Chinese OK Towerbeck JV
Denver — The Chinese government will allow General Minerals (gnm-t) to explore the Towerbeck gold joint venture in that country’s northwestern region.The company can earn a 71% interest in the 56-sq….
1999
Inmet, Tri Origin form pact
Junior Trio Origin (TOE-T) has optioned to Inmet Mining (IMN-T) its Woodlawn and adjacent South Woodlawn polymetallic projects in New South Wales, Australia.To earn a 60% interest, Inmet must spend $3…
Valerie confirms gold-copper system in Ecuador
A 2,500-metre drill program on the Santa Barbara gold-copper property in Ecuador has outlined a body of mineralization measuring 150 by 1,000 metres.Valerie Gold Resources (VLG-V) drilled 10 holes in …
River, Vencan end legal dispute (December 27, 1999)
Ending a long-standing legal dispute, River Gold Mines (RIV-T) has agreed to buy Vencan Gold’s (VCG-M) Edwards mine, near Wawa, Ont., for $1.5 million plus a 3% net smelter return on gold produced aft…
Canadian Venture Exchange rides bullish trend
The Canadian Venture Exchange posted an impressive gain of 122.1 points, or 5.7%, and closed the week ended Dec. 14 at 2,154.08. The bullish trend marks the largest one-week gain since the market’s in…
TSE Indices (December 20, 1999)
— 1999 –DateDec. 14Dec. 13Dec. 10Dec. 9Dec. 8High…
TSE Shorts (December 20, 1999)
Short positions outstanding at December 6, 1999Larger individual positions include:Abitibi-Consolidated 2,035,398, down 287,271; Alcan Aluminum 1,474,367, down 70,176; Anderson Exploration 1…
Celtic expands portfolio in Newfoundland
Alberta-based Celtic Minerals (CME-V) is acquiring the Great Burnt Lake and Victoria Mine base metal properties in central Newfoundland.Great Burnt Lake is contiguous with the junior’s South Pond prop…
Lyon Lake seeks permit for Crucitas
Montreal-based Lyon Lake Mines (LLL-M) has applied for an exploitation permit for its Crucitas gold deposit in northern Costa Rica.The application includes a feasibility study that envisages the minin…
Output, revenue down for Nelson
Junior Nelson Gold (NLG-T) has slipped into the red as a result of declining production from its operations in Tajikistan.For the nine months ended Sept. 30, Nelson posted a loss of US$1.4 million (or…
Expatriate tests gold camp
Equal partners Expatriate Resources (EXR-V) and Nordac Resources (NRQ-V) are encouraged by the results of a grassroots gold exploration program on the Armenius and Eureka properties in the Yukon.Combi…
OPAP cancellation short-sighted
It has recently come to my attention that the Ontario government will cancel the Ontario Prospectors Assistance Program (OPAP) as part of a cost-reduction program. As president of a junior mining comp…