TSE Shorts (July 30, 2001)
Short positions outstanding at July 15, 2001Larger individual positions include:Alcan Inc. 1,315,183 down 291,026; Anderson Exploration 4,625,894 down 414,100; Aur Resources 178,188 up 16…
News
Drilling heats up at Phuoc Son
Vancouver — Drill results from the Bai Go portion of the Phuoc Son gold property in Vietnam have expanded the high-grade core of the mineralization for partners Olympus Pacific Minerals (OYM-V), Ivan…
Tiberon expands Nui Phao
Vancouver — Junior Tiberon Minerals (TBR-V) reports that drilling at the Nui Phao polymetallic project in Vietnam has extended the mineralized zone to the southeast.Hole 38, collared southeast of a p…
Shareholders OK merger
Minority shareholders of Cominco (CLT-T) have voted overwhelmingly in favour of the company’s planned merger with parent Teck (TEK-T), and the British Columbia Supreme Court has approved the merger’s …
Vannessa releases details of Las Cristinas deal (July 30, 2001)
Junior Vannessa Ventures (VVV-V) has purchased a 95% interest in the Las Cristinas gold project in Venezuela for a “nominal” amount of cash and the assumption of the project debt owed to vendor Placer…
Twin recovers 1-carat stone from Baffin Island
Twin Mining (TWG-T) has recovered several commercial-size stones, including one weighing one carat, from test pits on the Freightrain kimberlite prospect at Baffin Island in Nunavut.This past spring, …
Drilling a bust at LDG
Drilling by De Beers Canada Exploration on the LDG (formerly Thor) property in the Northwest Territories failed to intersect kimberlite.Three targets were drilled on the basis of till sampling and gro…
Full steam ahead at Diavik mine
Construction of what will be Canada’s second diamond mine is in full swing at a time when the nation’s diamond industry is marking the 10th anniversary of Chuck Fipke’s monumental discovery.London-bas…
Homestake books new reserve at Veladero
Further drilling by operator and 60% owner Homestake Mining (HM-N) at the Veladero property in the Argentine Andes has nearly doubled gold reserves and upped silver reserves by 60%. But engineering wo…
Halmahera project put on the shelf
Vancouver — Political uncertainty in Indonesia has come home to roost for prospective nickel laterite miner Weda Bay Minerals (WDA-T).The company has suspended work on its nickel and cobalt project o…
Hedging boosts Placer Dome’s results
Helped by a hedging program that generated a US$50-premium for every ounce of gold produced at its international stable of mines, Placer Dome (PDG-T) posted a US$49-million profit for the first six mo…
Mindoro permit withdrawn
The cancellation of a key permit by a branch of the Philippine government has forced Crew Development (CRU-T) to suspend development at its nickel laterite project on the island of Mindoro.The licence…