River issues more rights
A deal between River Gold Mines (RIV-T) and certain noteholders extends the maturity date for half of the company’s 9% promissory notes until Oct. 8, 2003.The noteholders, representing $1 million wort…
News
Altius cuts gold at Moosehead
A hole drilled at the Moosehead property in central Newfoundland has returned high-grade gold values for partners Altius Minerals (ALS-V) and Sudbury Contact Mines (SUD-T).Hole 13 intersected 17.1 met…
Redhawk eyes zinc-oxide potential of Guatemalan prospect
Junior Redhawk Resources (RDK-V) hopes the key to developing several zinc-oxide prospects in the Americas lies in the hands of ZincOx Resources, a private, London-based company whose founding members …
Teck Cominco braces for recession (October 15, 2001)
Vancouver — Plunging base metal prices have prompted Teck Cominco (TEK-T) to reduce the carrying value of non-operating properties by $154 million and take other non-cash charges of $15 million.The m…
End of rainy season lures juniors back to Sierra Madre
Cash is trickling into the Sierra Madre gold camps in Mexico as the rainy season draws to a close and juniors launch exploration programs designed to outline new resources or test the feasibility of p…
Gold rally sputters following US retaliation
Well, so much for the gold rally. Prices for the yellow metal began a downward trend during the Oct. 3-9 report period, falling out of a tight US$290-per-oz. trading range and quietly drifting down to…
Spot Prices Wed. October 10, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$286.50-$3.45Silver$ 4.49-$0.10Platinum$424.00-$…
Majescor aims drills at Wemindji
Vancouver — A series of financings has paved the way for Majescor Resources (MAJ-V) to ramp up exploration at two promising diamond properties in northern Quebec.The non-brokered private placements t…
Greenland drilling uncovers kimberlite dyke
Joint-venture partners Citation Resources (CUE-V), Cantex Mine Development (CD-V) and BHP Billiton (BHP-N) wrapped up a field season in western Greenland by testing seven targets with 1,000 met…
Eastmain hits sulphides
Drilling by Eastmain Resources (ER-T) at the Railroad property near Bathurst, N.B., has intersected some thin, but extremely high-grade zones of massive sulphides.Six holes were drilled on the Railroa…
Gammon Lake advances Ocampo to feasibility
Having wrapped up an extensive drilling campaign at its Ocampo gold-silver project in Mexico earlier this year, Gammon Lake Resources (GAM-T) is raising more funds and setting its sights on completing…
BacTech uses bioleaching to crank out copper cathodes
Vancouver — BacTech Enviromet (YBA-V) and its partners, Industrias Penoles of Mexico and Mintek of South Africa, have produced the first commercial-sized copper cathodes from copper concentrate usin…