Apex creates subsidiary Golden Temple
Denver — Apex Silver Mines (SIL-X) will bundle its various exploration properties into a new subsidiary, to be known as SilEx. The move will enable the company to focus its attention on developing th…
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Ivanhoe explores South Korea, Myanmar and Mongolia
Standing pat in a region shunned by most is paying off for Ivanhoe Mines (IVN-T).In 1994, when overseas ventures were still fashionable, Ivanhoe (then known as Indochina Goldfields) began amassing an …
California energy crunch renders coal more attractive
Dare we say it? Coal making a comeback? Even the stature of gold hasn’t fallen as low as this once-mighty commodity, whose role in the development of modern industrial society remains virtually unchal…
Higher prices, lower costs turn oil sands into gravy train
For companies developing Alberta’s oil sands, the numbers just keep getting better: cash costs are down 50% from a decade ago; oil prices have doubled in the past two years; and demand for new sources…
News – 12-MAR-01 (March 12, 2001)
Regional Infrastructure Working Group, Athabasca Oil
Olympus Pacific hits hot holes at Phuoc Son project
Vancouver — After a short drilling hiatus, in observance of the Vietnamese new year (Tet), Olympus Pacific Minerals (OYM-V) is back drilling at the Phuoc Son joint venture in the country’s central re…
Finnish precious metal projects lure explorers
Given the interest in exploration for platinum group metals (PGMs) in northern Ontario and its long history of gold production, it is surprising that more explorers are not targeting projects in Finla…
GoldenTemple adds to holdings in Mexico
As part of a strategy to focus on emerging mineral districts, Golden Temple Mining (GTM-V) has acquired two new properties in Mexico. One is in an emerging zinc district; the other covers a new discov…
Orogrande tests Burnt Pond
In a small drilling program, junior Orogrande Resources (org-v) is testing the Burnt Pond massive sulphide property in north-central Newfoundland.The 7.25-sq.-km property, which lies 35 km east of the…
Gold reverses recent gains
Denver — The Dow Jones industrial average weakened slightly to 10,591.22, to finish the Feb. 28-March 6 report period down 45.66 points, or 0.4%, while gold gave up most of the previous week’s gains….
Canadian gold output rises
In December 2000, Canada’s production of gold, silver, primary copper, primary lead, asbestos and salt increased over levels reported for the last month of 1999.The increase is reported in Production …
Resource at Wallaby grows
Drilling beneath the Wallaby gold deposit at the Granny Smith mine in Western Australia has added 2.1 million oz., bringing the total resource of the deposit to 7.1 million contained ounces.Granny Smi…