Profit-takers derail TSE after record highs
Profit-taking took hold of the Toronto stock market during the Feb. 16-22 report period, with the TSE 300 composite index falling sharply after reaching an all-time high of 9,463.54 on Feb. 17. The co…
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Partners test nickel laterite in Guatemala
First discovered by a subsidiary of Inco in the early 1970s, the Buena Vista nickel project in Guatemala has been revived by Chesbar Resources (CBI-T) and Intrepid Minerals (IAU-V). The partners are e…
NAME CHANGES (February 28, 2000)
Brimstone Gold (BSC-V) has changed its name to Foxpoint Resources (FPR-V) on a 1-new-for-15-old-share basis.
Fairfield ships bullion from Siwash
Vancouver-based Fairfield Minerals (FFD-T) has shipped its remaining gold bullion to an Ontario refiner for upgrading to the North American standard of 9999 purity.The bullion produced gold credits of…
Al Hariqah
Miramar
Glencore bankrolls Zambian copper deal
Swiss trader Glencore International and First Quantum Minerals (FM-V) have moved a step closer to completing a deal with the government of Zambia and Zambia Consolidated Copper Mines (ZCCM) to buy a 9…
Al Hariqah shows promise
A first-phase drill program by Cantex Mine Development (CD-V) has returned encouraging results from the Al Hariqah gold project in Yemen.Thirteen holes tested a mineralized zone measuring 3.2 km by 60…
GeoNova buys Bachelor Lake
Montreal-based GeoNova Explorations (GNE-M) has signed a preliminary agreement to buy the Bachelor Lake gold mine and mill facilities for $5.6 million in cash and debt plus 3 million GeoNova shares.Si…
Twin finds more anomalies
Junior Twin Gold (TWG-T) has identified four dykes and 10 anomalies in an airborne survey over its diamond property in northern Quebec.The magnetic-electromagnetic survey on the northeastern section o…
Noranda and Metallica revise joint venture
Noranda (N-T) has revised its agreement with Metallica Resources (MR-T) over the Chilean copper porphyry target known as El Morro.Under the new agreement, Noranda can earn a 70% interest in the proper…
CDNX continues to set record highs
Canada’s junior stock market index ignored fears of higher interest rates, posting another record close. The Canadian Venture Exchange gained 204.45 points, or 6.08%, over the week ended Feb. 23 and c…