Surviving 2000
Like castaways stranded on a desert island, exploration and mining companies began the year 2000 struggling for survival and longing for a return to the days of gold and glory. As they pondered the fi…
News
Anglo starts airborne EM at Aripuana
Partners Anglo American (AAUK-Q) and Karmin Exploration (YKA-V) have started an airborne electromagnetic survey over their Aripuana massive sulphide property in Brazil’s Mato Grosso del Norte state.Th…
Drill program expanded at Foy
Vancouver — Armed with new geophysical data, Aurora Platinum (ARP-V) has increased the drill metres for its current program on the Foy nickel-copper-platinum-palladium property, near Sudbury, Ont.An …
All flat on the western front
Vancouver — Canada’s junior exchange remained flat leading up to the Christmas holidays. For the 3-day report period ended Dec. 26, the Canadian Venture Exchange composite index was relatively unchan…
Int’l Annax cuts massive sulphides at Dairi
Vancouver — Drilling at the Dairi massive sulphide project in Indonesia has yielded more encouraging grades for International Annax Ventures (iax-v).Hole 44D, collared 3 km northwest of the Anjing Hi…
Producer and Dealer Prices (January 01, 2001)
Antimony: Mid-mkt US$1,350/t.Bismuth: Mid-mkt US$4.00/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-14.25/lb.Copper: Comex March US$0.8625/lb.Indium: …
National Gold deals for Salamandra gold project
Vancouver — Junior National Gold (NGT-V) has inked a $10.5-million deal with Placer Dome (PDG-T) and Kennecott Minerals to pick up the 3.4-million-oz. Mulatos deposit in Mexico’s Sonora state. Kennec…
Fire closes Cassiar mill
Cassiar Magnesium (CIR-T) has suspended production of chrysotile fibre products at its mill in Cassiar, B.C., because of fire damage.The full extent of the damage is not yet known and the company does…
Altius options Tally Pond
Altius Minerals (ALS-V) has acquired an option to earn a 100% interest in the South Tally Pond property in central Newfoundland from Noranda (NOR-T).The 47.5-sq.-km property covers the southern quarte…
Orval Gillespie
Orval Gillespie, chairman and chief executive officer of Vancouver-based Globaltex Industries, has died. He was 69.In the 1950s, Gillespie first worked as a diamond driller in the Maritimes and then m…
Royal secures US$10m
Denver — Royal Gold (RGLD-Q) has reached an agreement with HSBC Bank USA for US$10 million in financing. The funds will be used to acquire royalty assets.The financing will be secured by a mortgage o…
Porcupine Reef posts banner year
For Porcupine Reef Gold Mines, 1950 was not just a good year; it was its best year ever.The mine owes much of its success to the recovery of higher-grade ore during the past 12 months. Porcupine avera…