News

Vancouver — Copper and gold resources in the southern, open-pit portion of Ivanhoe Mines‘ (IVN-T) Oyu Tolgoi deposit in Mongolia have been upgraded to the measured and indicated category.

Vancouver — Infill drilling by Uruguay Mineral Exploration (UME-V) at the Arenal deposit in Uruguay is demonstrating sufficient grade consistency to warrant construction of the initial pit. Startup is planned for late 2004.

Vancouver — An unnamed major international bank has offered $1 billion in the form of a loan toward financing development of the Cerro Casale porphyry gold-copper project in northern Chile.

Two majors, Alcoa (AA-N) and Newmont Mining (NEM-N), are engaged in grassroots exploration for gold in Suriname.

Vancouver — Ahead of schedule, Abacus Mining & Exploration (AME-V) has fulfilled the terms to earn its acquisition of the Afton project from Teck Cominco (TEK-T). The 70-sq.-km copper-gold project is west of…

Alexis Minerals (AMC-V) has intersected significant gold and copper on its Cadillac Break properties in northwestern Quebec.

GlobeStar Mining (GMI-V) and Everton Resources (EVR-V) continue to hit significant values at their Doa Loretta copper porphyry project, 100 km northeast of Santo Domingo, Dominican Republic.

Adastra Minerals (AMZ-T) (formerly America Mineral Fields) has resumed talks with state-owned Gnrale des carrires et des mines (Gcamines) in the interest of reactivating the Kipushi zinc-copper project in the Democratic Repu…