Rosia Montana more than ‘marginal’
Your Aug. 20-26 issue contained two interesting front-page articles — one covering the Gabriel Resources’ feasibility study for the Rosia Montana gold project in Romania, and the other covering Glami…
2001
Eagle River lifts River Gold off ground
With higher-grade development ore coming from the no. 6 zone at the Eagle River mine, 50 km west of Wawa, Ont., River Gold Mines (RIV-T) managed to climb back into the black during the second quarter….
MOST ACTIVE ISSUES, AUGUST 22-28
ExchgVol(000s)HighLowCloseChangeAlcoa*N962239.6537.3538.78+1.38…
Falco eyes Vulcan’s Labrador prospect
Falconbridge (FL-T) has entered into an agreement with St. John’s, Nfld.-based Vulcan Minerals (VUL-V) to earn up to a 65% interest in a nickel sulphide prospect some 50 km northwest of the Voisey’s B…
Base metals stand firm
Base metals markets enjoyed a second good week during the Aug. 20-24 period, with most managing to at least hang on to the gains made late the previous week.Nickel was the strongest performer, as the …
Decline in oil and gas pulls down CDNX
Vancouver — Canada’s junior exchange lost ground over the week ended Aug. 28. Oil-and-gas-related issues led the way with a 3.7% plunge in the sector. The Canadian Venture Exchange composite index fe…
Rockinghorse yields large number of stones
Additional microdiamond results from the newly discovered Anuri pipe on Tahera’s (TAH-T) Rockinghorse property in Nunavut indicate that the kimberlite body is significantly diamondiferous.Six hundred …
GREATEST VALUE TRADED, AUGUST 22-28
ExchgVal($000s)HighLowCloseChangeAlcoa*N37317239.6537.3538.78+1.38…
More consolidation expected in gold sector
John Ing of Maison Placements Canada has long made the case that gold is an effective hedge against both a lower U.S. dollar and a weaker economy. For most of the past six years, however, the U.S. eco…
US Gold gains Mexican base metal property
Denver — After concentrating for years on the Tonkin Springs gold project in Nevada, U.S. Gold (USGL-O) is shifting its focus to a silver-lead-zinc property in Mexico.The company leased the 47-ha Zim…
Crown defaults on debentures (September 03, 2001)
Denver — Financially beleaguered Crown Resources (CRRS-O) says it will not be making its final, US$15.4-million payment, thereby defaulting on its 5.75% convertible subordinated debentures. The payme…
Hunt heats up in Quebec
Ashton Mining of Canada (ACA-T) is preparing to drill-test several targets this fall at its Otish Mountains joint-venture project in north-central Quebec.Ashton flew a geophysical survey over the Otis…