Vueltas reserves halved
Reserves at the Vueltas del Rio mine in Honduras have been more than halved, following an independent review.Geomaque Explorations (GEO-T) reports that the amount of minable material in the proven and…
News
Gold Funds (April 08, 2002)
April 1, 2002March 28 2002Dundee Precious MetalsCentral FundNet Value$20.99$5.88Price…
OGS uncovers prospective anomalies
A lake sediment survey in the English River-Graham-Wawang Lake area, northwest of Thunder Bay, Ont., has identified areas with elevated concentrations of platinum, palladium and rare earth elements.Th…
Crystallex advances La Victoria (April 08, 2002)
Vancouver — Diamond drilling by Crystallex International (KRY-T) has intersected a high-grade gold shoot at the La Victoria deposit in Venezuela.The drilling was designed to upgrade the reserves and …
Black Swan, Canadian Zinc execs tap treasuries
Recent insider trading transactions reported by the Ontario Securities Commission include the following:- Black Swan Resources (BSW-T) — Stephen Fabian, director, sold 268,884 shares privately and in…
BC changes claim law
Two government announcements in western Canada signal a better climate for exploration, says Al Gourley, a director of the Prospectors & Developers Association of Canada.In British Columbia, the gover…
WGC studies future gold trends Musselwhite
A study by the World Gold Council (WGC) is designed to predict the state of the gold market 3-5 years hence, the objective being to “increase the value” of the commodity.The study, which will outline …
Leading indicators turn north for base metals
After a wobble early on in the report period March 25-28, the base metals markets regained their poise, helped by encouraging economic data out of both the U.S. and Europe. Nonetheless, the funds rema…
Silver Standard boosts Challacollo (April 08, 2002)
Vancouver — Results from a 7-hole drill program have increased the economic prospects of the the Challacollo silver-gold property in northern Chile.Silver Standard Resources (SSO-V) carried out the 7…
Crew tables Nalunaq resource (April 08, 2002)
Vancouver — According to an independent resource estimate, Crew Development’s (CRU-T) Nalunaq project in Greenland holds just under 600,000 oz. gold.Toronto-based SRK Consulting pegs the measured and…
Kinross extends Kinam offer
Kinross Gold (K-T) extended, to April 4, its offer for all of Kinam Gold’s $3.75 series B convertible preferred shares it does not already own.Kinross’s original, $16-per-share cash tender offer expir…
Work resumes at Mt. Kare
Vancouver — With the price of gold showing signs of life, Madison Enterprises (MNP-V) has resumed exploration of the promising Mt. Kare gold-silver property in Papua New Guinea.The latest program con…