Sleeping Giant to get deeper shaft
With new zones identified at the Sleeping Giant mine near Amos, Que., operator Cambior (CBJ-T) and joint-venture partner Aurizon Mines (ARZ-T) have given the go-ahead to a $7-million shaft extension.T…
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Aurogin nabs Tierra Blanca (March 24, 2003)
Aurogin Resources (AUQ-V) has inked a deal with a private company to earn a half-stake in the Tierra Blanca gold project in central Guatemala.Aurogin and its partner can earn a 70% interest in the 10-…
Spot Prices Wednesday March 19, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$339.00-10.00Silver$4.48-0.19Platinum$680.00-20.00…
Jensen deserves credit: Schmidt
A recent letter from Mark Baknes (T.N.M., Feb. 17-23/03) makes it appear that I deserve some credit for Earl Jensen’s discovery of the original Wolverine showing. I was the crew chief of a 4-man prosp…
The Northern Miner Indices (March 24, 2003)
North American Mining: 67.76 (+3.89)Small Producers: 58.73 (+4.37)(Sept. 30/98 = 100)…
Kinross updates Duquesne
Armed with 14 drill holes and re-assayed values from several old holes, Reddick Consulting has updated the inferred resource at Globex Mining’s (GMX-T) 50%-owned Duquesne West gold property in Duparqu…
TSX-V GREATEST PERCENTAGE CHANGE (March 24, 2003)
ExchgVol(000s) High Low Close % ChgColumbia MetalV320.150.110.14+100.0…
Semafo leaches Mana gold
Results from bottle-roll tests suggest the Wona and Nyafe oxide gold deposits in Burkina Faso are amenable to heap leaching, reports Semafo (SMF-T).Wona and Nyafe are two of three deposits that make u…
Major Drilling posts loss
Major Drilling incurred a loss of $400,000 (or 2 per share) on revenue of $38.6 million for its fiscal third quarter, though that’s an improvement over the year-earlier loss of $4 million (37 per sh…
Amerigo buys Chilean mill (March 24, 2003)
Junior Amerigo Resources (ARG-V) has acquired an option to buy a Chilean plant that recovers copper from tailings.The MVC plant has an 18-year contract with Corporacin Nacional del Cobre de Chile (Co…
New zone at Eagle River
Recent drilling by River Gold Mines (RIV-T) has identified a new zone of gold mineralization near the existing mine workings at the Eagle River mine, near Wawa, Ont.Drilling has delineated the western…
Aquiline raises funds for Calcatreu in Argentina
An unsecured debt financing will provide Aquiline Resources (AQI-V) with enough funds to buy the Calcatreu gold project in Argentina.In late January, Aquiline agreed to pay US$2 million to Newmont Min…