News


New projects ensure Chile’s top-tier status

Although the pace of development has slowed since the mid-1990s, when several large copper mines entered production, new bulk-minable deposits are helping Chile maintain its position as the world’s la…


Junior companies scan Guatemala for yellow metal

The end of a 36-year-old civil war, combined with favourable revisions to the national mining code, has paved the way for junior explorers to evaluate the untapped mineral potential of Guatemala.Among…


News Roundup (October 23, 2000)

Southern Rio explores Santo TomasSouthern Rio Resources (SNZ-V) has launched a geophysical exploration program at its Santo Tomas copper prospect in northern Chile, 160 km southeast of the port of Iqu…


Wheaton River benefits from higher output

Higher throughput rates and head grades propelled Wheaton River Minerals (WRM-T) to new heights during the 9-month period ended Sept. 30.Net earnings for the period topped a record $12.4 million (25 …


Aurora adds ground in Quebec

With a 14-hole drill program under way at its Midrim platinum property, near Temiscaming, Que., Aurora Platinum (ARP-V) has inked a deal to earn a 70% stake in the adjoining Belleterre property.Compri…


Barrick eyes Minaspata property

Targeting a large high-sulphidation gold system, Barrick Gold (ABX-T) has inked a letter of intent with equal partners Cambior (CBJ-T) and Southwestern Gold (SWG-T) to earn a 51% stake in the M…


Luicho drill results clobber Pacific Rim

Results from the first 19 holes drilled on the highly touted Luicho prospect in southern Peru indicate that the gold mineralization is confined to only a portion of the upper sandstone unit in the Cen…


Valerie to drill Tajos de Oro project

Limited drilling is planned for Tajos de Oro, a gold-silver property near Nayarit, Mexico, under investigation by Valerie Gold Resources (VLG-V).As part of a first-phase due-diligence program, Valerie…


PD rides copper wave

Stronger copper prices and fewer taxes enabled Phelps Dodge (PD-N) to more than double its profits in the third quarter.Net earnings in the three months ended Sept. 30 topped US$39.3 million (or US50…


Eaglecrest to extract bulk samples from San Simon

The presence of free, coarse-grained gold and difficulties related to the estimation of resources and reserves have prompted Eaglecrest Explorations (EEL-V) to extract large bulk samples from the San …


Gitennes faces legal hurdle at Virgen

A dispute between Cambior (CBJ-T) and the original owners of the Virgen gold property in Peru has created a stumbling block for Gitennes Exploration (GIT-T).In February, Cambior terminated its option …


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