U.S. REPORT Nevada Goldfields pursuing Antioch
A letter of intent to acquire up to 100% of the outstanding shares of Antioch Resources of Spokane, Wash., has been signed by Nevada Goldfields (TSE). Terms of the share-exchange agreement and share-e…
News
Court rejects Teck’s bid for copper mine
The government of Mexico will leave the Cananea SA copper mine up for sale, following a judge’s rejection of a recent $468-million bid by a consortium of mining companies. The bid by Cupriofera Canane…
EDITORIAL PAGE Questioning the motives
Sometimes it seems you can’t do anything right. Consider Falconbridge Ltd.’s latest public relations coup. The company surrendered its interests in the Baie Fine industrial mineral deposit largely bec…
La Fosse analyses rhodium in drill core
In light of the soaring price of rhodium, La Fosse Platinum (TSE) has re-evaluated core from its Villebon nickel-copper-platinum prospect east of Val d’Or, Que. Results include rhodium values of up to…
Oregon acquires Flat Gold property
The transfer of ownership in the Flat gold property will result in Oregon Resources (VSE) owning 100% of the Alaskan project where it intends to spend about US$1.5 million on exploration over the next…
Asarco boosts price of copper cathode 5 cents
Asarco (NYSE) will increase its domestic selling price of electrolytic copper cathodes by 5 cents to $1.30 per lb. Asarco is one of the world’s leading integrated producers of nonferrous metal includi…
New code sets B.C. mining standards
The British Columbia Ministry of Energy, Mines and Petroleum Resources has released an 11-part code covering health, safety, and reclamation in the mining industry. The Health, Safety, and Reclamation…
Newhawk cuts more high grade at Sulphurets
Spectacular assay results over impressive widths are being reported by Newhawk Gold Mines (TSE) from a new precious metals discovery on its 60% owned Sulphurets property north of Stewart, B.C. The rem…
Pacific Sentinel drilling Arizona project
A $500,000 exploration program managed by Pacific Sentinel Gold (VSE) is under way on the Golden West project in La Paz Cty., Ariz., where the company is earning a 50% interest from PIC International …
PCS sells warrants to pay for Saskterra
A sale of special warrants worth nearly $50 million has been made by Potash Corp. of Saskatchewan (TSE) to fund the company’s recent purchase of Saskterra Fertilizers. Saskatoon-based Potash sold 3,66…
U.S. REPORT Targets exceeded at Champagne mine
Since the startup of the Champagne mine last September, operator Bema Gold (TSE) has been reporting better than anticipated gold and silver production at below projected costs. Bema owns 85% of the op…
U.S.REPORT Toffan, Netolitzky fund Atna deal
Armed with the proceeds of a recent private placement, Atna Resources (VSE) has been busy assembling a land package in the Foothills Belt of California, a region known to be prospective for polymetall…