Anaconda drills at Pine Cove
Drilling is under way at the Pine Cove project near Baie Verte, Nfld., where Anaconda Gold (ANX-V) is earning a 60% interest from New Island Resources (NIS-V).The partners plan to drill 1,500 metres o…
News
Manhattan dealt Tambo Grande blow (December 22, 2003)
Vancouver — The long road to developing the Tambo Grande massive sulphide property may have been dealt a final blow now that government-run Centromin Peru has terminated Manhattan Minerals’ (MAN-T) o…
Limousine Butte drilling turns up gold
Vancouver — Nevada Pacific Gold (NPG-V) reports impressive assay results from the first two holes drilled on its wholly owned Limousine Butte project, in Nevada’s White Pine Cty.The initial holes in …
Stealth moves ahead at Toodoggone
Vancouver — Stealth Minerals (SML-V) is exploring its land position in the Toodoggone region of north-central British Columbia.In the past year, the junior made three discoveries in the Toodoggone re…
Partners cut gold at Banderas (December 22, 2003)
Vancouver — Partners PilaGold (PRI-V) and Radius Explorations (RDU-V) intersected gold mineralization in all the 10 holes drilled recently at the Banderas project in eastern Guatemala.Eight of the ho…
Quebec’s Metanor makes trading debut
It’s that time in the gold cycle when IPOs start to sprout up. This month, Metanor Resources (MTO-V), a junior gold explorer in Quebec, is making its first appearance on the TSX Venture Exchange.Based…
Alcan secures Pechiney
With Alcan’s (AL-T) 4-billion-euro takeover bid for France’s Pechiney expiring, the Canadian aluminum giant reports that, so far, 92.21% of the fully diluted shares have been tendered.The results are …
Northern Miner Indices (December 22, 2003)
CompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM-N24.1%NorandaNRD-T5.0%P…
Better technology, better economy
A report from the Australian Bureau of Agricultural and Resource Economics (ABARE) provides powerful support for the recommendations of three government studies that called for greater investment in r…
LME Warehouse Levels (December 22, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 16 (change from Dec. 9 in brackets):MetalStock(tonnes)ChangeAluminium1396250(-50…
Richmont to buy McWatters’ East Amphi (December 22, 2003)
Montreal-based Richmont Mines (RIC-T) will acquire the East Amphi and Fourax properties from embattled McWatters Mining (MWA-T) in return for $7 million in cash. The properties are near Malartic in no…
Eldorado tests prospects in Turkey
Preliminary drilling in the Biga Peninsula of western Turkey has returned mixed results for Eldorado Gold (ELD-T).The reverse-circulation (RC) program focused on two showings: Keditasi and Yatiktas. B…