High-grade core shapes up at Libiri
More encouraging results have been released from an ongoing drill program aimed at increasing the grade of the Libiri gold deposit in Niger.Partners Etruscan Resources (EET-T) and Semafo (SMF-T) are i…
News
Dianor cuts gold in James Bay region
Montreal-based Dianor Resources (DOR-M) has intersected gold mineralization during initial drilling at its 1404 project, 45 km southeast of Radisson in Quebec’s James Bay region.So far, the junior has…
Crown weighs options at Crown Jewel
Crown Resources (CRRS-Q) is considering underground mining as an alternative to open-pit methods at the troubled Crown Jewel gold deposit in northeastern Washington state.Crown has a 46% interest in t…
Champion boosts phosphate resource at Farim
Champion Resources (CHL-V) has tabled an independent resource calculation for its Farim phosphate deposit in Guinea Bissau, the West African country sandwiched between Senegal and Guinea.The audited m…
Monopros takes bulk sample from Ontario kiberlite field
News that Monopros has commenced a bulk-sampling program on the diamondiferous Victor kimberlite pipe in the James Bay Lowlands of northern Ontario is sparking renewed interest in the region.The March…
Richmont buys back shares
Still sensing its stock is undervalued, Rouyn, Que.-based Richmont Mines (RIC-T) has renewed a normal course issuer bid on the Toronto Stock Exchange.Richmont, which posted a net loss of $8.2 million,…
Meadowbank resource grows
A new resource estimate has substantially increased the known tonnage of the Meadowbank gold project in Nunavut.Cumberland Resources (CBD-T) reports that the new resource estimate is based on 383 dril…
Kinross tests George Lake
Kinross Gold (K-T) has begun a 9,000-metre drill program at the George Lake gold project, 70 km south of Bathurst Inlet in Nunavut.Kinross can earn a 70% interest in the property from Wheaton River Mi…
Eldorado reports profits
A 75% reduction in exploration spending, combined with higher operating efficiencies at its two producing mines, helped Eldorado Gold (ELD-T) post a profit of US$5.4 million (or 7 per share) in 1999,…
Namco boosts ODM’s diamond output
Less than six months after its US$60-million takeover of Ocean Diamond Mining (ODM), marine diamond miner Namibian Minerals (NMR-T) reports a 30% increase in production from ODM’s operations off the c…
Kerr output eclipses Hollinger’s
In 1949, production at the Kerr Addison gold mine in Ontario surpassed that of Canada’s largest gold producer, the Hollinger mine, near Timmins, Ont. The mine produced 286,000 oz. worth $10.7 million …
Investor confidence subject of forum
Efforts to rebuild investor confidence after the Bre-X mining scandal drew both praise and criticism from speakers participating in a special forum titled “Rebuilding Investor Confidence: A Report Car…