Tri Origin resumes hunt
Junior Tri Origin Exploration (TOE-T) has raised $150,000 by issuing 1 million flow-through shares. Consequently, its outstanding shares have increased to 14.8 million.Proceeds are earmarked for diamo…
News
Rate cut can’t stop slide
Denver — The sudden interest rate cut by the U.S. Federal Reserve put a charge into the market on Jan. 3, only to see record-setting gains evaporate. The market finished the report period ended Jan. …
Eldorado tables Kisladag study
Vancouver — In the aftermath of a 16,000-metre drilling effort, Eldorado Gold (ELD-T) has tabled a scoping study that envisions a 10-year mine life for the promising Kisladag gold property in western…
CDNX posts gains on all fronts
Vancouver — With the mining index leading the way, Canada’s junior exchange posted gains on all indices during the report period ended Jan. 9. The Canadian Venture Exchange composite index tacked on …
Placer options Peruvian gold target
Denver — Placer Dome can acquire a majority interest in the Santa Rosa gold property in southern Peru from Vancouver-based Andean American Mining (AAG-V).Under an option agreement, Placer can earn an…
Summo confirms Doctor mineralization
Preliminary drilling by Summo Minerals (SMA-T) has confirmed the presence of zinc mineralization at the former producing Doctor mine in Gunnison Cty., Colo.Between 1900 and 1938, Doctor cranked out 75…
Letter to the editor: TNM ‘dismissive’ of global warming
I am amazed that The Northern Miner continues to be adamantly dismissive of the concept of global warming as shown in several recent editorials.Publications as varied as the Manchester-based Guardian …
Avalon encounters tantalum at Lilypad
Avalon Ventures (AVL-V) and privately held partner Global Canada have released encouraging results from an 8-hole, 1,094-metre program of diamond drilling on the Lilypad Lakes tantalum project, near P…
Markets nosedive into new year
Stock trading on the first business day of 2001 was decidedly rocky, as fear of a slowdown in the U.S. economy spread north of the border and took its toll on markets here.The bellwether Toronto Stock…
Cambior granted extension
Key lenders to Cambior (CBJ-T) have granted the company a 2-week extension for the completion of its financial restructuring plan, giving the company more time to arrange and consolidate its debt.Camb…
Partners test Birch Lake zones
Partners Wolfden Resources (YWO-V) and Jonpol Explorations (JON-T) have begun exploring the Birch Lake polymetallic property in Ontario’s revitalized Red Lake mining district.Geophysical surveys and d…
CDNX starts year on right footing
Vancouver — Canada’s junior exchange fared well over the holiday-shortened report period ended Jan. 2. The Canadian Venture Exchange composite index tacked on 126.5 points, or 4.5%, and finished the …