Madison revs drills
Vancouver-based Madison Enterprises (MNP-V) is gearing up for more exploration at the Mt. Kare gold-silver project in Papua New Guinea and the Lewis gold property in Nevada.At Mt. Kare, Madison is pre…
News
Seabridge aims to expand Courageous Lake project
Summer drilling by Seabridge Gold (SEA-V) will test four main targets identified last year at the Courageous Lake project in the Northwest Territories.The company’s wholly owned project covers 53 km o…
South Atlantic buys Zinkgruvan mine
Vancouver — South Atlantic Ventures (SAA-V) has inked a deal with Rio Tinto (RTP-N) to buy the Zinkgruvan mine in southern Sweden.One of the largest underground mines in Europe, Zinkgruvan has been p…
Amera aims drills at Mogote deposit
A first phase of drilling is under way at the Mogote copper-gold project in Argentina’s San Juan province. Amera Resources (AMS-V), which holds rights to earn a 51% interest in Mogote from IMA Explora…
Daily Metal Prices (March 15, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 9March 8March 5March 4March 3Al Alloy1550/158…
ValGold hits high grade at Tower Mountain (March 15, 2004)
Drilling by ValGold Resources (VAL-T) has returned high-grade intersections from the Tower Mountain gold project, near Thunder Bay, Ont.VanGold reported results from three of 10 holes completed in the…
Denison shareholders OK fission
Shareholders have voted in favour of a plan of arrangement that would see Denison Energy (DEN-T) split into three separate companies engaged in mining, hydrocarbons, and oilfield services.The proposed…
The Northern Miner Indices (March 15, 2004)
North American Mining: 108.07 (-3.08)Small Producers: 128.76 (+5.73)(Sept. 30/98 = 100)…
Exchange Rates (March 15, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 9March 8March 5March 4March 3US$ in C$1.31901.32291.31861.3…
Miramar gains time for northern projects
A newly amended option agreement gives Miramar Mining (MAE-T) more time to explore the George and Goose Lake gold projects in Nunavut.Last fall, Miramar signed a letter agreement with Kinross Gold (K-…
Drill results excite junior market
It was a good five trading days for the venture capital market, as the S&P TSX Venture composite index finished the reporting period March 3-9 with a 25.81-point gain, closing at 1,924.90.Intrepid Min…
Gold recovers as uranium miners heat up
The Toronto Stock Exchange’s gold index rode a climbing gold price 8.34 points higher to finish at 218.13 points during the March 3-9 report period. The yellow metal regained lost ground, and then som…