Chesbar eyes Buena Vista (April 15, 2002)
Chesbar Resources (CBI-T) has inked a deal with joint-venture partner Intrepid Minerals (IAU-V) to boost its stake in Guatemalan-based Minera Mayamerica to 100% from 70%.Mayamerica holds six licences …
News
Drilling expands La Fortuna (April 15, 2002)
Drilling on Metallica Resources’ (MR-T) El Morro copper-gold project in Chile has extended the main La Fortuna deposit north and northwest.Hole 30 cut 111 metres (from 184 metres below surface) of sec…
Guyana pursues placement
Guyana Goldfields (YGI-V) will attempt to raise $400,000 by way of a brokered private placement.The placement comprises 1 million units priced at 40 each. A unit consists of a share and half a warran…
Newmont joins
Newmont Mining (NEM-N) has agreed to acquire up to a 75% stake in Wolfden Resources’ (YWO-V) Skinner gold property in Ontario’s Red Lake mining district.Newmont can initially earn a 65% interest in th…
Lending Rates (April 15, 2002)
as of 4 pm ET, Apr. 9, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.97LIBOR US$ 6-month2.23LIBOR US$ 1-year2.97Gold lease 3-month0.48Gold lease…
NAME CHANGES (April 15, 2002)
Kenrich Mining (KRC-V) has changed its name to Kenrich-Eskay Mining (KRE-V) on a 1-new-for-3-old-share basis.
Drilling a bust at Mackay Lake
Drilling by ATW Resources on the Mackay Lake property in the Northwest Territories has failed to find the source of a prominent indicator mineral dispersion train which has been traced over 25 km.No k…
Kennecott expands potential of Anuri
The first hole of a spring drilling campaign on the Rockinghorse property in Nunavut has expanded the tonnage potential of the highly diamondiferous Anuri pipe. The project is in the Coronation Gulf d…
Eldorado Gold eyes production in Turkey
Open-pit mining, heap leaching planned for KisladagVancouver — With its debt now under control and production expected to rise from the Sao Bento mine in Brazil, Eldorado Gold (ELD-T) intends to spee…
Brancote positions Meridian for growth
Convinced that the high-grade Esquel project in Argentina has the potential to be a company-maker like its El Peon mine in Chile, Meridian Gold (MNG-T) has agreed to merge with Brancote Holdings, a L…
Cacamuya back on First Point’s radar screen (April 15, 2002)
Vancouver — Early signs of a potential gold rally have prompted First Point Minerals (FPX-V) to shift its focus from platinum-palladium exploration in Ontario back to the Cacamuya epithermal project …
Eastfield bullish on Lorraine
Vancouver — Eastfield Resources (ETF-V) has tabled encouraging results from two more holes drilled on the Lorraine copper-gold property near Prince George, B.C.The latest bout of drilling was aimed a…