Newmont trumps bid by AngloGold
The takeover battle for Normandy Mining (NDY-T) has entered a new round, with Newmont Mining (NEM-N) countering AngloGold’s (AU-N) latest bid by offering twice as much cash.Newmont is now of…
News
Aur gets Duck Pond base metal project
In a deal valued at $6 million, Aur Resources (AUR-T) is taking over the Duck Pond base metal project in Newfoundland from partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T).
Altius, Barrick seek Carlin-type deposits
Vancouver — Altius Minerals (ALS-V) and Barrick Gold (ABX-T) are jointly exploring Newfoundland’s Botwood Basin for Carlin-type deposits.Barrick stands to earn a 75% interest in six properties by fun…
Wallbridge adds to Sudbury stable (December 17, 2001)
Having acquired a licence to explore 8.4 sq. km of land near Windy Lake, northwest of Sudbury, Ont., Wallbridge Mining (WM-T) plans to spend $2.3 million on exploration this winter.The renewable licen…
LME Warehouse Levels (December 17, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 11/01 (change from Dec. 4 in brackets):MetalStock (tonnes)ChangeAluminium760150(…
Aurora Platinum options Anglier property (December 17, 2001)
Vancouver — Junior Aurora Platinum (ARP-V) has acquired Paramount Ventures & Finance’s (PVF-V) remaining interest in the Anglier platinum-palladium property in Quebec.The 16-sq.-km Anglier property i…
Exchange Rates (December 17, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 11Dec. 10Dec. 7Dec. 6Dec. 5US$ in C$1.57781.57831.57241.5767…
Partners eye Coronation
Northern Abitibi Mining (NAI-V) and Tyler Resources (TYS-V) have inked a deal to acquire a joint 65% interest a 460-sq.-km diamond prospect in the Coronation Gulf district of Nunavut.Under the agreeme…
Tahera pulls more stones from Anuri East
More diamonds are reported for the Rockinghorse property in Nunavut, following caustic fusion analysis of 51.4 kg of drill core from the Anuri East kimberlite.In all, Tahera (TAH-T) recovered 50 micro…
News – 17-DEC-01
BC gov’t misinformed
The government of British Columbia’s proposal to eliminate the vital functions of the British Columbia Geological Survey Branch or to farm these out, greatly reduced, to independent contractors was ad…
Paul Coad
Paul Coad, a geologist known for his contributions to the Porcupine base metals mine near Timmins, Ont., has died. He was 51.In 1974, Coad graduated from the University of Western Ontario with a bache…