Exploration continues at Kidd Creek
Texasgulf will undertake a major exploration program this year in the vicinity of its Kidd Creek mine in northern Ontario. This follows in the wake of its recent discovery of zinc-lead-silver minerali…
News
Arthur Brant
Dr. Arthur A. Brant, a founding father of mining geophysics, died recently at the age of 91 in Tucson, Ariz.’Doc Brant,’ as he was familiarly referred to by his many students and colleagues at Newmont…
Barrick hits bull’s-eye at Alto Chicama in Peru
Barrick Gold (ABX-T) intends to quadruple exploration and development spending at the Alto Chicama property in north-central Peru to $20 million this year after finding a “significant gold discovery” …
Dubai aims to secure half of gold trade
Dubai, once dubbed the “city of gold,” will soon have a metal and commodities centre for trading in the yellow metal, diamonds and other commodities.The Dubai Metals and Commodities Centre (DMCC) will…
Exploration spending continues slide
A survey of mineral exploration, deposit appraisal and mine development spending predicts that exploration and appraisal spending for 2001 will dip to a historical low of $458 million, a far cry from …
Barrick, Altius team up
Partners Barrick Gold (ABX-T) and Altius Minerals (ALS-V) have agreed to expand their search for Carlin-type deposits in Newfoundland’s Botwood Basin.Their efforts will focus on the 47-sq.-km Burnt La…
Eldorado restates earnings (April 29, 2002)
Vancouver — The discovery that a 1994 US$10-million convertible debenture should have been treated as a debt instrument has forced Eldorado Gold (ELD-T) to restate its financial statements for 2000 a…
NovaGold drills Donlin Creek
As part of a prefeasibility study, NovaGold Resources (NRI-T) has begun drilling at its Donlin Creek project in southwestern Alaska.The work is being financed with proceeds from an $18.5-million equit…
Athabasca exceeds Saudi reserves
As conventional supplies of oil and gas in Canada are depleted, the oil sands of northern Alberta offer the world an increasingly important energy source with low political risk.Oil sands in Alberta a…
Trading Summary (April 26, 2002)
The Toronto Stock Exchange’s gold stocks rose 261.49 points or 4.1% on the strength of a US$3.70-per-oz. gain by go…
Apex teams up with Western Copper in Mexico
Vancouver – Focusing on developing the large San Cristobal silver-zinc project in Bolivia, Denver-based Apex Silver…
More gold at Assean Lake
Vancouver — International Curator Resources (IC-T) has intersected a new gold zone at its Assean lake Property, ne…