Hansa takes over Rhonda claims
Thoroughly occupied by the Northwest Territories diamond hunt, Calgary-based Rhonda Corporation (RDM-V) has spun off its holdings in the Courageous Lake gold belt, north of Yellowknife, to affiliate H…
News
Opawica finds high-grade in Brazil
Toronto-based Opawica Explorations (OPW-T) has received positive results from the first phase of due diligence at the Bom Jardim gold property in the Tapajos district of Para state in north-central Br…
Doyon hoist needs repairs
A breakdown of the production hoist at Cambior’s (CBJ-T) Doyon mine, 40 km east of Rouyn-Noranda, Que., may result in layoffs during an estimated 2-6 weeks of repairs.At presstime, the company was dis…
Exploration work upgrades Northgate’s Kemess North
Vancouver — In 2002, Northgate Exploration (NGX-T) spent US$3.5 million drilling 42 holes at the Kemess North deposit in the Toodoggone River area of north-central British Columbia. In the process, t…
Queenston intensifies work in Ontario and Quebec
With three drills turning on its projects in northeastern Ontario and northwestern Quebec, this winter is shaping up to be a busy one for Queenston Mining (QMI-T).The company recently completed a 6-ho…
Cornerstone spreads risk, saves cash by joint venturing
For many juniors, keeping the treasury topped up while funding exploration on projects is difficult. One way a company can achieve this is through joint ventures, whereby a partner earns an interest i…
Canadian Stock Exchange Indices (March 10, 2003)
DateMarch 4March 3Feb. 28Feb. 27Feb. 26HighLowTSX Compo…
Small is beautiful for Avalon
A new scoping study of Avalon Ventures’ (AVL-V) Separation Rapids lithium-silicate project in northwestern Ontario recommends construction of a mill only half as big as previously planned.The updated …
Kirkland suspends Macassa (March 10, 2003)
The failure of a pillar between an ore pass and shaft 3 has forced Kirkland Lake Gold (KGI-V) to suspend production at the Macassa mine, west of Kirkland Lake, Ont.A seismic event caused damage to a 6…
New budget threatens investment: MAC
The elimination of the resource allowance, announced by Finance Minister John Manley in his budget in mid-February, threatens mining investment in this country, according to the Mining Association of …
Securities session at PDAC
David Brown, chairman of the Ontario Securities Commission, will be among the speakers at a 3-hour session on securities regulations at the annual convention of the Prospectors & Developers Associatio…
First McAra holes find stringer sulphides
Three drill holes at the McAra property in the southern Abitibi belt in Ontario have intersected stringer-form pyrite and pyrrhotite.Owner Mustang Minerals (YMU-V) is testing a series of drill targets…