MOST ACTIVE ISSUES, MAR. 14-20
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Articles by Northern Miner Staff
Market unimpressed with US rate cut
In the wake of another cut in U.S. interest rates, investors north of the border knocked 3% off the Toronto broad market during the March 14-20 report period. The sell-off, which suggests that many we…
Marum seeks Manitoba diamonds
Marum Resources (MMU-V) and Consolidated Oasis Resources (CSI-M) are among the juniors to have picked up ground in the heart of Manitoba’s diamond play.Marum struck a deal with Indicator Explorations …
Saskatchewan kimberlites yield low grade
Bulk sampling has confirmed the low grade of two promising kimberlites at the Fort la Corne joint venture in Saskatchewan.Pipes 122 and 141 were targeted for additional sampling, the objective being…
The healing properties of gold
In medieval Europe alchemists mixed powdered gold into drinks to “comfort sore limbs,” nowadays known as arthritis. Word of gold’s power to relieve the pain of arthritis spread throughout the ensuing …
Rubicon hits more gold at McCuaig
Vancouver — Rubicon Minerals (RMX-V) has cut a new gold-bearing structure at the McCuaig project in Red Lake, Ont.Company geologists describe the mineralized zone as a sulphide-bearing silicified and…
Market mayhem misses CDNX
Vancouver — Canada’s junior exchange managed to survive the recent market meltdown with relatively minor damage. The oil-and-gas and mining indices managed to stay in positive territory while tech st…
Lupin boosts Echo Bay
Denver — The Lupin mine in Nunavut contributed to a 42% increase in gold production in the fourth quarter for Echo Bay Mines (ECO-X), propelling the company to a profit for 2000.The company’s gold pr…
PNWC raises grade at River Valley
Vancouver — Early results from an ongoing 11,000-metre drill program by Pacific North West Capital (PFN-V) have boosted the economical prospects of the River Valley platinum- palladium project in Ont…
Golds make gains as TSE dives
The Toronto Stock Exchange treated investors to another wild ride over the report period March 7-13, as another blue Monday hit the telecom stocks. The TSE 300 composite index sank 205 points on March…
Hecla ends year on down note
Denver — After writing down the value of the Lucky Friday silver mine in Idaho and tacking on charges from two reclamation sites, Hecla Mining (HL-N) posted a substantial loss in the fourth quarter, …
Tiberon eyes Vietnamese tungsten
Vancouver — Calgary-based Tiberon Minerals (TBR-V) has tabled encouraging results from its 20-hole drill program on the Nui Phao exploration licence in northern Vietnam.The company acquired the 32.2-…