Cancor exercises Gemini option, raises funds
Montreal-based Cancor Mines (KCR-T) has acquired from Inco (N-T) a half-interest in the Gemini polymetallic property in northwestern Quebec.Cancor fulfilled the major terms of a 1997 option agreement …
2000
St Andrew replenishes coffers
Faced with a dwindling cash position, St Andrew Goldfields (SAS-T) has raised $3.3 million for its projects in the Timmins camp of northern Ontario.In early December 1999, St Andrew received a 14-mont…
INVESTMENT COMMENTARY
Mining analysts Graeme Currie and Andrew Muir of Canaccord Capital are advising investors to focus on junior exploration companies that have strong management and the funding in place for active, high…
Ontario pledges millions for reclamation
The Ontario government will spend $500,000 this year, and millions in the next three, to address safety concerns at abandoned mine sites across the province.Over four years, the government will spend …
Altoro Gold tables trench results from Brazil
Altoro Gold (ATG-V) is awaiting results from a 1,200-metre drill program on its Pedra Branca platinum-palladium project in northeastern Brazil.The shallow, 18-hole program tested the Esbarro zone with…
Queenston cuts gold at Pandora
Drilling at Queenston Mining’s (QMI-T) wholly owned Pandora gold property, east of Rouyn-Noranda, Que., has uncovered a new gold occurrence at depth.When the program began, in late 1999, privately hel…
Goldcorp, union reps at odds
Talks between Goldcorp (G-T) and union officials from the United Steel Workers of America, who represent workers at the Red Lake mine in northern Ontario, have broken down again. The latest sticking p…
Seahawk cuts more emeralds
Infill drilling by Seahawk Minerals (SKM-V) continues to cut large emeralds at the Piteiras property in eastern Brazil’s Minas Gerais state.Hole 23 contained several strongly coloured, well-formed cry…
Partners rework deal
Partners Etruscan Resources (EET-T) and Semafo (SMF-T) have amended the terms of their November 1999 acquisition of the Saoura gold permit in Niger.The vendors, Ashanti Goldfields (ASL-N) an…
Altius seeks joint venture at Butler’s Pond project
Junior Altius Minerals (ALS-V) is seeking a joint-venture partner at its recently acquired Butler’s Pond property in eastern Newfoundland.Butler’s Pond comprises 25 sq. km on the southern lobe of a Pr…
Drilling resumes at Silvertip
Partners Peruvian Gold (PVO-V) and Imperial Metals (IMP-T) have launched a 3,500-metre program of underground exploration drilling at the Silvertip zinc-lead-silver project in northwestern British Col…
EVENTS (January 17, 2000)
Jan. 25-28 B.C. & Yukon Chamber of Mines — “Cordilleran Geology and Exploration Roundup.” Hotel Vancouver, Vancouver, B.C. Tel: (604) 681-5328.Jan. 30-Feb. 2 American Zinc Association — “Internation…