Cusac to drill PGM property
A contract for the first 5,000 ft. of a 30,00-ft. drill program has been let by Cusac Gold Mines (CQC-T) to test the Clearwater platinum project, north of Kamloops, B.C.Cusac President Guilford Brett …
2001
New Millennium detects anomalies
Ongoing geophysical surveying in the Lac des les region of northwestern Ontario has identified three induced-polarization anomalies.New Millennium Metals (PGM-V) is carrying out the surveys as part o…
US gov’t rejects plan of operations for Imperial
Denver — The U.S. Department of Interior has rejected Glamis Gold’s (GLG-N) plan of operations for the Imperial project in southeastern California.The rejection is based standards created by a Januar…
Coeur eyes potential at Rochester mine
Denver — Recently completed drilling by Coeur d’Alene Mines (CDE-N) could extend the life of the Rochester silver-gold mine in northern Nevada.The company drilled 161 holes in a reverse-circulation p…
Inco reaps PGM windfall, makes discoveries
Sky-high palladium and platinum prices are swelling what had been a little-mentioned byproduct credit into a major source of cash flow for Inco (N-T).For 2000, the nickel giant’s revenue from platinum…
South-Malartic triples gold resource at Croinor
Drilling by junior South-Malartic Exploration (MSU-M) has tripled the resource base of the Croinor gold property, 75 km east of Val d’Or, Que.In a new estimate prepared by Geostat International, resou…
Ambrosia yields low-grade gold
A 1,500-metre drill program by Sunshine Mining & Refining (SSC-N) has cut low-grade gold mineralization at the Aguas Calientes property in northwestern Argentina.The 13-hole program, which focused on …
News – 29-JAN-01 (January 29, 2001)
Conversion of Weights and Measures1 troy ounce = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (s…
Global giants get boost from platinum, diamonds
Until about five years ago, London’s mining giants could only watch in envy as investors paid hefty premiums for shares of much smaller companies listed on North American exchanges. London’s mining se…
McVicar, BHP stake ground north of Superior
Partners McVicar Minerals (MVR-V) and BHP (BHP-N) have staked a second platinum group metals (PGM) property on the north shore of Lake Superior.The 174-claim property is named Foxtrap, after the Foxtr…
Tyhee eyes Discovery
Vancouver — Junior Tyhee Development (TDC-V) has inked a deal with GMD Resource (GMD-V) to acquire the past-producing Discovery gold mine, north of Yellowknife, N.W.T.The deal is valued at $265,000, …
Summo eyes Australian copper producer
Denver — Denver-based Summo Minerals (SMA-T) is in negotiations to acquire an equity interest in Australia-based Matrix Metals.Matrix operates the Mt. Cuthbert copper mine in northwestern Queensland….