Drill turns at Clifford
Vancouver Armed with a new $1 million financing, Castleworth Ventures (WTH-V) has launched a 5,500 ft. reverse ci…
2004
Queenstake drives into snowbank at Jerritt Canyon
Now entering its seventh month as owner and operator of the Jerritt Canyon gold mine in northeastern Nevada’s Indep…
Diagem takes McFauld’s Lake stake
Vancouver – KWG Resources (KWG-V) has sold its 8% stake in Spider Resources’ (SPQ-V) McFauld’s Lake joint venture p…
Barrick proceeds at Tulawaka
Barrick Gold (ABX-T) has unveiled plans to put the Tulawaka gold deposit, about 100 km west of its Bulyanhulu mine in Tanzania, into production.Tulawaka, in which Barrick holds a 70% interest and Mont…
SouthernEra pulls plug on Klipspringer
The rising South African rand has forced SouthernEra Resources (SUF-T) to suspend operations at its Klipspringer diamond project in the Limpopo province of South Africa.The company, which holds half o…
Bogoso/Prestea delivers
Denver-based Golden Star Resources (GSC-T) ended 2003 with better-than-expected output from its flagship Bogoso/Prestea open-pit mine in Ghana.The mine was expected to produce 160,000 oz. last year at…
Sur bulks up at Comval (January 12, 2004)
Junior Sur American Gold (SUR-V) has pulled more bonanza grades from its Comval project in the Philippines.Two bulk samples from the Amy vein (formerly known as Tarale #7 and part of the Tarale system…
Mazarin spins off Sequoia (January 12, 2004)
Mazarin (MAZ-T), the Quebec City-based industrial minerals miner, has spun off its niobium, dolomite and graphite assets into newly formed Sequoia Minerals (SEQ-T), leaving only the troubled chrysotil…
Denison divided in three
Diversified energy company Denison Energy (DEN-T) will split into three separate companies under a reorganization plan.The company’s uranium and other mining interests will be transferred into a resur…
Daily Metal Prices (January 12, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 6Jan. 5Jan. 2Dec. 31Dec. 30Al Alloy1470/1500…
Resource groups mirror physical prices
In a repeat performance, base metal issues fared better, on the whole, than their precious metal peers over the holiday-shortened period ended Jan. 6.The diversified metals and minerals index climbed …
Golds glitter on junior exchange
Vancouver — Canada’s junior exchange continued its love affair with bullion over the holiday-shortened trading week that ended Jan 6. The S&P-TSX Venture Exchange composite index added 55.5 points, o…