Drills turn at McCuaig (February 11, 2002)
Vancouver — Rubicon Minerals (RMX-V) has kicked off a 3,050-metre drill program on the McCuaig gold project in Red Lake, Ont.The company is targeting a gold-bearing structural zone discovered last ye…
News
Gold Fields’ earnings nearly triple (February 11, 2002)
Reflecting a weakened South African rand and a month’s production from the recently acquired St Ives and Agnew mines in Western Australia, Gold Fields (GOLD-Q) has reported record earnings of US$67 mi…
Phelps Dodge ends dismal year (February 11, 2002)
Vancouver — Poor demand and weak prices plagued the balance sheet of the world’s second-largest copper producer in 2001.Phelps Dodge (PD-N) posted a fourth-quarter loss of US$78.3 million (or US$1 pe…
CIM looks for comments on practice guidelines
The Estimation Guidelines Committee of the Canadian Institute of Mining, Metallurgy and Petroleum has completed its draft guidelines covering proposed “best practices” for estimating mineral resources…
Ekati diamond raffle will benefit children’s hospital
Vancouver — A diamond from the Ekati mine in the Northwest Territories will be raffled to raise money for Vancouver’s British Columbia Children’s Hospital.The raffle is part of the Mining for Miracle…
Seabridge nabs Red Mountain project
Vancouver — In keeping with its strategy of acquiring advanced gold projects, Seabridge Resources (SEA-V) has inked a deal with North American Metals (NAM-V) to pick up the Red Mountain project in no…
Ashton returns to Buffalo Hills
The joint-venture partners in the Buffalo Hills diamond project in northern Alberta are preparing to begin delineation drilling on the K252 kimberlite.K252 is the most promising of the 36 kimberlites …
Silver Standard teams with GoldOre Resources
An option agreement with Gold-Ore Resources (GOZ-V) sets the stage for Silver Standard Resources (SSO-V) to extend its search for bulk-minable silver deposits to include Mexico’s Sinaloa state.Silver …
High River posts record production (February 11, 2002)
During 2001, High River Gold Mines (HRG-T) produced a record amount of gold from its 50%-owned New Britannia mine in Manitoba and from the mines of Buryatzoloto, a Russian company in which High River …
Radius explores Guatemalan projects
Vancouver — Having optioned its Tambor property to South African major Gold Fields (GOLD-Q), Radius Explorations (RDU-V) is busy developing other gold prospects along the Montagua fault trend in Guat…
Queenstake to proceed with production at Magistral
The Magistral gold project in northern Sinaloa state, Mexico, will be pouring gold by September following a positive production decision by operator Queenstake Resources (QRL-T) and its joint-venture …
Meridian eyes half-stake in Gold Hawk
Mid-tier producer Meridian Gold (MNG-T) has reached an agreement that could give it a controlling interest in Montreal-based junior Gold Hawk Resources (CGK-V).Under the proposed deal, Meridian would …