Canyon finances lawsuit
Canyon Resources (CAU-X) has obtained US$3.5 million in financing from Franco-Nevada Mining (FN-T) and restructured its purchase agreement with Phelps Dodge (PD-N) for the McDonald gold project…
News
DIAMOND PAGE — Twin Gold finds diamonds in Ungava
Toronto-based junior Twin Gold (TWG-T) has discovered diamonds in a grab sample derived from two dykes in the Torngat Mountains, east of Ungava Bay in northern Quebec.The sample, which weighed 10.9 kg…
Partners extend Tulawaka
Drilling has confirmed the down-plunge extension of the East zone at the Tulawaka property in Tanzania’s Lake Victoria Goldfields district.Operator Pangea Goldfields (PGD-T) holds a 70% interest in th…
Atna completes program on Caribou Dome
Atna Resources (ATN-T) is encouraged by results from its recently completed exploration program on the Caribou Dome copper property in central Alaska.The junior perfomed geochemical, geological and ge…
SUPPLIERS NEWS ROUNDUP — Codelco hires Kvaerner
The South American division of Kvaerner has been awarded a US$17-million contract to upgrade the processing circuit at the Radomiro Tomic copper mine in northern Chile.The firm will design and oversee…
Polymet begins drilling
Junior Polymet Mining (POM-V) has begun drilling on it NorthMet polymetallic project in northern Minnesota.The company intends drill 80-100 holes in a program that is expected to last one year (43,000…
Meetings (October 11, 1999)
Oct 12 ArizumaOct 12 AugustaOct 12 CordexOct 12 CorsairOct 12 DejourOct 12 Ris Res.Oct 12 Sepik GoldOct 12 United GunnOct 14 GreshamOct 19 FancampOct 13 AltoOct 13 HyperionOct 13 Northern GlacierOct 1…
Red Dog area find targeted for more drilling
Winter weather has brought drilling to a halt on a new high-grade zinc discovery of Cominco (CLT-T), 6 miles north of the company’s Red Dog mine in northwestern Alaska.Among the better results from re…
Gold price traps Ashanti in hedge deal — Possibility of US$450-m loss hits gold producer’s shares
Shares in Ghanaian gold producer Ashanti Goldfields (ASL-N) plunged following an announcement that the company was facing large paper losses in its gold hedging program.Ashanti, which was among those …
Madsen resurrection near
Slowly but surely, Claude Resources (CRJ-T) is waking the historic Madsen gold mine from its 2-decade-long slumber.Situated just east of here, Madsen was one of the more successful mines to arise from…
Doublestar gains Falco assets
Junior Doublestar Resources (DSR-V) will acquire all 13 mineral property interests of Falconbridge (FL-T) in British Columbia.In return, Doublestar is required to pay $500,000 over 20 months and issue…
Venturex to drill near Sudbury
Partners Consolidated Venturex Holdings (CVA-V) and Pacific North West Capital (PFN-A) will drill-test twocopper-nickel-plantinum-palladium properties near Sudbury, Ont.Mapping on the Davis-Kelly prop…