Amarc misses at Inde
Vancouver — A 14-hole diamond drill program by Amarc Resources (AHR-V) has returned sporadic gold values below the…
2002
Drills rev at Tulawaka
Partners Barrick Gold (ABX-T) and Minires du Nord (MDN-T) have their drills gearing up for a new exploration progr…
Sandvik buys Mazda subsidiary
The mining and construction arm of Swedish-based Sandvik has acquired the Earth Technologies division of Japan-based Mazda.Mazda Earth Technologies makes hammers, breakers, tools and spare parts for t…
BeMaX eyes Pooncarie
Australian-based BeMaX Resources has reached a deal to buy Sons of Gwalia’s 25% stake in the BIP joint venture, which controls extensive tenements in the Northern Murray Basin in New South Wales, Aust…
Barrick unveils major growth platform (September 23, 2002)
After laying low for the summer while its peers grabbed the limelight, Barrick Gold (ABX-T) has announced a sweeping US$2-billion expansion program that would see four projects come on-stream in the n…
Freewest steps up gold search in New Brunswick
The exploration efforts of Freewest Resources Canada (FWR-V) in the Clarence Stream area of southwestern New Brunswick continue to demonstrate the potential of an emerging camp of granite-related gold…
News – 23-SEP-02
To move a mountain
The timing was ironic and largely unnoticed, but it was indeed interesting to note that at the same time the Montana State Legislature was meeting in Helena to fix a US$50-million hole in the state bu…
Offshore, again
After the collapse of the junior exploration market in the late 1990s, it is an unusual and refreshing experience to see more work being done by junior companies in the Pacific Rim. Perhaps this means…
Spot Prices Wed. September 18, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$317.60+$2.10Silver$ 4.58+$0.05Platinum$552.00+$…
Inco inks Thompson pact (September 23, 2002)
Members of the United Steelworkers of America local 6166, at Inco’s (N-T) operations in Thompson, Man., have approved a 3-year collective agreement.In a press release, the union says the deal “signifi…
Gold coin fetches record sum
One of the world’s rarest and most sought-after gold collector coins, the 1933 Double Eagle, was sold at Sotheby’s auction house in New York, N.Y., for US$7.6 million, a new record.The bidding, in US$…