Goldcorp extends Red Lake mineralization
Hot on the heals of its latest reserve update, Goldcorp (G-T) has announced the discovery of new mineralization at the Red Lake gold mine in northwestern Ontario.Reserves were recently upped by 25% to…
News
Pasminco appoints administrator
Troubled Australian zinc producer Pasminco has appointed an administrator to take over the company’s affairs after a standstill agreement with the company’s creditors broke down in September.Pasminco,…
Robert’s Arm extended to partners
A second phase of drilling in the Buchans-Robert’s Arm volcanic belt of central Newfoundland has come back dry for Altius Minerals (ALS-V) and Inmet Mining (IMN-T).The partners sank one new hole and e…
Third kimberlite found at Rockinghorse
Kennecott Canada Exploration has made another kimberlite discovery on Tahera’s (TAH-T) Rockinghorse property in Nunavut. It is the third such discovery since the current exploration campaign began.The…
AK claims yield more diamonds (October 01, 2001)
A total of 1,665 carats of diamonds have been recovered from sample concentrates from the Hearne and 5034 kimberlite pipes on the AK claims in the Northwest Territories.Drilling by De Beers Canada, a …
Rex drills targets in Mauritania (October 01, 2001)
Rex Diamond Mining’s (RXD-T) drilling campaign at its Karet South permit in north-central Mauritania has turned up more evidence of nickel, gold and platinum-group-metal mineralization.The drilling wa…
Klipspringer produces early
Diamond production has begun on the newly commissioned no. 4 level at SouthernEra Resources’ (SUF-T) Klipspringer diamond mine in South Africa, some six months ahead of schedule.SouthernEra now estima…
Tom restructures assets (October 01, 2001)
Rouyn-Noranda, Que.-based Tom Exploration (TUM-M) has distributed to its shareholders 13.7 million shares of subsidiary Treegenic, a forestry biotechnology research firm.The spinoff firmly dropped Tom…
First Quantum starts up Lonshi copper project
With a mining licence now in hand, First Quantum Minerals (FM-T) has begun to work the Lonshi copper oxide deposit in the Democratic Republic of Congo.Resources in the near-surface deposit are pegged …
US markets continue to slide
Denver — The Dow Jones industrial average sank another 243.43 points, or 2.7%, to 8,659.64 during the report period ended Sept. 25 — its lowest level in four years. The Nasdaq settled at 1501.64.The…
New trends in platinum demand
Demand for platinum in 2000, at 5.6 million oz., was marginally up on the record level achieved in 1999, but the pattern of consumption was significantly different from that of recent years.Sales to t…
Drilling awakes Sleeping Giant
Partners Cambior (CBJ-T) and Aurizon Mines (ARZ-T) have upped gold reserves at the Sleeping Giant mine in northwest…