Partners step up work at Windfall Lake
With results from the remaining holes now in hand, partners Fury Explorations (FUR-V), Alto Ventures (ATV-V) and Noront Resources (NOT-V) are preparing for their next drill campaign at the Wind…
News
Better technology, better economy
A report from the Australian Bureau of Agricultural and Resource Economics (ABARE) provides powerful support for the recommendations of three government studies that called for greater investment in r…
LME Warehouse Levels (December 22, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 16 (change from Dec. 9 in brackets):MetalStock(tonnes)ChangeAluminium1396250(-50…
Semafo cuts long intersections at Wona
Delineation drilling by Semafo (SMF-T) at its Mana gold property in central Burkina Faso has returned long intersections from the Wona gold deposit.Semafo is tightening drill control on both Wona and …
Junior exchange slumps as investors take profits
Vancouver — Canada’s junior exchange took a hit over the week ended Dec. 16 as investors took profits prior to the Christmas holiday. The S&P-TSX Venture Exchange composite index lost 61.78 points, o…
Quebec’s Metanor makes trading debut
It’s that time in the gold cycle when IPOs start to sprout up. This month, Metanor Resources (MTO-V), a junior gold explorer in Quebec, is making its first appearance on the TSX Venture Exchange.Based…
Martin appoints Efford as new natural resources minister
John Efford, a relative rookie in federal politics, has been appointed minister of natural resources in the cabinet of Canada’s new prime minister, Paul Martin.Efford was first elected to the House of…
Glencairn advances Bellavista
Glencairn Gold (GGG-T) has begun building its Bellavista gold mine in Costa Rica.Under the supervision of contractor Sococo de Costa Rica, the first phase of construction will include roadwork, instal…
Inter-Citic heads to China
Inter-Citic Mineral Technologies (ICI-V) has signed agreements for two property deals in mainland China — one in Qinghai province and the other in Inner Mongolia.The Toronto-based company, which reac…
Goldcorp sells gold hoard
Goldcorp (G-T) has sold off its gold hoard and intends to distribute most of the profits to its shareholders in the form of a special dividend.Debt-free and a long-time true believer in a nascent bull…
SAGC raises Pimenton funds (December 22, 2003)
Aiming to restart the Pimenton gold-copper mine in Chile, South American Gold & Copper (SAG-T) has raised $3.5 million by privately placing 49.88 million units at 7 apiece.On a daily basis between 19…
Kalahari cuts gold at Lamaque (December 22, 2003)
Exploration drilling by Kalahari Resources (KLA-V) at the Lamaque property in northwestern Quebec has intersected some high-grade gold mineralization.Hole SX03-07 tested a down-plunge extension of a g…