Gold price sparks renewed effort at Ivanhoe
Vancouver — The jump in the price of bullion has breathed new life into the Ivanhoe property in Nevada’s Carlin trend.Great Basin Gold (GBG-V) has been working the project since 1998, methodically ou…
News
Echo Bay posts quarterly profit
Vancouver — Edmonton, Alta.-based Echo Bay Mines (ECO-T) has posted a first-quarter profit and retired US$100 million of its debt in a shares-for-debt arrangement.The company tabled net earnings of U…
Royal Standard active on four fronts
With working capital boosted to US$1.5 million via a recent US$1-million private placement, Reno-based Royal Standard Minerals (RSM-V) is readying its drills for an initial 3-hole program on its Ruby …
Exchange Rates (June 10, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 4June 3May 31May 30May 29US$ in C$1.52791.52801.52751.5339…
PEOPLE (June 10, 2002)
AFCAN — David Netherway appointed president and CEO.Glencairn — Dunham Craig appointed president and COO.NovaGold — Walter Segsworth appointed director; Alex Morrison appointed preside…
Holmer revs up drills in Timmins
Spurred on by rallying gold prices, Holmer Gold Mines (HGM-V) has renewed drilling at its high-grade Timmins property in northern Ontario.Between 1996 and 1998, Holmer outlined five near-surface paral…
Sustainable development, Part 2
Corporate actions in support of sustainable development are often muted. In part, this reflects a perception that engaging with the community is an expensive proposition and, moreover, fundamentally t…
NJ Mining raises funds
A private placement will provide US$229,500 for a drill program at three northern Idaho projects operated by junior New Jersey Mining (NJMC-O).A 1,500-metre drilling campaign on the New Jersey mine, n…
Locals shoot down Tambo Grande plan
Residents of Tambogrande, a small agricultural centre 865 km northwest of Lima, Peru, have voted to reject a US$270-million gold and base metal mine proposed by Manhattan Minerals (MAN-T) of Vancouver…
Tenke sets sights on Argentine target
Vancouver — Continuing to focus on the prolific Maricunga gold belt, Tenke Mining (TNK-T) has inked a letter of intent to earn a 75% stake in TNR Resources’ (TRR-V) Batidero gold project in Argentina…
Smithers to host competition
British Columbia’s annual mine rescue competition is slated for June 13-15 in Smithers, 170 km northeast of Prince Rupert.The provincial mines ministry organizes the event. For more information, call …
Queenstake ups Magistral resource
Vancouver — Drilling by Queenstake Resources (QRL-T) has increase the grade and tonnage of the La Prieta zone in the Samaniego Hill area of its 50%-owned Magistral property in Mexico’s Sinaloa state….