Francisco gains ground in Guatemala
Junior Francisco Gold (FGX-V) has acquired more than 5,000 sq. km of exploration concessions, including the prospective Marlin gold-silver property, in Guatemala.Situated 30 km west of Huehuetenango, …
2000
Profit-takers derail TSE after record highs
Profit-taking took hold of the Toronto stock market during the Feb. 16-22 report period, with the TSE 300 composite index falling sharply after reaching an all-time high of 9,463.54 on Feb. 17. The co…
Partners test nickel laterite in Guatemala
First discovered by a subsidiary of Inco in the early 1970s, the Buena Vista nickel project in Guatemala has been revived by Chesbar Resources (CBI-T) and Intrepid Minerals (IAU-V). The partners are e…
Al Hariqah shows promise
A first-phase drill program by Cantex Mine Development (CD-V) has returned encouraging results from the Al Hariqah gold project in Yemen.Thirteen holes tested a mineralized zone measuring 3.2 km by 60…
CDNX continues to set record highs
Canada’s junior stock market index ignored fears of higher interest rates, posting another record close. The Canadian Venture Exchange gained 204.45 points, or 6.08%, over the week ended Feb. 23 and c…
Improved Louvicourt bolsters Novicourt and Aur
A combination of higher production and lower processing charges at the Louvicourt mine, east of Val d’Or, Que., substantially improved Novicourt’s (NOV-T) year-end financial results.The company, which…
Monopros drops Victoria Island project
Despite the discovery of several diamondiferous kimberlites on the Victoria Island property in Nunavut, Monopros, the Canadian exploration arm of De Beers Consolidated Mines (DBRSY-Q), has elected to …
Trans Hex reports loss
Exploration by Trans Hex International (THI-T) in Africa and South America continued apace in the last three quarters of 1999, despite an operating loss of $700,000 and a protracted ownership dispute …
Tiberon outlines anomaly
Surface sampling by Calgary-based junior Tiberon Minerals (TBR-V) has outlined a tungsten-bismuth-copper gold target at the Nui Phao property in northern Vietnam.Chip sampling on the southeastern slop…
River, Vencan end legal dispute (February 28, 2000)
A long-standing dispute over the profitability of the Edwards gold mine, near Wawa, Ont., has been settled.River Gold Mines (RIV-T) has paid Vencan Gold (VCG-M) $1.5 million in cash and a 3% net smelt…
Glamis posts resource
Based on results from recent exploration drilling, Glamis Gold (GLG-N) has concluded that the existing resource at the Cerro Blanco gold-silver project must be expanded before it can be advanced to th…
Band-Ore ties up discovery
Three northern Ontario prospectors have dealt a new diamond discovery east of Wawa, Ont., to Band-Ore Resources (BAN-T), and work on the property is scheduled to start shortly.Band-Ore is issuing 1.5 …