Eldorado boosts resource
Eldorado Gold (ELD-T) has increased the resource at its Kisladag project in western Turkey to 6.7 million oz., following a 7,600-metre program of reverse-circulation drilling.The new estimate was prep…
News
Vaaldiam explores ground
Vaaldiam Resources (VRL-V) has begun exploring Mooikloof, one of three South African diamond properties it optioned from SouthernEra Resources (SUF-T).The Toronto-based junior can earn up to a 70% int…
Aur lines up money for QB
An equity deal underwritten by CIBC World Markets and Research Capital is to provide the remainder of the financing Aur Resources (AUR-T) will need to buy a 76.5% interest in the Quebrada Blanca coppe…
Correction (October 09, 2000)
The Howard’s Pass base metal deposit, on the Yukon-Northwest Territories border, hosts 110.5 million tonnes averaging 5.3% zinc and 2.4% lead. Incorrect information appeared in our Sept. 11-17 issue. …
LME Warehouse Levels (October 09, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 3/00 (change from Sept. 26 in brackets):MetalStock(tonnes)Change…
Altius more than a blip on Haywood’s radar screen
Newfoundland is proving to be a favoured hunting ground for junior companies searching for stand-alone gold projects or base metal deposits that might attract the interest of majors. Mining analyst Ja…
Too far, too fast?
The report period Sept 25-29 saw a retracement for metals prices from their recent highs. Funds are still the main supplier of volume to the base metals markets and, despite further declines in London…
Iamgold to drill six properties
Though best known for its 38% stake in the Sadiola Hill mine in Mali, Iamgold (IMG-T) is making a name for itself on the exploration scene. In addition to mine-site exploration, the globe-trotting com…
‘Prairie gold’ becomes ‘natural nanoparticulate metal’
After spending $15 million, including $2.7 million raised earlier this year, Birch Mountain Resources (BMD-V) has precious little to show for its pursuit of “prairie gold” at its land package in the A…
Champion funds work
Junior Champion Resources (CHL-V) has increased a private placement by 400,000 units to 2.4 million units.Each unit will consist of one share and one share purchase warrant exercisable over two years….
Aurora Platinum buys property
Aurora Platinum (ARP-V) plans to acquire the McDonough platinum-palladium property, 12 km north of Red Lake, Ont.The property hosts a poorly exposed gabbro with a strike length of 9 km, as defined by …
Ursa Major explores Shakespeare
Ursa Major Minerals (URS-T) has raised $195,333 through an offering of shares and warrants. The funds, together with $60,000 which the company raised privately, will be used to finance ongoing explora…