Orvana resumes Don Mario development
Two years after being forced to shelve it, Orvana Minerals (ORV-T) has raised enough funds to advance its small but high-grade Don Mario gold-silver deposit.In the heyday of 1996, Orvana added the Bol…
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Major General plans diamond spinoff
With 42.1 million shares currently issued, Major General Resources (MGJ-V) intends to spin off its diamond properties into a new company and undergo a 3-for-1 stock rollback.Shareholders of Major Gene…
Poste Lemoyne bears gold (February 11, 2002)
Preliminary drilling by partners Virgina Gold Mines (VIA-T) and privately owned TGW has deepened a surface showing at the Poste Lemoyne property in the James Bay area of Quebec.The Orfee zone has been…
Partners renew Sapawe drilling (February 11, 2002)
Partners Wolfden Resources (YWO-V) and Jonpol Explorations (JON-T) have kick-started a winter exploration program at their Sapawe polymetallic project in northwestern Ontario.The program, which includ…
Barrick’s 2001 post-merger output on target
Barrick Gold (ABX-T) met its 2001 production target with output of 6.1 million oz. gold at US$162 per oz.The world’s biggest gold miner in terms of market capitalization, which recently merged with Ho…
FPO Amarc sizes up Inde property in Mexico’s Durango state
Vancouver — The consolidation of a key property package has paved the way for Hunter-Dickinson-led Amarc Resources (AHR-V) to test for gold-bearing sulphides below the historical oxide workings at th…
Gammon looks to Bolnisi at Ocampo
Gammon Lake Resources (GAM-T) has found an operator for its proposed Ocampo gold-silver mine in Mexico’s Chihuahua State.In a preliminary deal, Australian-listed junior producer Bolnisi Gold will earn…
Alamos takes a stand in Mexico
Vancouver — The low price of gold has prompted many major producers to shed sub-economic assets, and partners Alamos Minerals (AAS-V) and National Gold (NGT-V) are hoping to capitalize on the trend b…
Bigger reserves at Niobec
Cambior (CBJ-T) and Mazarin (MAZ-T) have upgraded resources into reserves at their equally owned Niobec niobium mine in Quebec.Proven and probable reserves now total 18.2 million tonnes grading 0.68% …
Spot Prices Wed. February 6, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$297.45+$16.50Silver$ 4.48+$0.18Platinum$464.00+…
Coeur ramp cuts high grade at Cerro Bayo (February 11, 2002)
Coeur d’Alene Mines (CDE-N) has cut new high-grade gold and silver mineralization at its Cerro Bayo property in southern Chile.During construction of the upper access ramp, the Idaho-based company cut…
Omai’s performance improved in 2001
Despite being just a few years from the end of its operating life, Cambior’s (CBJ-T) Omai open-pit gold mine in Guyana managed to turn in a record performance during 2001.The operation achieved its hi…