Crown Jewel work held up on technicality
In an surprise move, the U.S. Department of the Interior and the Department of Agriculture have rejected a plan of operations for the Crown Jewel gold project in northeastern Washington state.In rejec…
News
Medinah drilling hits in Chile
Drilling at the Alto de Lipangue gold-copper project in central Chile is returning long intervals of significant mineralization for Medinah Energy (MDIN-O).The 5,000-ha prospect, situated in the coast…
IMF chief backs gold sale to aid poor countries
Michel Camdessus, managing director of the International Monetary Fund (IMF), is the latest to show his support for a plan to sell nearly 10 million oz. of gold to help debt-ridden poor countries.The …
Teck to fund Western Copper project — Proceeds earmarked for San Nicolas, Penasquito, San Jeronimo
In return for taking down a $2.2-million financing of Western Copper Holdings (WTC-T), joint-venture partner Teck (TEK-T) will have the option of purchasing an additional 5% interest in the El Salvado…
Energold’s Longyear concession takes shape
Drilling has enabled Energold Mining (EGD-V) to trace mineralization over a vertical interval of about 100 metres at its Longyear gold property in the Dominican Republic.The Vancouver-based junior rec…
British firm fights Kazakstani court
The second round of a legal dispute between Kazakstan and Britain’s Trans World Group has begun in a London courtroom.The dispute began in November 1998 when Kazakstan’s Supreme Court ruled that in 19…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — No substitute for cyanide
Cyanide is the main chemical used by the precious metal mining industry, and the industry could not exist without it. No other chemical available can separate gold or silver (in a process called leach…
Barrick completes acquisition
Shareholders of Sutton Resources (STT-T) have overwhelmingly approved a takeover bid by Barrick Gold (ABX-T), offering 91% of their shares to the major.Under the terms of the Barrick offer, which had …
Aber takes legal action against Winspear
Aber Resources (ABZ-T) has filed a suit in the British Columbia Supreme Court to protect its 32.24% ownership interest in the Camsell Lake diamond project in the Northwest Territories.Aber’s action is…
EDITORIAL & OPINION — Making a de facto national stock market — Now it’s government’s turn
Say what you like about this country’s stock exchanges, they have an instinct for timing. The reorganization and rationalization of Canadian capital markets actually managed to take some people by sur…
PEOPLE – Silver Peak
Brent Slobodian appointed director.
PEOPLE – Ridel
David Stelck appointed director.