Int’l Northair cashes up for exploration
One of the few juniors still banging on rocks in Mexico is International Northair Mines (INM-V).The company raised $250,000 this summer for further exploration through the sale of 1.4 million units pr…
News
Grupo Mexico subsidiary takes credit hit
Bond rating house Fitch IBCA has downgraded the credit rating of Grupo Minera Mexico, the major domestic operating subsidiary of Grupo Mexico.Minera Mexico, which is the direct owner of Grupo’s Canane…
Santoy, Fairfield test copper-platinum-palladium play
Platinum and palladium are not typically associated with Mexico, but that hasn’t swayed Santoy Resources (SAN-V) and Fairfield Minerals (FFD-T) from searching for the metals at their Tropico project o…
New drilling at La Bolsa
Fischer-Watt Gold (FWGO-O) has contracted for a new drill program at the La Balsa project in Michoacan state, to provide data for a full feasibility study.The company’s prefeasibility study on La Bals…
Western Copper flies solo at Penasquito silver project
Vancouver — With the San Nicholas project on simmer, owing to low zinc prices, Western Copper Holdings (WTC-T) is turning up the heat on the nearby Penasquito silver deposit in Mexico’s Zacatecas sta…
BacTech uses bioleaching to crank out copper cathodes
Vancouver — BacTech Enviromet (YBA-V) and its partners, Industrias Penoles of Mexico and Mintek of South Africa, have produced the first commercial-sized copper cathodes from copper concentrate usin…
Gammon Lake advances Ocampo to feasibility
Having wrapped up an extensive drilling campaign at its Ocampo gold-silver project in Mexico earlier this year, Gammon Lake Resources (GAM-T) is raising more funds and setting its sights on completing…
Eastmain hits sulphides
Drilling by Eastmain Resources (ER-T) at the Railroad property near Bathurst, N.B., has intersected some thin, but extremely high-grade zones of massive sulphides.Six holes were drilled on the Railroa…
Greenland drilling uncovers kimberlite dyke
Joint-venture partners Citation Resources (CUE-V), Cantex Mine Development (CD-V) and BHP Billiton (BHP-N) wrapped up a field season in western Greenland by testing seven targets with 1,000 met…
Teck Cominco braces for recession (October 15, 2001)
Vancouver — Plunging base metal prices have prompted Teck Cominco (TEK-T) to reduce the carrying value of non-operating properties by $154 million and take other non-cash charges of $15 million.The m…
RJK, GLR pull values at Stares
RJK Explorations (RJX.A-V) and GLR Resources (GRS-T) have intersected base metal sulphide mineralization in two holes on their jointly held Stares property, 50 km west of Thunder Bay, Ont.The holes te…
Legris gets another look
A 1,000-metre drill program is testing for mineralized extentions at the Legris Lake polymetallic project near Thunder Bay, Ont.The property is split evenly between Avalon Ventures (AVL-V) and Starcor…