Base metals diverge, golds plunge deeper
The Toronto Stock Exchange composite index plunged 80.77 points over the Feb. 26-Mar. 4 report period to finish the week at 6,422.33.On March 5, gold settled at a London morning fix of US$354.50 per o…
Articles by Northern Miner Staff
Queenston intensifies work in Ontario and Quebec
With three drills turning on its projects in northeastern Ontario and northwestern Quebec, this winter is shaping up to be a busy one for Queenston Mining (QMI-T).The company recently completed a 6-ho…
Small is beautiful for Avalon
A new scoping study of Avalon Ventures’ (AVL-V) Separation Rapids lithium-silicate project in northwestern Ontario recommends construction of a mill only half as big as previously planned.The updated …
Lending Rates (March 10, 2003)
as of 4 pm ET, Mar. 4, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.34LIBOR US$ 6-month1.34LIBOR US$ 1-year1.38Gold lease 3-m…
Healthy prices, discoveries spur nickel exploration
After losing ground to their trendy laterite cousins a few years ago, nickel sulphide deposits — hosts of the giant Sudbury, Voisey’s Bay and Norilsk orebodies — are back in fashion.Nickel sulphide …
Northair picks up Mexican property
Beating the bushes for projects in Durango state, Mexico, International Northair Mines (INM-V) has tied up six exploration concessions covering 10 sq. km and seven gold-silver showings.The new land pa…
Peeking under the covers
Geologists Down Under devise ways to penetrate overburdenAustralia is peeling back the layer of overburden that obscures most of the continent to find ore deposits previously hidden to exploration geo…
Canadian Royalties hits new zone (March 10, 2003)
Vancouver — The economic promise of the Expo-Ungava nickel-copper-platinum-palladium property got a shot in the arm following operator Canadian Royalties’ (CZZ-V) discovery of yet another high-grade …
Hansa takes over Rhonda claims
Thoroughly occupied by the Northwest Territories diamond hunt, Calgary-based Rhonda Corporation (RDM-V) has spun off its holdings in the Courageous Lake gold belt, north of Yellowknife, to affiliate H…
Exploration heats up in SW New Brunswick
Despite a slump in base metal exploration, 2002 proved to be a banner year for precious metals in New Brunswick. It was gold’s turn to shine as exploration efforts turned up widespread occurrences in …
Opawica finds high-grade in Brazil
Toronto-based Opawica Explorations (OPW-T) has received positive results from the first phase of due diligence at the Bom Jardim gold property in the Tapajos district of Para state in north-central Br…
Canadian Stock Exchange Indices (March 10, 2003)
DateMarch 4March 3Feb. 28Feb. 27Feb. 26HighLowTSX Compo…