Mineral ‘orphanage’ grows in Central America
They’re the orphans of Central America: mineral deposits that were on the verge of development, or in production, when low metal prices forced their owners to abandon them. While the failure of Greens…
News
Sinking TVX awaits Greek court decision
Gold prices twisted and turned over the holiday-shortened April 10-17 report period, closing up $1.65 for a London morning fix of US$260.10 per oz. on April 18.The biggest mover among Canada’s gold ma…
Corriente intensifies search in Ecuador
Vancouver — Over the past year, Corriente Resources (CTQ-T) and its partner, American geologist David Lowell, have completed 15,000 metres drilling on four properties in the Corriente copper belt in …
Kennecott expands Rocky Island JV
Results from regional and follow-up till sampling on the Rocky Island Lake joint venture in north-central Ontario have prompted Kennecott Canada Exploration to stake more than 400 sq. km of additional…
Playfair Mining assesses San Miguel
An ongoing soil survey at the San Miguel property in Mexico’s San Luis Potasi state is whetting the appetite of Playfair Mining (PLY-V).All but one of the 103 samples taken to date exceeded 5,000 part…
Mining key to Dominican Republic’s reconstruction
Denver — The election of Hipolito Mejia as president of the Dominican Republic May 2000 seems to be having a positive effect on the country’s mining industry.The government recently created an agency…
Candente adds copper project to Peruvian portfolio
Candente Resource (DNT-V), a Vancouver-based junior focused on grassroots mineral exploration in Peru, has acquired the rights to a 100% interest in the Canariaco copper property in return for US$75,0…
NEWS ROUNDUP (April 23, 2001)
GeoNova gains Bachelor Lake mineUnder the terms of a previously announced agreement, GeoNova Explorations (GNE-M) has acquired the Bachelor Lake gold-mining complex and related assets in northwestern …
Spring surge rallies CDNX
Vancouver — Led by a 6.7% gain in the oil-and-gas sector, all four indices on Canada’s junior exchange finished the week ended April 17 in positive territory. The Canadian Venture Exchange composite …
Black Hawk eliminates debt
Black Hawk Mining (BHK-T) has liquidated its put options to repay a debt owed to Standard Bank. The miner had the right to sell 81,000 oz. at US$261 per oz.The puts were bought in early 2000 to cover …
Gammon Lake drills Belen structure at Ocampo
Halifax-based Gammon Lake Resources (GAM-T) will perform underground exploration drilling on the Belen structure at its Ocampo gold-silver property in Mexico’s Chihuahua state.Belen is an extension of…
South Atlantic sells Coromandel
Vancouver-based South Atlantic Resources (SCQ-V) has sold its Coromandel diamond project to Black Swan Resources (BSW-T) for US$1.4 million, payable over four years.Black Swan has other alluvial diamo…