News Roundup (October 23, 2000)
Southern Rio explores Santo TomasSouthern Rio Resources (SNZ-V) has launched a geophysical exploration program at its Santo Tomas copper prospect in northern Chile, 160 km southeast of the port of Iqu…
News
Wheaton River benefits from higher output
Higher throughput rates and head grades propelled Wheaton River Minerals (WRM-T) to new heights during the 9-month period ended Sept. 30.Net earnings for the period topped a record $12.4 million (25 …
Aurora adds ground in Quebec
With a 14-hole drill program under way at its Midrim platinum property, near Temiscaming, Que., Aurora Platinum (ARP-V) has inked a deal to earn a 70% stake in the adjoining Belleterre property.Compri…
Barrick eyes Minaspata property
Targeting a large high-sulphidation gold system, Barrick Gold (ABX-T) has inked a letter of intent with equal partners Cambior (CBJ-T) and Southwestern Gold (SWG-T) to earn a 51% stake in the M…
Luicho drill results clobber Pacific Rim
Results from the first 19 holes drilled on the highly touted Luicho prospect in southern Peru indicate that the gold mineralization is confined to only a portion of the upper sandstone unit in the Cen…
Valerie to drill Tajos de Oro project
Limited drilling is planned for Tajos de Oro, a gold-silver property near Nayarit, Mexico, under investigation by Valerie Gold Resources (VLG-V).As part of a first-phase due-diligence program, Valerie…
PD rides copper wave
Stronger copper prices and fewer taxes enabled Phelps Dodge (PD-N) to more than double its profits in the third quarter.Net earnings in the three months ended Sept. 30 topped US$39.3 million (or US50…
Eaglecrest to extract bulk samples from San Simon
The presence of free, coarse-grained gold and difficulties related to the estimation of resources and reserves have prompted Eaglecrest Explorations (EEL-V) to extract large bulk samples from the San …
Gitennes faces legal hurdle at Virgen
A dispute between Cambior (CBJ-T) and the original owners of the Virgen gold property in Peru has created a stumbling block for Gitennes Exploration (GIT-T).In February, Cambior terminated its option …
Corriente hot on Mirador property
Recent drilling by Corriente Resources (CTQ-T) suggests that the Mirador project in Ecuador may represent a large copper-gold porphyry system with strong primary copper grades and a significant gold c…
Anaconda awaits scoping study for Magistral project
Anaconda Peru has completed the final four holes of a 26-hole, 8,500-metre drill program at the Magistral copper-molybdenum porphyry/skarn deposit, held by Inca Pacific Resources (IP-V).With this year…
Glamis operates low-cost producer
Mining and processing are under way at Glamis Gold’s (GLG-T) San Martin heap-leach mine in southern Honduras.Situated 80 km north of Tegucigalpa, San Martin is the first mine to enter production under…