Ecuadorian posts resource
Denver — Following completion of a second round of drilling, Ecuadorian Minerals (EMC-T) has reported a new resource at its Beroen gold-silver project in Ecuador.The 27 holes recently drilled bring t…
Articles by Northern Miner Staff
East Malarctic posts higher earnings
East Malartic Mines’ gold operation, 50 miles east of Rouyn-Noranda, Que., is completing its most profitable year since 1942.Profits for the first 10 months of 1950 were $186,332, compared with earnin…
CDNX slides further into bear country (November 27, 2000)
Canada’s junior exchange continued its month-long skid, as all indices remained in negative territory during the report period Nov. 15-21. The Canadian Venture Exchange composite index plunged 133.62 …
Exall retains Glimmer stake
An out-of-court settlement between Exall Resources (EXL-T) and Glimmer Resources (GME-V) has resolved the ownership battle for the Glimmer gold mine, east of Matheson, Ont.Exall will retain a 52% owne…
Junior hits mineralization
Four drill holes intersected gold mineralization in a 9-hole drill program conducted by Western Troy Capital Resources (WRY-C) in Menary Twp. in northwestern Ontario.The program tested a series of tar…
Freegold cuts high-grade
Denver — A one-hole diamond drilling program at the Golden Summit project in Alaska’s Fairbanks district has intercepted a new zone of high-grade gold mineralization.International Freegold Mineral De…
Northern Miner Indices (November 27, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….
TSE Short Positions (November 27, 2000)
Short positions outstanding at November 15, 2000Larger individual positions include: Abitibi-Consolidated Inc. 185,965 down 281,628; Alcan Aluminium Ltd. 203,080 down 317,871; Anderson Exploration Ltd…
HudBay, Eureka prove up Lottie Lake VMS property
There’s nothing terribly subtle about the mineral indicator chemistry on Eureka Resources’ (EUK-C) Lottie Lake property, 25 km northwest of Wells in British Columbia’s Cariboo mining district. Two yea…
Geomaque eyes Marathon deposit in Ontario
Geomaque Explorations (GEO-T), best known for its open-pit gold mines in Latin America, is trying its hand at a polymetallic surface deposit in northern Ontario.Polymet Mining (POM-V), which remains f…
Hall of Fame Inductees (November 27, 2000)
William Guy Brissenden(born 1915)A hands-on approach to problem-solving enabled William Guy Brissenden to master repeated challenges during a lengthy career spent mostly with Noranda. His first challe…
Golds rise above broad market woes
Dragged down again by a troubled industrial sector, the Toronto Stock Exchange 300 index sank 251.43 points over the Nov. 15-21 report period to end the week at 9,013.86.Fairing a good deal better wer…