Glamis gives nod to Marlin
The board of directors of Glamis Gold (GLG-T) has authorized the final design and construction phase at the Marlin gold-silver project in Guatemala.Under a revised feasibility study, Marlin is expecte…
News
Deal at Thunder Creek
Lake Shore Gold (LSG-V) has inked an option deal on Band-Ore Resources’ (BAN-T) 54-claim Thunder Creek property, near Timmins, Ont.Lake Shore can take a 60% interest in the property by paying $370,000…
Northern Miner Indices (November 24, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM…
Correction (November 24, 2003)
In our Oct. 17 issue, we incorrectly stated that Canico Resource (CNI-T) would carry out matte smelting at its Ona-Puma nickel-laterite project in Brazil.Canico is considering both ferronickel and ma…
Spot Prices Tuesday November 18, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$392.42+14.10Silver$5.21+0.28Platinum$762.00+20.00…
Fury finds two zones at Windfall Lake
A new structural model drawn at Windfall Lake, in northwestern Quebec, seems to be holding up for Fury Explorations (FUR-V).Fury can earn a 37.5% interest in the property, which covers 534 ha (5.3 sq….
Court upholds Troilus award
The British Columbia Court of Appeal has dismissed an appeal by Homestake Canada, a subsidiary of Barrick Gold (ABX-T), against the January 2001 judgment of the province’s Supreme Court awarding $88 m…
Etruscan tests anomaly in Mali
Nova Scotia-based Etruscan Resources (EET-T) has begun a program of soil sampling and auger drilling over a regional gold-in-soil anomaly on the 200-sq.-km Nianembale permit in Mali, West Africa.The 3…
Partners fizzle at Headway property
A second phase of drilling at the Headway property in the Red Lake camp of Ontario has returned mixed results for King’s Bay Gold (KBG-V) and Solitaire Minerals (SLT-V).The highest reported result was…
Noranda’s CFO retires
Noranda’s (NRD-T) chief financial officer, Lars-Eric Johansson, has retired after 14 years of service.Johansson will remain with the company to help with the financing of Falconbridge’s (FL-T) Koniamb…
AMF inks Kolwezi deal
America Mineral Fields (AMZ-T) is another step closer to developing the Kolwezi cobalt-copper tailings project in the Democratic Republic of Congo.After 10 months of negotiations, the company has agre…
Thistle bulks up resources at Steyn (November 24, 2003)
Re-evaluation of existing drill data at the President Steyn gold mine near Welkom, South Africa, has identified two large blocks of mineralization, inducing owner Thistle Mining (THT-T) to carry out f…