Sigma Mines goes deeper
Before the end of the year, Sigma Mines expects to extend its main operating shaft to a depth of 3,000 ft.Although still relatively shallow in comparison with other Canadian mines, the shaft will be t…
News
Poor maintenance at Beatrix
An investigation into the recent explosion that killed 12 workers at Gold Fields’ Beatrix mine in South Africa has revealed that the operation had inadequate maintenance standards.The report, performe…
Gold Funds (May 28, 2001)
Gold Funds as of May 17, 2001Dundee Precious MetalsCentral FundNet Value$14.14$5.31Price$9.90$5.17…
De Beers to drill Ken Hicks target in NWT
De Beers Canada Exploration continues to search for the elusive source of the Ken Hicks kimberlite indicator mineral train on the LA 1-2 claims of the Doyle Lake joint venture project in the Northwest…
Soquem, Eastmain drill deep at Clearwater
Exploration drilling by Quebec-government-owned Soquem at Eastmain Resources’ (ER-T) Clearwater (or Eau Claire) property in Quebec’s James Bay region has extended several known gold veins at depth.The…
Majescor plans program for Wemindji
Field programs budgeted at $500,000 will explore promising kimberlite targets on the land holdings of Majescor Resources (MAJ-M). The properties are east of James Bay in northern Quebec.The Quebec Cit…
Shear cuts narrow dyke
Drilling by Shear Minerals (SRM-V) on the Aylmer Lake West property in the Northwest Territories has culminated in the intersection of a narrow kimberlite dyke.Three lake-based targets identified from…
Black Hawk retires debt
A 15% increase in gold production, coupled with a 24% reduction in cash operating costs, helped Black Hawk Mining (BHK-T) stay in the black during the first quarter of 2001.The company’s El Limon mine…
Rockwell unravels Pedra Branca puzzle
Fortaleza, Brazil — Some 250 km southwest of this busy port city, structural deformation has transformed one of the world’s largest layered mafic intrusive complexes into a geological puzzle, which, …
Low-cost gold mines: the new survivors
As the gold price rallies, only to sink again, the measure of a good gold project is less and less its production and more and more its operating margin. The need to make money in a small way is winni…
Southwestern Gold active in Argentina, Peru
Denver — Faced with the impending South American winter, partners Southwestern Gold (SWG-T) and Consolidated Jaba (JBA-V) are hurrying to complete soil sampling on the Tecka layered mafic intrusion i…
Copper Ridge gains prospect
Copper Ridge Explorations (KRX-V) has struck a deal with Big Blackfoot Resources (BLF-V) to earn up to a 70% interest in a zinc-lead massive sulphide prospect in the Yukon Territory.Copper Ridge can e…