Strateco options Discovery
Strateco Resources (RSC-V) intends to acquire a half-interest in Campbell Resources’s (CCH-T) Discovery gold project in Quebec’s Bruneau and Desjardins twps., about 205 km southwest of Chibougamau.Str…
News
Seabridge builds up fringe gold projects
Some gold companies become marginal plays, and others have that status thrust upon them; the unusual thing about Seabridge Resources (SEA-V) is that it was born a marginal play, and by design.Founded …
Golden Arch options Arizona gold bet
Vancouver-based Golden Arch Resources (GAI-V) has inked a deal with an Arizona-based partnership to lease the Mildred Peak property in Pima Cty., Ariz.Altar Resources Partnership gets an immediate US$…
Cordilleran syndicate stakes more ground
A trio of companies, including Franc-Or Resources (FOR-T), is exploring for gold and silver mineralization in Humboldt Cty., north-central Nevada, where the projected extentions of the Battle Mountain…
Juniors eye precious metals in Argentina
Argentina’s recent financial woes have not deterred two juniors from inking separate deals to explore for precious metals there.Silver Standard Resources (SSO-V) has purchased a 43% interest in the Pi…
Golds drop on profit-taking
After several weeks of spectacular gains driven by higher bullion prices, U.S.-listed gold stocks retrenched over the report period that ended June 4.Newmont Mining fell 41 to US$31.56, AngloGold dro…
Canadian Stock Exchange Indices (June 10, 2002)
DateJune 4June 3May 31May 30May 29HighLowTSX Composite7568.027599.547656.137580.567611.91…
Holmer revs up drills in Timmins
Spurred on by rallying gold prices, Holmer Gold Mines (HGM-V) has renewed drilling at its high-grade Timmins property in northern Ontario.Between 1996 and 1998, Holmer outlined five near-surface paral…
PEOPLE (June 10, 2002)
AFCAN — David Netherway appointed president and CEO.Glencairn — Dunham Craig appointed president and COO.NovaGold — Walter Segsworth appointed director; Alex Morrison appointed preside…
Locals shoot down Tambo Grande plan
Residents of Tambogrande, a small agricultural centre 865 km northwest of Lima, Peru, have voted to reject a US$270-million gold and base metal mine proposed by Manhattan Minerals (MAN-T) of Vancouver…
Spot Prices Wed. June 5, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$324.50-$0.70Silver$ 5.05+$0.14Platinum$552.00+$…
Exchange Rates (June 10, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 4June 3May 31May 30May 29US$ in C$1.52791.52801.52751.5339…