El Tesoro mine aims for spring startup
Beginning in May, London-listed Antofagasta expects to produce 75,000 tonnes of cathode copper per year at the newly completed El Tesoro heap-leach mine. Antofagasta holds a 61% interest in the US$296…
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LME Warehouse Levels (April 23, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 17/01 (change from April 10 in brackets):MetalStock (tonnes)ChangeAluminium…
Dow, gold continue climb
Denver — The Dow Jones industrial average climbed 113.99 points, or 1.1%, during the holiday-shortened report period April 11-17 to close at 10,216.73.Comex spot gold on the New York Mercantile Excha…
Hunter-Dickinson options Ontario property
The Hunter-Dickinson group has entered into an option agreement for a nickel/platinum-group-metal (PGM) prospect near Beardmore, Ont. The 167-claim Eva-Kitto property is held 50-50 by East West Resour…
Drilling buoys Geomaque
The final three holes of a 15-hole drill program are keeping Geomaque (GEO-T) optimistic at its Marathon palladium project in northern Ontario.The Toronto-based junior sank 3,000 metres to delineate a…
Trans Hex trenches Barra Grande
Toronto-based Trans Hex International (THI-V) will continue developing the Barra Grande diamond project in Brazil’s Minas Gerais state with the aid of US$1 million in financing from its South African …
Rockwell starts drilling at Pedra Branca
Vancouver — Rockwell Ventures (RCW-V) and its Denver-based partner, Solitario Resources (SLR-T), have commenced drilling at the Pedra Branca platinum-palladium-rhodium project in northeastern Brazil….
Anglo American sizes up Arex deposit in Brazil
Anglo American (AAUK-Q) has tabled an independent resource estimate for the Arex deposit in Brazil’s Mato Grosso del Norte state.Based on 74 drill holes, consultant ACA Howe International estimates th…
Golden Temple encouraged at Yagul project in Mexico
Initial exploration by Golden Temple Mining (GTM-V) has confirmed the potential for stratiform copper and Mississippi Valley-type lead-zinc mineralization at the Yagul property, in the Monclava distri…
Campbell writedowns dent bottom line
Continued low gold prices, suspension of mining operations at the Joe Mann underground gold mine in northern Quebec and writedowns totalling $45.7 million all resulted in a considerable loss for Campb…
Ghana’s gold loses lustre as neighbours gain ground
Denver — Ghana’s status as a leading gold producer is being eclipsed by Tanzania, Guinea and Mali, according to a report in The Accra Mail, a private bi-weekly newspaper.Gold production in the West A…
Queenston stakes gold prospect
Queenston Mining (QMI-T) has staked a 120-sq.-km claim block on the northwestern portion of Lake Abitibi in northeastern Ontario.The claims, situated in Steele, Purvis, Bowyer and Galna twps., cover a…