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…
1999
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…
EuroZinc boosts resource
As part of a final feasibility study, EuroZinc Mining (EZM-T) has released new resource estimates for the past-producing Aljustrel project in Portugal.The Vancouver-based company hopes to revive Aljus…
Ecuadorian cuts high-grade mantos in Peru
Widely spaced drilling has returned strong gold values for Ecuadorian Minerals (EMC-T) at the Vetaspata property in southeastern Peru.Results from 12 of 19 core holes, totalling 1,750 metres, confirm …
MEETINGS (December 20, 1999)
Dec 22 E-Minerals — annual, specialDec 22 Pickle Crow — annual, specialDec 23 Fosters — specialDec 28 Auriginor — annual, generalDec 29 Siga…
Drilling extends Tulawaka
Partners Pangea Goldfields (PGD-T) and Northern Mining Exploration (MDN-T) are sizing up what could become Tanzania’s newest gold deposit.Recent drilling has extended the East zone to a depth of 160 m…
Exchange Rates (December 20, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 14Dec. 13Dec. 10Dec. 9Dec. 8…
Manhattan resumes drilling at Tambo Grande
Manhattan Minerals (MAN-T) has launched a 50,000-metre drill program at its 75%-optioned Tambo Grande polymetallic project in northwestern Peru.Two rigs will attempt to expand the existing gold deposi…
Roads point way to Quebec’s riches
The discovery of a number of gold and base metal showings in northwestern Quebec is prompting explorers to call on the provincial government to build more roads throughout the region. Juniors and pros…
Cambior to repay bill by June
In a deal struck with its lenders and hedge providers, Cambior (CBJ-T) will repay US$75 million of its US$212-million loan obligations by June 30, 2000.This interim payment is part of a preliminary ag…