News
ODDS ‘N’ SODS: Quemont
The name “Quemont” evokes many memories for me. The Quebec property is immediately north of the big Noranda Mines discovery that put Rouyn-Noranda on the mining map. However, according to experts at t…
NAME CHANGES (January 17, 2000)
Inter-Citic Envirotec (ICI-V) has changed its name to Inter-Citic Mineral Technologies (ICI-V).
PEOPLE (January 17, 2000)
Summo — Frank Wheatley, James McClements and Gordon Bogden appointed directors.Titan Pacific — Harvey Ramstead appointed president and director.Weymin — Gerald Carlson appointed direct…
Dos Amigos shows bulk-tonnage potential
Geophysical surveys and chip sampling on the Dos Amigos gold property in the northwestern Mexican state of Chihuahua have yielded encouraging results for Duran Gold (DRN-V).An induced-polarization (IP…
Pioneer renews efforts at Riou Lake property
Follow-up electromagnetic surveys are under way at the Riou Lake uranium project in the Athabasca Basin of northern Saskatchewan.Pioneer Metals (PSM-T) says the surveys, comprising 140 line km, are de…
Strong metal markets drive up broad market
Strong performances by metal markets helped push up the Toronto Stock Exchange 300 index during the Jan. 5-11 report period. The index rose 240 points to 8,442.61. Meanwhile, the metals and minerals s…
Drilling program expands Escalones deposit in Chile
Partners General Minerals (GNM-T) and Grupo Mexico have received encouraging results from the first two holes of a 15-hole program at the Escalones copper-gold property, 100 km southeast of Santiago, …
Gold rises in turbulent market
The Dow Jones industrial average climbed 13.96 points, or 0.1%, to 11,511.08 in volatile trading during the report period ended Jan. 11.Mining issues were higher as spot gold on the Comex division of …
Ontario signs on for Western coal
Luscar has signed a 3-year deal to supply coal to Ontario Power.No dollar figure was attached to the deal, with Luscar saying prices will be adjusted yearly according to the consumer price index. The …
Drilling confirms Laronde’s potential
Underground drilling by Agnico-Eagle Mines (AGE-T) at its Laronde gold mine in northwestern Quebec continues to confirm the deposit’s rich potential at depth.In October 1999, the company reported that…
SPOT PRICES, Wed. January 12, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$282.25+$0.15Silver$ 5.15-$0.13…