Exchange Rates (October 22, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Articles by Northern Miner Staff
Zaruma picks up $22M to build Luz del Cobre
Vancouver — Zaruma Resources’ (ZMR-T, ZMRAF-O) Luz del Cobre copper deposit in Sonora state, Mexico, just took a major step towards production with the company closing a US$22-million senior debt fin…
Toronto Stock Exchange October 9-15
The TSX Composite Index finished the Oct. 9-15 trading period down, if only slightly, as it lost 2.06 points to finish at 14,231.28. The losses stemmed from poor performance in the financial sector as…
U.S. Markets October 9-15
Uncertainty dominated equity markets in the U.S. during the period Oct. 9-15, with several items of good earnings news countered by rising crude oil prices. The Dow Jones Industrial Average did touch …
Protestors stop Salazar’s drills
News that protestors had ransacked Salazar Resources’ (SRL-V, SRLZF-O) Curipamba gold and silver exploration project in Ecuador gave the market a shock, but the company insists the incident was not co…
Otish basin seeing increased activity
Uranium exploration activity is at a 25-year high in the Otish sandstone basin of north-central Quebec. While that would probably still be true if one prospector was carrying a scintillometer, the dis…
Mantle hits zinc in Akie stepout
Vancouver — Stepout drilling by Mantle Resources (MTS-V, MTSZF-O) on its Akie zinc project, in northeastern B.C., hints at the expansion potential of the Main Cardiac Creek zone.
JNR and Altius stake claims in Newfoundland
In one of the largest staking campaigns for uranium ever undertaken in eastern Canada, JNR Resources (jnn-v, jnrrf-o) has teamed with Altius Minerals (ALS-T, ATUSF-O) to stake more than 10,500 claims …
Pele drilling confirming Elliot Lake resource
Pele Mountain Resources (GEM-V, PMNHF-O) expects to see results of a scoping study on the company’s Elliot Lake uranium project soon, following a successful infill drilling campaign.
Producer and Dealer Prices (October 22, 2007)
Antimony : Mid-mkt US$5,530/t.
Rusoro ropes Gold Fields properties
Vancouver — Having inked a deal to purchase all of Gold Fields’ (GFI-N, GFI-J) mineral projects in Venezuela, including the Choco 10 gold mine, Rusoro Mining (RML-V, RMLFF-O) is jumping to producer s…
Khan, Western Prospector mull shared infrastructure
Vancouver — Neighbouring uranium explorers Khan Resources (KRI-T, KHRIF-O) and Western Prospector Group (WNP-V, WEPGF-O) are looking at collaborating on government-related issues and development of t…