Dow cracks 10,000 again
The Dow Jones Industrial Average distinguished itself during the report period ended Dec. 16 by again flying past the 10,000 mark — a feat not achieved since March 2002 — and settling up 206.14 poin…
News
Depth potential at Joe Mann
Depth extensions of some known gold zones have been confirmed by drilling done by Campbell Resources (CCH-T) at the Joe Mann mine, south of Chibougamau in north-central Quebec.An 11-hole program of un…
Eldorado tests prospects in Turkey
Preliminary drilling in the Biga Peninsula of western Turkey has returned mixed results for Eldorado Gold (ELD-T).The reverse-circulation (RC) program focused on two showings: Keditasi and Yatiktas. B…
Slam, Noranda to explore Bathurst camp
Junior Slam Exploration (SXL-V) is joining with Noranda (NRD-T) to explore for base metal deposits in the Bathurst camp of northern New Brunswick.Slam, which is based in Miramichi, N.B., will spend $2…
Sherritt to convert shares
Nickel producer and coal holding company Sherritt International (S-T) has arranged to convert the multiple-voting shares held by its chairman, Ian Delaney, into restricted voting shares of the class t…
Intrepid finds Argentine gold
Toronto-based Intrepid Minerals (IAU-V) reports high-grade gold and silver values following trenching on the Kamila zone of the Casposo property in northwestern Argentina.Intrepid has extended the zon…
Drilling cuts more bonanza grades in D zone
Staying true to its name, American Bonanza Gold Mining (BZA-V) has pulled more high grades from its Copperstone property in Arizona.Hole 4, collared at the southern end of the so-called D zone, yielde…
Shakespeare tests positive
Test milling of drill core samples from the Shakespeare copper-nickel project west of Sudbury, Ont., has recovered a bulk copper-nickel concentrate.The testing, done by SGS-Lakefield Research for proj…
GFMS tables Russian report
Since emerging from its financial crisis in 1998, the Russian economy has improved significantly, which is reflected in its mining sector, according to a report from Gold Fields Mineral Services (GFMS…
What might have been
To almost nobody’s surprise, the past week saw another controversial mining development stalled. On Dec. 10, Minera de Centro del Peru (better known as Centromin) gave notice it was terminating the ag…
EPA seeks co-operation from Teck Cominco
The U.S. Environmental Protection Agency could proceed with legal action against Vancouver-based Teck Cominco over pollution of a river system that straddles the U.S.-Canada border.The EPA alleges tha…
Limousine Butte drilling turns up gold
Vancouver — Nevada Pacific Gold (NPG-V) reports impressive assay results from the first two holes drilled on its wholly owned Limousine Butte project, in Nevada’s White Pine Cty.The initial holes in …