Rubicon plans extensive drilling
Vancouver — Rubicon Minerals (RMX-T) is preparing for an aggressive drill campaign at its projects in Red Lake, Ont., and Newfoundland.The junior has advanced a total of 15 projects to the drill-read…
News
Letter to the editor: Diamond story a ‘story’ indeed
Thanks for the interesting Odds ‘n’ Sods article about the Crater of Diamonds deposit in Arkansas (T.N.M., Dec. 26/03-Jan. 1/04). The idea of turn-of-the-century industrial sabotage by De Beers and Op…
De Beers’ Victor mired in red tape
De Beers is reassessing the proposed development schedule for the advanced-stage Victor diamond project in northern Ontario while it awaits notification from the federal government regarding scoping r…
Metallica nears startup at Cerro San Pedro
In Mexico, Metallica Resources (MR-T) has awarded a US$105-million mining contract at its Cerro San Pedro project, which is expected to pour its first gold by the end of 2004.The proposed heap-leach o…
‘Journey to the heart of hypocrisy’
This letter echoes your commentary titled “Sermon from the height of hypocrisy” (T.N.M., Oct. 10-16/03).I spent Christmas in Toronto, among people with fashionably left-liberal political views. They m…
Severe winter frustrates Queenstake
As it enters its seventh month as owner and operator of the Jerritt Canyon gold mine in northeastern Nevada, Queenstake Resources (QRL-T) says the “unusually early and severe” onset of winter has hamp…
Cdn Zinc raises funds
Vancouver – Canadian Zinc (CZN-T) has increased the company’s capital and issued additional shares in a private placement.Subsequently, Canadian Zinc’s recent private-placement financing of $6 million…
Freeport redeems notes
Freeport-McMoRan Copper & Gold (FCX-N) has eliminated US$180 million in debt through the early conversion of senior notes.In mid-2001, the copper magnate issued US$603.75 million worth of senior conve…
Canadian Stock Exchange Indices (January 19, 2004)
DateJan. 13Jan. 12Jan. 9Jan. 8Jan. 7HighLowTSX Composite8380.34…
Gold without cyanide
The Center for Advanced Mineral and Metallurgical Processing (CAMP) at Montana Tech of the University of Montana has been using nitrogen-species-catalyzed (NSC) pressure leaching followed by an alkali…
Canarc extends New Polaris at depth
Vancouver — Deep drilling at Canarc Resource’s (CCM-T) New Polaris property near Atlin, B.C., has intersected high-grade gold veins at depth.The 3-hole, 5,121-ft. program was designed to test two dee…
Newmont raises Phoenix, inks JV
Ushering in the new year with a bang, Newmont Mining (NEM-N) has begun developing the Phoenix deposit ahead of schedule.Situated in north-central Nevada, Phoenix is now slated to begin production in 2…