Teck Cominco declares force majeure at Trail
Teck Cominco (TEK-T) has declared force majeure on deliveries of refined lead from its Trail smelter in southeastern British Columbia.An explosion inside the Kivcet lead furnace at Trail caused extens…
News
Western Keltic acquires Kutcho Creek in BC
Western Keltic Mines (WKM-V) will perform exploration drilling on its newly acquired Kutcho Creek project in northern British Columbia.The Kutcho Creek volcanogenic massive-sulphide deposit is one of …
Azure active at Meguma
Vancouver-based Azure Resources (AZR-V) is underground on the Mooseland project, 70 km north of Halifax, where it recently took a bulk sample of more than 2,000 tonnes from the Irving, Little North an…
Fronteer raises $6m for exploration
Vancouver — Fronteer Development Group (FRG-T) intends to raise $6 million through a private-placement financing, with most of the proceeds earmarked for exploration in Labrador and Red Lake. The fin…
Aquiline expands Argentine project
Drilling by Aquiline Resources’ (AQI-V) at its Calcatreu gold-silver project in Argentina has extended a zone of high-grade mineralization to more than 700 metres.The latest, 13-hole program targeted …
Vantex reports hot hole at Guillet
Some impressive gold grades from the Guillet property in Temiscamingue, Que., sent shares of Vantex Oil, Gas & Minerals (VTX-V) soaring on Feb 25.Hole 70 returned 13.3 metres grading 40.7 grams gold p…
Daily Metal Prices (March 08, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 2March 1Feb. 27Feb. 26Feb. 25Al Alloy1570/160…
Constellation goes supernova
The Toronto Stock Exchange’s S&P-TSX composite index rose steadily over the Feb. 25-March 2 report period, ending 170.7 points higher at 8,808 despite a 1.5% drop at the period’s end. The gold index m…
High River strengthens bonds with Jilbey in Burkina Faso
A proposed deal would see Jilbey Gold Exploration (JLB-V) become the exploration arm of High River Gold Mines (HRG-T) in Burkina Faso.Under the deal, High River would transfer all its exploration prop…
BHP Billiton inks Chinese steel deal
Anglo-Australian giant BHP Billiton (BHP-N) has signed a US$9-billion deal to ship some 12 million tonnes of iron ore annually to four of China’s top steel mills.The 25-year deal is BHP’s largest-ever…
Campbell boosts reserves at Joe Mann mine
Proven and probable reserves at the Joe Mann mine, near Chibougamau, Que., have risen 35% since the end of 2002, Campbell Resources (CCH-T) reports.The increase includes 46,057 oz. gold mined from 182…
River Gold adds ounces at Eagle River (March 08, 2004)
Two new discoveries last year by Toronto-based junior River Gold Mines (RIV-T) near its Eagle River high-grade gold mine near Wawa, Ont., have allowed the company to add 136,500 oz. to its reserve bas…