Phelps buys evaluation tool
Phelps Dodge Mining, the world’s second-largest producer of copper, has ordered its third QemSCAN system, a device that automatically analyzes crushed ore and drilled samples.The technology employs an…
News
Partners step up drilling at Copler
Follow-up drilling by partners Rio Tinto (RTP-N) and Anatolia Minerals Development (ANOU-V) has intersected gold mineralization north of the Main zone at the Copler prospect in Turkey.Hole 54A, collar…
McWatters trims production estimate
Lower-than-expected-grades at its Sigma-Lamaque open-pit operation in Val d’Or, Que., have McWatters Mining (MWA-T) looking to raise up to $7 million to remove troublesome waste.A syndicate, led by Du…
Burnstone’s Area 1 grows
Following more than 20,000 metres of infill drilling on the Burnstone gold project in South Africa, Great Basin Gold (GBG-V) has raised mineral resources in the Area 1 deposit.Based on a cutoff grade …
Cumberland exercises warrants
Vancouver — Cumberland Resources (CBD-T) has exercised share purchase warrants originating from a $14.7-million financing in June 2002, raising $5.1 million in the process.As a result, Cumberland’s w…
Silver protects swimmers
Inadequate cleaning and safety procedures at public swimming pools could be exposing millions of people to harmful bacteria that cause diarrhea and other illnesses, according to a report by the U.S. g…
Exchange Rates (June 30, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 24June 23June 20June 19June 18US$ in C$1.36101.33921.35921.3…
Queenstake bankrolls Jerritt Canyon
Vancouver — A brokered private placement financing worth $21 million will allow Queenstake Resources (QRL-T) to acquire the Jerritt Canyon gold mine in Nevada’s Elko Cty.Regulators have yet to approv…
Eldorado takes Kisladag to the bank
Usak, Turkey — Once a curious anomaly, Kisladag has grown into a major deposit that promises to propel Eldorado Gold (ELD-T) to the rank of mid-tier producer by 2005.Situated a short drive from this …
Yamana eyes Brazilian gold production (June 30, 2003)
Vancouver — Looking to become a 100,000-oz.-per-year producer, Spokane-based Yamana Resources (YRI-T) has agreed to pay US$20.9 million for Fazenda Brasileiro, the only gold mine of Companhia Vale do…
Ashton, Soquem aim to expand Renard
As the results of mini-bulk samples collected this past winter from the Renard kimberlite cluster in north-central Quebec begin to trickle in, Ashton Mining of Canada (ACA-T) is assessing the potentia…
Miramar doubles down at Suluk (June 30, 2003)
Vancouver — Miramar Mining (MAE-T) has doubled the depth of gold mineralization at the Suluk zone, part of the Hope Bay project in Nunavut.Twenty drill holes tested the zone, the most encouraging bei…