground operations.Placer …
Correction (March 15, 2004)
The article “Pimenton drilling under way” (T.N.M., Feb. 27/04) said previous work at the Chilean property, held by South American Gold & Copper (SAG-T), had outlined a proven and probable reserve of 6…
Placer hits new zone at East Bay in Red Lake
Drilling by Placer Dome (PDG-T) has intersected a new zone and expanded known zones of gold mineralization at the East Bay property in Ontario’s Red Lake camp.Ownership of the project is shared equall…
Cusac aims to revive Table Mountain
A proposed $3-million financing sets the stage for Cusac Mining (CQC-T) to place its wholly owned Table Mountain gold mine into production later this year. The former producer is near Cassiar in north…
Solomon eyes Metla property
Subject to due diligence and regulatory approvals, Solomon Resources (SRB-V) has agreed to option the Metla polymetallic project, 150 km west of Dease Lake in northwestern British Columbia.The acquisi…
Anvil keeps its promise in DRC
Kilwa, Democratic Republic of Congo — Green countryside, neatly thatched African huts, and the tranquil vastness of Lake Mweru converge in this sleepy town in the southwestern DRC. As our charter fli…
Claude buoyed by gold and gas (March 15, 2004)
Stronger gold and natural gas prices helped Saskatoon-based Claude Resources (CRJ-T) cruise to a profit in 2003.For the year, Claude earned $1.9 million (4 per share) on gold revenue of $25.8 million…
Editorial Cartoon (March 15, 2004)
Suppliers Roundup (March 15, 2004)
GLR picks Gekko at GoldfieldsGLR Resources has ordered a 2,000-ton-per-day Gekko Systems modular gravity concentrator for its Goldfields gold project, 15 km south of Uranium City in northern Saskatche…
Gold heads for fresh peak in first half
The rally in gold has become increasingly fuelled by the depreciating U.S. dollar, or, more accurately, is following the trend in the euro. However, it is important to note that this relationship is m…
Canyon posts loss for 2003
Colorado-based Canyon Resources (CAU-A) posted a net loss of US$10 million on revenue of US$13 million for 2003, based on sales of 37,506 oz. gold and 13,943 oz. silver from the Briggs mine in Califor…