Richmont writes down Francoeur
Richmont Mines (RIC-T) has written down the carrying value of its Francoeur gold mine, near Rouyn-Noranda, Que.Although production has been temporarily suspended since late September, the company is c…
News
Chinese OK Towerbeck JV
Denver — The Chinese government will allow General Minerals (gnm-t) to explore the Towerbeck gold joint venture in that country’s northwestern region.The company can earn a 71% interest in the 56-sq….
Inmet, Tri Origin form pact
Junior Trio Origin (TOE-T) has optioned to Inmet Mining (IMN-T) its Woodlawn and adjacent South Woodlawn polymetallic projects in New South Wales, Australia.To earn a 60% interest, Inmet must spend $3…
Valerie confirms gold-copper system in Ecuador
A 2,500-metre drill program on the Santa Barbara gold-copper property in Ecuador has outlined a body of mineralization measuring 150 by 1,000 metres.Valerie Gold Resources (VLG-V) drilled 10 holes in …
River, Vencan end legal dispute (December 27, 1999)
Ending a long-standing legal dispute, River Gold Mines (RIV-T) has agreed to buy Vencan Gold’s (VCG-M) Edwards mine, near Wawa, Ont., for $1.5 million plus a 3% net smelter return on gold produced aft…
Sudbury Contact aims drills at Tonkin Springs
Drilling is under way at the Tonkin Springs gold property in the Battle Mountain trend of central Nevada.Sudbury Contact Mines (SUD-T), which acquired the option to earn a 60% interest in the project …
Meridian outlines targets
Underground channel sampling by Meridian Gold (MNG-T) has returned significant gold values at the Venturina gold-silver property in Mexico’s Chihuahua state.Targeting the old underground workings alon…
Batu Hijau ships first concentrates
Partners Newmont Mining (NEM-N) and Sumitomo have shipped the first 30,000 tonnes of concentrates from their massive Batu Hijau copper-gold mine in Indonesia. The shipment was destined for smelters in…
Atna and Energold drill San Antonio project
Atna Resources (ATN-T) and Energold Mining (EGD-V) will carry out drilling early next year on the San Antonio-1 concession in the Dominican Republic.During a deep-penetration geophysical survey, sever…
Crew gains Perkoa zinc deposit
African-based Metorex, half of which is owned by Crew Development (CRU-T), has acquired Billiton’s share of the Perkoa massive sulphide deposit in Burkina Faso.Perkoa was discovered in 1982 by the Uni…
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Thundermin, Queenston drill-test Boundary deposit
A 65-hole drill program by Thundermin Resources (THR-T) and equal partner Queenston Mining (QMI-T) has been completed on the Boundary deposit at the Duck Pond base metal property, 30 km southwest of t…