Burnstone’s Area 1 grows
Following more than 20,000 metres of infill drilling on the Burnstone gold project in South Africa, Great Basin Gold (GBG-V) has raised mineral resources in the Area 1 deposit.Based on a cutoff grade …
2003
Cumberland exercises warrants
Vancouver — Cumberland Resources (CBD-T) has exercised share purchase warrants originating from a $14.7-million financing in June 2002, raising $5.1 million in the process.As a result, Cumberland’s w…
Eldorado takes Kisladag to the bank
Usak, Turkey — Once a curious anomaly, Kisladag has grown into a major deposit that promises to propel Eldorado Gold (ELD-T) to the rank of mid-tier producer by 2005.Situated a short drive from this …
Yamana eyes Brazilian gold production (June 30, 2003)
Vancouver — Looking to become a 100,000-oz.-per-year producer, Spokane-based Yamana Resources (YRI-T) has agreed to pay US$20.9 million for Fazenda Brasileiro, the only gold mine of Companhia Vale do…
Ashton, Soquem aim to expand Renard
As the results of mini-bulk samples collected this past winter from the Renard kimberlite cluster in north-central Quebec begin to trickle in, Ashton Mining of Canada (ACA-T) is assessing the potentia…
Miramar doubles down at Suluk (June 30, 2003)
Vancouver — Miramar Mining (MAE-T) has doubled the depth of gold mineralization at the Suluk zone, part of the Hope Bay project in Nunavut.Twenty drill holes tested the zone, the most encouraging bei…
Editorial Cartoon (June 30, 2003)
Bill 198 brings brawn to Act
There is little doubt that the crisis in confidence that has roiled U.S. markets in the wake of Enron, WorldCom, Global Crossing and other failures has spilled across the border into Canada. U.S. gove…
Shutting down the conversation
If metal miners think anti-mining groups are giving them a rough ride these days, they should have a talk with their brothers in the coal business. The latest bright idea from the pressure groups is f…
More kimberlites at Churchill
Drilling by Shear Minerals (SRM-V) and Northern Empire Minerals (NEM-V), designed to test at least 15 geophysical targets, has intersected kimberlite on five of six targets tested so far.The fourth an…
Wolfden adds zone, mill and properties
Follow-up drilling by Wolfden Resources (YWO-V) has intersected a massive sulphide zone 1.7 km west of the existing A/B and D zones on its High Lake volcanogenic massive sulphide property in Nunavut’s…
LME Warehouse Levels (June 30, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 24 (change from June 17 in brackets):MetalStock(tonnes)ChangeAluminium1131975(+1…