Miners rally on economic news
Weaker-than-expected U.S. employment news sent the price of gold up, while the Dow Jones industrial average climbed 208.44 points, or 1.9%, to 10,735.57, during the report period ended June 6.Continue…
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Miramar, Cambiex hot on Hope Bay’s potential
Having acquired the entire Hope Bay greenstone belt, 685 km northeast of here, in Nunavut, equal partners Miramar Mining (MAE-T) and Cambiex Exploration (CBX-T) are setting their sites on developing t…
Barrick reclaims historic Bullfrog mine
Recently, the Nevada Mining Association (NvMA) led local dignitaries on a tour of the depleted Bullfrog gold mine, near Beatty, about 200 km northwest of Las Vegas, to show how Barrick Gold (ABX-T) is…
Independent evaluation calls Wayside estimates into question
An independent evaluation of a potential bulk-tonnage target in the Cow Mountain area of the Cariboo gold property, near Wells, B.C., not only concludes that the mineral inventory is about half as lar…
Drilling by Great Basin boosts Ivanhoe
With five rigs turning on its wholly owned Ivanhoe project in Nevada, Great Basin Gold (GBG-V) continues to hit bonanza-grade gold mineralization underneath the previous discovered Hollister resource….
Name Changes
Diamond International Industries (DMD-V) has changed its name to Vault Systems (VSY-V) on a 1-new-for-8-old-share basis.
NAME CHANGES (June 12, 2000)
Cugold Ventures (CVN-V) has changed its name to Firestone Ventures (FV-V) on a 1-new-for-3-old-share basis.
Fool’s folly
Last year, Zimbabwe’s defence minister, Moven Mahachi, described military involvement in mining ventures as “a noble option” that would allow his government and the government of the Democratic Republ…
News – 12-JUN-00
Meadowbank reveals new gold zone
A shallow zone discovered at the Meadowbank gold property, in Nunavut, could provide Cumberland Resources (CBD-T) with the ounces it needs to proceed to the feasibility stage.Meadowbank hosts 7.2 mill…
CDNX recovers lost ground
Canada’s junior exchange continued to recover lost ground as all indexes posted gains. The Canadian Venture Exchange tacked on 181.67 points, or 5.6%, over the week ended June 6, to close at 3,410.59….
Battle Mountain upgrades Phoenix
Houston, Tex.-based Battle Mountain Gold (BMG-N) plans to expand the mining rate for its proposed Phoenix project by 40% to 30,000 tons per day.Average production at the project, situated in northern …