Ashanti takes writedown
Denver — Despite higher revenue and record gold production, Ashanti Goldfields (ASL-N) posted a net loss (after exceptional items) for 2000.The low gold price forced the Ghana-based company to reduce…
News
Rubicon hits more gold at McCuaig
Vancouver — Rubicon Minerals (RMX-V) has cut a new gold-bearing structure at the McCuaig project in Red Lake, Ont.Company geologists describe the mineralized zone as a sulphide-bearing silicified and…
NAME CHANGES (March 19, 2001)
Econ Ventures Ltd. (EOV-V) has changed its name to Richcor Res. Ltd. (RRS-V) on a 1-new-for-10-old-share basis.Augusta Metals Inc. (AUU-V) has changed its name to Cybercom Systems I…
Santiago to host geochemical symposium
Chile will host the International Geochemical Exploration Symposium (IEGS) in early May, marking the first time the meeting has been held in the country.Among the topics to be covered are: geochemical…
Barrick returns to Archean roots at Buly
Bulyanhulu District, Tanzania — Even with scorched red soil and unmistakably African vegetation, it isn’t difficult to imagine the Lake Victoria gold camp as a southern cousin to Canada’s famous Abit…
Anatolia cuts gold grades
Denver — Assays from the first five holes drilled at the Cukurdere copper-gold target in eastern Turkey have returned impressive gold grades.Partners Anatolia Minerals Development (YMC.U-V) and Rio T…
Juniors target ‘Sullivan’ projects
The search for the next Sullivan mine in British Columbia’s Purcell Basin has been frustrating and fruitless for most juniors, but three companies headed by Richard Hughes intend to give it another sh…
Partners have high hopes for Hope Bay gold project
The Hope Bay gold project in Nunavut represents one of the premier exploration projects in all of North America.Partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) control an entire 80-km-long g…
Philippines eyes exploration revival
Vancouver — The discovery of an exciting new gold-rich copper porphyry system, combined with the expansion of several known deposits, is attracting attention to the Philippines.Situated in the Ring o…
Teck drops option on Cerro Samenta
Following a 4-hole drilling program on the Cerro Samenta property in northwestern Argentina, Teck (TEK-T) has handed the property back to Mansfield Minerals (MDR-V).Teck tested a newly discovered zone…
Virginia eyes Bathurst target
Having discovered four base metal showings in the James Bay region of Quebec, junior Virginia Gold Mines (VIA-M) is gearing up for a program of geophysics and trenching.Channel and grab samples yielde…
BHP inks deal with Rio
Vancouver — A subsidiary of Australia’s largest mining house has inked a deal with junior Southern Rio Resources (SNZ-V) to earn up to a 70% stake in the Santo Thomas copper-gold-molybdenum porphyry …