Analysts weigh in on Gabriel
Bay Street analysts are getting behind Gabriel Resources (GBU-T) in a big way, as the junior unveils a revised feasibility study for its 80%-owned Rosia Montana gold project in Romania.Late last year,…
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Manhattan feasibility on schedule (March 18, 2002)
Vancouver — A review of the mineral inventory at the TG-1 deposit on the Tambo Grande property in northern Peru has resulted in a 5% jump in contained copper in the sulphide part and a 4% drop in con…
Province closes lands to prospectors
The Ontario government has drawn a line in the sand, and around 378 park areas protected under the province’s Living Legacy program. Those lines will prohibit prospectors from staking claims within th…
Canadian Stock Exchange Indices (March 18, 2002)
DateMarch 12March 11March 8March 7March 6HighLowTSE 3007866.147908.167910.267958.117944.25…
Orezone proposes to Coronation International
Determined to boost its exploration portfolio, Orezone Resources (ORZ-T) has inked a merger deal with London-listed Coronation International Mining.Orezone must raise $2 million before the merger take…
Freewest hits gold at Clarence
Vancouver — Freewest Resources Canada (FWR-V) has released encouraging results from its first 10 holes at the Murphy zone at the Clarence Stream gold project in New Brunswick.The gold zone is one of …
THI staves off extinction
Junior Trans Hex International (THI-V) has signed a letter of intent with its South African-based parent, Trans Hex Group (THG), in an attempt to settle its books.Under the plan, THG, which mines allu…
Masuparia cuts intrusive at Greywacke
Vancouver — Drilling by Masuparia Gold (MPG-V) has resulted in the discovery of a host rock for gold mineralization at the North zone on the Greywacke property, 90 km northeast of La Ronge, Sask.Coll…
Almaden, Santoy find little sun at Tropico
An initial drill program at the Tropico polymetallic property in western Mexico has cut wide swaths of low-grade sulphide mineralization for partners Almaden Minerals (AMM-T) and Santoy Resources (SAN…
Anaconda squeezes Sherritt’s earnings (March 18, 2002)
Aussie laterite nickel miner Anaconda Nickel, engaged in talks with bond holders amid fears it may default on a US$420-million bond series, announced a large half-year loss that was echoed on the book…
Resource stocks rise with the rest of market
The bulls charged ahead during the March 6-12 report period, pushing the Toronto Stock Exchange 300 index up 280.02 points to 7,866.14. Even the precious metals and base metals sub-groups were up over…
Gold Funds (March 18, 2002)
Gold Funds as of March 7 2002Dundee Precious MetalsCentral FundNet Value$18.12$5.62Price$13.40$5.76…