Cheviot mine on hold
Poor markets for metallurgical coal have caused Fording Canadian Coal Trust (fdg.un-t) to suspend development at its Cheviot coal project near Hinton, Alta., until markets improve.Cheviot, which had b…
News
RJK cuts gold at Wedge (April 14, 2003)
The first hole drilled by RJK Explorations (RJX.A-V) on its Wedge property, near Shebandowan, Ont., has intersected significant gold mineralization.The hole was testing the Creek zone, where grab samp…
Soquem inks joint ventures with Quinto Technology
Vancouver — Quinto Technology (QU-V) has signed an agreement with provincially owned Soquem to establish two 50-50 joint ventures in the Lac Gueret area of Quebec.Soquem recently performed an airborn…
Northern Orion joins Wheaton
Vancouver — the Unidentified Third Party That Agreed to Share the Us$180-Million Price Tag for a 25% Stake in the Bajo De La Alumbrera Gold-Copper Project Has Been Unmasked. Northern Orion Exploratio…
Cameco trying to fix water problems at MacArthur; Jerritt
Operations at Cameco’s (cco-t) MacArthur River uranium mine in northern Saskatchewan were suspended on April 6 after water infiltration in a development drift overburdened the mine’s pumping system.Ca…
Andes cuts new zone at San Jose
Vancouver — Spokane-based Minera Andes (MAI-V) has intersected a new zone of high-grade gold and silver mineralization at its San Jose project in southern Argentina.The best drill intercept returned …
Suncor unveils $3b expansion plan
Calgary-based integrated oil giant Suncor Energy (su-t) intends to spend C$3 billion to boost its projected daily oil-sands output to 330,000 barrels by the end of 2007 from 260,000 barrels in 2005.Th…
Glencairn plants itself at Bellavista
Miramar, Costa Rica — A strong sense of goodwill has gone a long way toward advancing the Bellavista gold project, about 3 km northeast of this small coastal community.In early 2002, Glencairn Gold (…
War jitters weaken junior exchange
Vancouver — Canada’s junior exchange drifted lower during the report period ended April 8, as investors elected to lighten their positions ahead of further geopolitical and economic developments. The…
Candor eyes Mary March (April 14, 2003)
Candor Ventures (CND-V) has signed a letter of intent to acquire a half-interest in the promising Mary March massive sulphide property from the Canadian exploration arm of Phelps Dodge (PD-N).Situated…
Trading Summary (April 11, 2003)
The Toronto Stock Exchange managed to scrape together 13.61 points to finish the week at 6,432.08 on Friday, as inv…
Unki gets the green light
Vancouver — The World’s largest platinum producer is moving ahead with the US$90 million development of the Unki d…