Goldcorp buys into Madison
Vancouver — Cash-rich Goldcorp (G-T) has taken a 6.9% equity stake in junior Madison Enterprises (MNP-V).Through a private-placement, the Red Lake gold producer purchased 5 million units of Madison a…
News
Amerigo prepares spring budget
Once the snow melts, Amerigo Resources (ARG-T) will renew its search for iron oxide copper-gold deposits in the Sault Ste. Marie region of northwestern Ontario.At the Coppercorp property, Amerigo will…
First McAra holes find stringer sulphides
Three drill holes at the McAra property in the southern Abitibi belt in Ontario have intersected stringer-form pyrite and pyrrhotite.Owner Mustang Minerals (YMU-V) is testing a series of drill targets…
Securities session at PDAC
David Brown, chairman of the Ontario Securities Commission, will be among the speakers at a 3-hour session on securities regulations at the annual convention of the Prospectors & Developers Associatio…
New budget threatens investment: MAC
The elimination of the resource allowance, announced by Finance Minister John Manley in his budget in mid-February, threatens mining investment in this country, according to the Mining Association of …
Kirkland suspends Macassa (March 10, 2003)
The failure of a pillar between an ore pass and shaft 3 has forced Kirkland Lake Gold (KGI-V) to suspend production at the Macassa mine, west of Kirkland Lake, Ont.A seismic event caused damage to a 6…
Small is beautiful for Avalon
A new scoping study of Avalon Ventures’ (AVL-V) Separation Rapids lithium-silicate project in northwestern Ontario recommends construction of a mill only half as big as previously planned.The updated …
Canadian Stock Exchange Indices (March 10, 2003)
DateMarch 4March 3Feb. 28Feb. 27Feb. 26HighLowTSX Compo…
Queenston intensifies work in Ontario and Quebec
With three drills turning on its projects in northeastern Ontario and northwestern Quebec, this winter is shaping up to be a busy one for Queenston Mining (QMI-T).The company recently completed a 6-ho…
Cornerstone spreads risk, saves cash by joint venturing
For many juniors, keeping the treasury topped up while funding exploration on projects is difficult. One way a company can achieve this is through joint ventures, whereby a partner earns an interest i…
Croinor deposit grows
A slew of new drill results and an ongoing campaign are keeping South-Malartic Exploration (MSU-V) as determined as ever as to advance the venerable Croinor gold deposit to production.Situated 70 km e…
Tanzania: a miner’s elephant country
Better known for red-cloaked Masai tribesmen and big game safaris, the United Republic of Tanzania is actually a phenomenally mineral-rich land.Formerly known as British East Africa, and German East A…