Freegold cuts high-grade
Denver — A one-hole diamond drilling program at the Golden Summit project in Alaska’s Fairbanks district has intercepted a new zone of high-grade gold mineralization.International Freegold Mineral De…
News
Junior hits mineralization
Four drill holes intersected gold mineralization in a 9-hole drill program conducted by Western Troy Capital Resources (WRY-C) in Menary Twp. in northwestern Ontario.The program tested a series of tar…
Exall retains Glimmer stake
An out-of-court settlement between Exall Resources (EXL-T) and Glimmer Resources (GME-V) has resolved the ownership battle for the Glimmer gold mine, east of Matheson, Ont.Exall will retain a 52% owne…
CDNX slides further into bear country (November 27, 2000)
Canada’s junior exchange continued its month-long skid, as all indices remained in negative territory during the report period Nov. 15-21. The Canadian Venture Exchange composite index plunged 133.62 …
East Malarctic posts higher earnings
East Malartic Mines’ gold operation, 50 miles east of Rouyn-Noranda, Que., is completing its most profitable year since 1942.Profits for the first 10 months of 1950 were $186,332, compared with earnin…
Ecuadorian posts resource
Denver — Following completion of a second round of drilling, Ecuadorian Minerals (EMC-T) has reported a new resource at its Beroen gold-silver project in Ecuador.The 27 holes recently drilled bring t…
Exchange Rates (November 27, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 21Nov. 20Nov. 17Nov. 16Nov. 15US$ in C$1.55471.55891.55931.5…
Aquest abandons Anabella
Disappointing drill results on the Anabella gold-antimony project in Guatemala have led Aquest Minerals to cancel its option agreement.The junior says the project does not contain enough ounces to jus…
Canabrava replenishes till
A private placement will enable Canabrava Diamond (CNB-V) to buy new properties and finance ongoing exploration at existing ones.Four million units will be issued at 50 apiece. A unit consists of one…
Lower sales sink Freeport in third quarter
Denver — Lower sales volumes resulted in a third quarter loss for Freeport-McMoRan Copper & Gold (FCX-N). The major incurred a net loss of US$9.2 million (or 6 per share) in the 3-month period ended…
Reporting social standards
A global survey by KPMG suggests that mining companies are making good progress in their efforts to become more accountable to external stakeholders, including non-governmental organizations (NGOs).Th…
Northern gold explorers focus on adding bulk
Size matters, especially with regard to gold projects in the Far North. As the yellow metal continues to languish below US$275 per oz., gold explorers in this high-cost environment are focusing on add…