Jilbey to raise $1.2m for gold projects
Vancouver — Jilbey Gold Exploration (JLB-V) has entered into an agency agreement with First Associates Investments to raise $1.2 million for its Taranga and Nongo Fayere gold exploration permits in B…
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SpectrumGold picks up Galore Creek
Vancouver — SpectrumGold has inked a deal with mining giants Rio Tinto (RTP-N) and Anglo American (AAUK-Q) to buy the Galore Creek gold-silver-copper deposit in northwestern British Columbia.
Gravity survey confirms target at Navidad (August 25, 2003)
Vancouver — The results of gravity and magnetic ground geophysical surveys have enhanced the potential for finding significant sulphide mineralization on the Navidad polymetallic project in Argentina…
Alrosa uncovers giant diamond
Sakha Republic government-owned Alrosa has extracted a giant, flawless 301.55-carat diamond — the third-largest gem-quality diamond ever unearthed in Russia.The 46-by-32-by-26-mm lemon-yellow stone w…
Black Hawk narrows losses
With fewer tonnes milled, Black Hawk Mining (BHK-T) lost US$358,000 during the 3-month stretch ended June 30.The loss translates into nil per share, and compares with a year-earlier net loss of US$409…
Northern Miner Indices (August 25, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…
The Northern Miner Indices (August 25, 2003)
North American Mining: 87.59 (+4.16)Small Producers: 88.78 (+2.42)(Sept. 30/98 = 100)…
Yamana expands in Brazil
Spokane-based Yamana Resources (YRI-T) has paid US$20.9 million for the Fazenda Brasileiro gold mine in northeastern Brazil. The vendor is Companhia Vale do Rio Doce (RIO-N).The funds were made possib…
Mag cuts narrow vein at depth (August 25, 2003)
Vancouver — Initial results from an ongoing, 3,500-metre drill program indicate narrow intervals of high-grade silver-gold values between 400 and 500 metres below surface on the Juanicipio claims in …
PGM use in North America
Three factors — a substantial increase in the production of light vehicles, the impending introduction of tighter emissions standards, and the replacement of some palladium-based catalysts with plati…
Russian project delivers high-grade results
Results from ongoing drilling by Bema Gold (BGO-T) on a high-grade gold-silver prospect in Russia’s Far East region are confirming the potential for a near-surface, multi-million-ounce deposit.To date…
De Beers nabs diamond thieves
An ongoing investigation east of Pretoria, South Africa, has led to 20 arrests and the recovery of 590 stolen diamonds. Nineteen more people are being held for questioning.De Beers has been working wi…