EVENTS (June 19, 2000)
June 19-20 Louthean Publishing Pty. Ltd. and Int’l Investment Conferences, Inc. — “World Diamond Conference.” Four Seasons Hotel, Toronto, ON. Tel: (305) 669-1963. Fax: (305) 669-7350. E-mail: iconf@…
News
Freeport buys into La Verde Grande
The Mexican subsidiary of Freeport-McMoRan Copper & Gold (FCX-N) will acquire a 51% interest in the La Verde Grande porphyry copper property. Situated in Sonora state, the property is currently 100%-o…
A system at work
Market-watchers disillusioned by the scams of the late 1990s had a little light shine on their faces in the past two months, as the Canadian Venture Exchange used its regulatory power to fix a situati…
McGill professor wins Derry award
Anthony Williams-Jones, a professor of earth and planetary sciences at McGill University, has won the Duncan R. Derry Medal for outstanding contribution by an economic geologist.The award is presented…
Spot Prices Wed. June 7, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$286.05-$0.90Silver$ 5.00-$0.05…
Nuinsco to buy Bucko Lake
Following a 13-hole drill program, Nuinsco Resources (NWI-T) has decided to enter into an option to buy Falconbridge’s (FL-T) Bucko Lake property in the Thompson nickel belt, 100 km south of Thompson,…
The need for innovation
It is marvelous to witness the growth and spread of technology, though we must be wary of the tendency to over-invest in some sectors while neglecting others.Consider mining. The industry has invested…
Noranda cuts new zones in Matagami camp
Only two months since announcing its discovery, Noranda (NOR-T) has attached a resource to the Perseverance zinc-copper zone near its Matagami concentrator in northwestern Quebec.Inferred resources ar…
Junior uranium explorer picked as speculative buy
Dale Hoffman’s JNR Resources (JNN-V) was recommended as a speculative buy at 20 by Wolverton Securities analyst Tracy Hurley, based on the recent discovery of unconformity-type uranium mineralization…
International Wayside still in the doghouse
The Canadian Venture Exchange index tacked on 54.01 points, or 1.6%, to close the report period ended June 13 at 3,464.6. All indices posted minor gains, included the mining index, which was up 93.28 …
Con
Metallica Resources (MR-T) has drawn up a simplified mine/mill plan for its 50%-owned Cerro San Pedro gold-silver project in central Mexico.The simplification entails eliminating the crushing circuit …
Law change eases claim backlog
Alaska Governor Tony Knowles has signed a bill that will amend the Alaska State Mining Law to ease the backlog of unprocessed claims.Under Bill 175, which takes effect in late August, claims can be pr…