Monopros cuts new AK-CJ kimberlite
Drilling at the AK-CJ diamond property in Canada’s Northwest Territories has cut a new kimberlite body while expanding the limits of the Hearne pipe, reports Mountain Province Mining (MPV-T) and Camph…
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Wheaton River moves Bellavista closer to production
A brief rally in gold combined with the anticipated go-ahead from the Costa Rican government should enable Wheaton River Minerals (WRM-T) to make a production decision at its Bellavista gold project i…
Continuity confirmed at Luicho project
A combination of underground and cliff rock chip-sampling by Pacific Rim Mining (PFG-T) has confirmed the lateral and vertical continuity of mineralization on the Luicho gold project in southern Peru….
Golden Phoenix finishes resource study
American junior Golden Phoenix Minerals (GPXM-Q) has completed its sixth and final resource study at the Borealis gold-silver property in Nevada’s Mineral Cty.At Northeast Ridge, which is part of the …
EXCHANGE RATES (May 29, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 23May 22May 19May 18May 17…
Eldorado keen on advancing Kisladag
With its site selection permit approved and government support secured, Eldorado Gold (ELD-T) is accelerating its development of the Kisladag porphyry gold deposit, 40 km southwest of this town in wes…
Boliden base metal camp proves its durability
The company that sprung from the Fagelmyren swamp near the Skellefte River in 1924 still mines base metals in the camp that grew around its first ore deposit.Five mines are operated by Boliden (BOL-T)…
Despinassy drilling suggests long shear zone
Winter drilling at the Despinassy property, 80 km northeast of Val d’Or, Que., suggests the presence of a large deformation corridor with multiple zones of mineralization.A 24-hole, 8,700-metre drill …
Demand strong for most base metals
Rallies in aluminum, nickel, zinc and copper took base metal prices back to the top of their recent trading ranges during the report period May 15-19.Although prices fell back during the latter part o…
Quiruvilca drives Pan American in first quarter
Higher production at its Quiruvilca silver mine in northern Peru combined with lower exploration expenditures enabled Pan American Silver (PAA-T) to reduce the size of its net loss in the first quarte…
Spot Prices Wed. May 24, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$273.90-$0.95Silver$ 4.98-$0.06…
NEWS ROUNDUP (May 29, 2000)
Globex Mining Enterprises (GMX-T) has acquired a 100% interest in a nickel-platinum group metals property in La Motte Twp., 20 km north of Malartic, Que.The property includes the Bilson-Cubric nickel …