CanTung mine set to reopen doors
Vancouver — Armed with $6.5 million in financing, North American Tungsten (NTC-C) plans to restart its wholly owned CanTung mine, in the Northwest Territories, by year-end.The company recently entere…
2001
RJK posts gains during mixed week
WESTERN MARKETThe Canadian Venture Exchange finished the period ended June 26 down 44.97 points at 3,230.93, off 1.4%. The mining index went the other way, gaining 68.31 points, or 0.9%, to close at 7…
Partners turn up low grades in Kirkland Lake
Five holes drilled in the South Break and 180 Splay structures in Lebel and Gauthier twps., near Kirkland Lake, Ont., have intersected long intervals of low-grade gold mineralization.Partners Queensto…
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Andacollo liquidation begins (July 02, 2001)
Compania Minera Dayton (CMD), a wholly owned subsidiary of Dayton Mining (DAY-T), has been granted bankruptcy protection for four years.In May, CMD’s creditors unanimously accepted a creditor’s agreem…
Record copper consumption
Consumption of copper in the U.S. reached record levels in 2000.Preliminary data indicate total usage levels were 1% ahead of 1999. This comes on the heels of 1999’s total of 4.2 million tonnes, an al…
Boart Longyear among CDDA award winners
The Canadian arm of Boart Longyear, based in North Bay, Ont., won both the Class A surface and underground safety awards at the annual general meeting of the Canadian Diamond Drilling Association (CDD…
Ivanhoe Mines’ Savage River wins environment award
Ivanhoe Mines’ Savage River iron ore operation in northwestern Tasmania has received an award for environmental excellence.The award recognizes the company’s success in controlling water runoff from r…
Rio drops Vicuna property
Vancouver — Despite cutting wide zones of copper-silver mineralization in its first round of drilling on the Vicuna gold project in northwestern Argentina, Rio Tinto (RTP-N) has decided to stop explo…
Prospector Ross Toms, Part 1
“He was an old prospector with a vision bleared and dim.He asked me for a grubstake, and the same I gave to him.He hinted of a hidden trove, and when I made so boldTo question his veracity, this is th…
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PEOPLE (July 02, 2001)
Arena Gold — Louis-Marie Riopel appointed president.AMT Int’l Mining — John Hick appointed acting chairman and president.Manhattan — Peter Tegart appointed chairman of the board; Lawre…