EXCHANGE RATES (December 27, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 21Dec. 20Dec. 17Dec. 16Dec. 15…
News
Trivalence
Copper Rand gets reprieve
In a move to preserve jobs in the Chibougamau region, the Quebec government and big labour are throwing a lifeline to MSV Resources (MSV-T) and its Copper Rand 5000 project, which seemed to have gone …
TSE Indices (December 27, 1999)
— 1999 –DateDec. 21Dec. 20Dec. 17Dec. 16Dec. 15High…
Trivalence drills Aredor pipe
Drilling at the Aredor concession in Guinea has intersected diamond-bearing kimberlite for Trivalence Mining (TMI-C).Holes 21 and 23 yielded a combined 70 macrodiamonds (a macro is here defined as mea…
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…
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…