News

Valerie finds new targets in Ecuador

Stream-sediment sampling on the Santa Barbara copper-gold property in Ecuador has outlined widespread gold values over a 10-sq.-km area.Junior Valerie Gold Resources (VLG-V) is earning a half-interest…


Cassiar completes shipment

Toronto-based Cassiar Mines & Metals (CIR-T) has begun making international deliveries of its first commercially produced chrysotile fibre from the Cassiar plant in northern British Columbia.The compa…


Maude Lake sizes up Comtois

Junior Maude Lake Exploration (MAU-M) has completed its first resource evaluation for the Comtois gold property, 15 km west of Lebel-sur-Quevillon, Que.Indicated resources are pegged at 582,934 tonnes…


CDNX continues to set record highs

Canada’s junior stock market index ignored fears of higher interest rates, posting another record close. The Canadian Venture Exchange gained 204.45 points, or 6.08%, over the week ended Feb. 23 and c…


Glamis posts resource

Based on results from recent exploration drilling, Glamis Gold (GLG-N) has concluded that the existing resource at the Cerro Blanco gold-silver project must be expanded before it can be advanced to th…


Patricia aims to restart Island Gold

Junior Patricia Mining (PAT-V) is studying the feasibility of restarting production at the Island Gold project, 50 km northeast of Wawa, Ont.Island Gold comprises the Kremzar, Lochalsh and Goudreau pr…


Fourth quarter pushes Homestake into black

A strong fourth quarter propelled Homestake Mining (HM-N) to profitability in 1999.The company earned US$4 million (or 2 per share) in the quarter, contributing to income of US$4.9 million (2 per sh…





Mixed bag for metals markets

The report period Feb. 7-11 was a mixed one for metals markets as nickel rallied to a 6-year high, gold hit a 4-month high and copper staged a technical rally. Also, zinc prices appear to be bottoming…



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