Summo steps up work Down Under
Denver — Upon completing its acquisition of 48% of Australia’s Matrix Metals, Summo Minerals (SMA-T) has begun drilling at the Mt. Watson copper target in northwestern Queensland.The Denver-based com…
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Diversified Thundelarra explores Western Australia
Vancouver — Junior Thundelarra Exploration (TLX-V) has amassed an extensive portfolio of properties in Western Australia, including targets for diamonds, platinum and palladium, base metals and gold….
Ivanhoe spreads wings from Monywa
To boldly go where no mining company has gone before is a way of life for Ivanhoe Mines (IVN-T). The company was the first to take on a major mining project in the reclusive nation of Myanmar (formerl…
Anzex drills Woodlawn
Vancouver-based Anzex Resources (AZX-V) has completed two holes of a 4-hole drilling program at its Woodlawn platinum prospect in Southland, New Zealand.Assay results are pending, though the company s…
Workers perish at Stillwater, Galena mines
Denver — An underground contract worker for Thyssen Mining Construction was killed at Stillwater Mining’s platinum-palladium mine in southwestern Montana.The miner was struck by underground mining eq…
Placer renews Madsen drilling (June 25, 2001)
Preliminary drilling by Placer Dome (PDG-T) has intersected a possible extension to the high-grade No. 8 zone at the historic Madsen mine, in northwestern Ontario.Four stratigraphic holes tested 975 m…
Province sinks Sydney Steel
The government of Nova Scotia expects to receive $9-14 million by selling off the remaining assets of Sydney Steel. However, the cost of tearing down the facilities in Sydney, N.S., and flattening the…
Snap Lake underground mine takes shape under De Beers
Snap lake, N.W.T. — The Canadian North comprises a vast region of lakes, rivers, Arctic tundra and, more recently, diamonds. With one mine already established and three others scheduled to come on-st…
Falco advances nickel projects
While dry laterite projects in Australia and elsewhere are generating the most news these days, laterite deposits amenable to traditional pyrometallurgical processing techniques are making a comeback …
Int’l Annax hot on Dairi
Vancouver — In North Sumatra, Indonesia, International Annex Ventures (IAX-V) is busy expanding its Anjing Hitam (“Black Dog”) zinc-lead deposit.The high-grade, sedimentary-exhalative massive sulphid…
News – 25-JUN-01 (June 25, 2001)
Guidelines too little, too late
Up until a year ago, Mary Meeker was the highest-rated technology analyst in America, the “Queen of the Internet,” and Wall Street’s number-one cheerleader for the “new economy.” While the good times …