Mixed results at Shawkey
Winter drilling at the Shawkey gold project near Val d’Or, Que., has returned lacklustre results for Western Quebec Mines (WQM-T).The junior sank 10 holes to follow up on erratic values obtained in th…
News
Candor options Comtois from Maude Lake (April 28, 2003)
Toronto-based junior Candor Ventures (CND-V) and Montreal-based gold explorer Maude Lake Exploration (MAU-V) have signed a letter of intent that will see Candor take up half of Maude Lake’s interest i…
Correction (April 28, 2003)
Etruscan Resources (EET-T) owns 51% of the Tirisano alluvial diamond mine and related properties in South Africa, not the 75% figure it has used in some news releases and which we reported in “Latest …
Higher gold boosts Grasberg
Vancouver — Freeport-McMoRan Copper & Gold (FCX-N), operator of the world’s largest copper-gold mine, earned an impressive US$49.2 million (or US33 per share) in the first quarter.The gain, which wa…
The Northern Miner Indices (April 28, 2003)
North American Mining: 67.85 (+2.20)Small Producers: 63.20 (+4.69)(Sept. 30/98 = 100)…
Partners size up Discovery zone (April 28, 2003)
Joint-venture partners International Taurus Resources (ITS-V) and Fairstar Explorations (FFR-T) have taken delivery of SRK Consulting’s resource estimate for the Discovery zone on their Fenelon proper…
People (April 28, 2003)
America Mineral Fields — Former director Stephen Malouf resigned.Amerigo — Steven Dean and Klaus Zeitler appointed to board of directors; Jeffrey Giesbrecht appointed secretary; Irene Wilson resigne…
McWatters connects dots at Kiena
The final batch of results from winter drilling has brought McWatters Mining (MWA-T) a step closer to resuming production at the suspended Kiena gold mine, near Val d’Or, Que.McWatters, which depleted…
Flooding sidelines McArthur River
Cameco (CCO-T) says the water-inflow problems at its McArthur River uranium mine in Saskatchewan will force production to shut down for 4-6 months while repairs are made.Situated 620 km north of Saska…
Gahcho Kue study falls short
The Gahcho Kue diamond project in the Northwest Territories is remaining on the back burner after an updated desktop study by De Beers failed to meet a critical 15% internal rate of return required to…
Editorial Cartoon (April 28, 2003)
Diversification boosts Teck Cominco (April 28, 2003)
Vancouver — An improved operating performance at the Trail smelter in British Columbia, combined with an 18% jump in the price of bullion, propelled the world’s largest zinc producer to a profit in t…