APAC busy in Patagonia
Vancouver — Patagonia Gold has begun a 5,500-metre, 24-hole drill program at the Cuya low-sulphidation epithermal gold property in the Argentina’s Rio Negro province.The project is a joint-venture be…
2003
Semafo fills in Wona (March 31, 2003)
Ongoing reverse-circulation drilling by Semafo (SMF-T) has confirmed the continuity of mineralization over the 800-metre northern portion of the Wona oxide gold deposit in Burkina Faso.The drilling al…
Diamond definition won’t change: Bureau
A proposed change to the trade definition of Canadian diamonds, aimed at fostering a fledgling diamond cutting and polishing industry in the Northwest Territories, is dead in the water.The document, c…
Spot Prices Wednesday March 26, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$329.60-9.40Silver$4.38-0.10Platinum$644.00-36.00…
River Valley PGM deposit shows continuity
Pacific North West Capital (PFN-V) has tabled the first batch of assays from a 40,000-metre, $5.3-million drilling campaign at the River Valley platinum group metal (PGM) property, near Sudbury, Ont.T…
Pele peers into Cristal
Junior Pele Mountain Resources (GEM-V) has begun drill-testing the Cristal diamond showing at the Festival property, near Wawa, Ont.Earlier this year, Pele recovered a white, 0.72-carat gem-quality di…
Noranda confirms Magnola plant closure
Noranda (NRD-T) is closing its 80%-owned Magnola magnesium plant is in Danville, Que. The troubled plant will be idled for at least a year, possibly longer depending on magnesium prices.Layoffs will b…
Wheaton hungry for Alumbrera stake (March 31, 2003)
Having just acquired Rio Tinto’s (RTP-N) quarter-stake in the Bajo de la Alumbrera gold-copper mine in Argentina, Wheaton River Minerals (WRM-T) is about to acquire another quarter-interest in the ope…
Stornoway advances Coronation Gulf projects (March 31, 2003)
Vancouver — Stornoway Ventures (SWV-V) plans to follow up on indicator mineral trains found on its Sceptre and Tiara diamond properties in the Coronation diamond district of Nunavut.Last spring, a 6,…
First Quantum raises funds (March 31, 2003)
First Quantum Minerals (FM-T) has inked a financing deal with a private equity fund to raise up to US$35 million.Subject to the usual conditions, AIG African Infrastructure Fund will purchase 4 millio…
The Northern Miner Indices (March 31, 2003)
North American Mining: 64.69 (-3.07)Small Producers: 54.42 (-4.31)(Sept. 30/98 = 100)…
Meridian hammered by local Esquel vote
Locals living near Meridian Gold’s (MNG-T) Esquel gold project in southern Argentina have voted overwhelmingly against its development.The Esquel project is 10 km northeast of the city of the same nam…