INSIDER TRADING (January 24, 2000)
On Nov. 26, 1999, four days before his company announced another quarterly loss, Herbert Abramson indirectly sold 2.3 million shares of St Andrew Goldfields (SAS-T) at 38 each to hold 1,561 shares in…
News
The Northern Miner — North American Mining Index (January 24, 2000)
94.48 (-4.68)(Sept. 30/98 = 100)…
Copper
Canada’s Department of Indian Affairs and Northern Development (DIAND) has refused to issue Aber Resources (ABZ-T) and Rio Tinto) a land-use permit that would allow certain activities at the Diavik di…
Eastmain, Soquem drill Clearwater
Quebec-government-owned Soquem and its partner, Eastmain Resources (ER-T), are gearing up for another round of drilling at their Clearwater gold property in northwestern Quebec.The campaign is part of…
Aur launches hostile bid for Cambior
Junior copper producer Aur Resources (AUR-T) has launched an all-share takeover bid for Cambior (CBJ-T) at a time when the ailing Montreal-based gold miner is weakened as a result of its failed hedgin…
Pacific Rim finds new gold zone at Luicho
Surface rock sampling at the Luicho gold project in southern Peru has enabled Pacific Rim Mining (PFG-T) to identify gold mineralization north of the main prospect area.The new discovery is in the Lui…
Copper grades improve at Tambo Grande
Initial results from a second round of diamond drilling at the Tambo Grande project in northern Peru are mixed, reports Manhattan Minerals (MAN-T).Although infill drilling of the TG-1 sulphide deposit…
Canyon gets nod at Briggs
An amended operating permit will allow Canyon Resources (CAU-X) to begin mining at North Briggs and Goldtooth, two satellite deposits to the Briggs gold mine in southeastern California.The approval fo…
Sulphide producers overtaking laterites at nickel game
The battle has barely begun, but a recent study by AME Mineral Economics shows that sulphide nickel producers are dominating the lower half of the production cost curve, besting the performance of the…
Western Copper cuts high-grade silver
A 4-hole drill program by Western Copper Holdings (WTC-T) has cut both “massive-sulphide-style” and “vein-style” silver-lead-zinc mineralization at the San Jeronimo project in central Mexico.Hole 3 te…
Minera Andes aims drills at Cerro Saavedra property
The new year is proving to be a busy one for Minera Andes (MAI-V), as it prepares to launch not one but two drilling programs at its Cerro Saavedra silver-gold property in the Patagonia region of sout…
Mustang pulls more PGEs from East Bull Lake
Junior Mustang Minerals (MMIN-C) has sunk another eight holes at its East Bull Lake platinum group metals property, 80 km west of Sudbury, Ont.This brings to 16 the number of holes drilled to date, wi…