Uranium exploration shows renewed signs of life
While uranium exploration isn’t what it was during its glory years a few decades ago, a high-grade discovery made by Cameco (CCO-T) at the La Rocque Lake claims in northern Saskatchewan has spurred se…
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GREATEST VALUE TRADED, Feb. 23-29
Exchg Val($000s)HighLowCloseChangeAlcoa*N 564687 74.38 67.69 68.50 – 4.00…
Phelps Dodge outlines deposit
Phelps Dodge (PD-N) has outlined a copper-gold deposit at its 50%-held Sossego project in northern Brazil.Some 120 drillholes point to a resource of 219 million tonnes grading 1.14% copper and 0.34 gr…
Exchange Rates (March 05, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 29Feb. 28Feb. 25Feb. 24Feb. 23…
Teck drilling at Loubel’s Lemoine property in Quebec
Following up on last year’s grassroots work, Teck (TEK-T) has begun a drilling campaign at Loubel Exploration’s (LBX-M) Lemoine polymetallic property, 24 km southeast of Chibougamau, Que.The property …
Venture Exchange buoyed by strong high-tech sector
Canada’s junior stock market blew past the 3,800-point level for the first time, helped by a strong technology index. The Canadian Venture Exchange tacked on 260.35 points, or 7.3%, during the report …
Placer Dome posts positive results for 1999
Despite incurring US$95 million in merger and write-down costs, Placer Dome (PDG-T) managed to turn a healthy profit in 1999.North America’s third-largest gold mining company earned US$35 million, (or…
Mindoro to explore core projects
Having closed a $350,000 financing and with another $1-million effort in progress, Mindoro Resources (MIO-V) is gearing up to explore three core mineral projects in the Philippines and one core projec…
Newmex Minerals acquires Borealis gold-silver property
Calgary-based Newmex Minerals (NMM-V) has acquired an option to earn a 32% interest in the Borealis gold-siler propery in Nevada’s Mineral Cty.Owned 68% by Nevada-based Golden Phoenix Minerals (GPXM-Q…
Rubicon drilling in Newfoundland
A 2,000-metre, 8-hole drill program on the Point Leamington massive sulphide project in north-central Newfoundland is following up on a base metal target recently discovered by Rubicon Minerals (RMX-V…
Valerie finds new targets in Ecuador
Stream-sediment sampling on the Santa Barbara copper-gold property in Ecuador has outlined widespread gold values over a 10-sq.-km area.Junior Valerie Gold Resources (VLG-V) is earning a half-interest…
Fourth quarter pushes Homestake into black
A strong fourth quarter propelled Homestake Mining (HM-N) to profitability in 1999.The company earned US$4 million (or 2 per share) in the quarter, contributing to income of US$4.9 million (2 per sh…