Greenland to get its first gold mine
London-based Crew Development (CRU-T) is just months away from opening its high-grade Nalunaq mine, which will rank as Greenland’s first-ever gold mine and the first new mine on the island in 25 years…
News
Diamonds North finds more stones at Blue Ice
Having completed a second season of exploration field work on the Victoria Island diamond projects in the High Arctic region of both Nunavut and the Northwest Territories, Diamonds North Resources (DD…
Aurogin expands in Nfld.
Junior Aurogin Resources (AUQ-V) has increased the size of its Rambler copper-gold project in the Baie Verte area of Newfoundland.To earn a 100% interest in two claim groups, Aurogin must pay $100,000…
Canadian Zinc wades into Prairie Creek
Stronger demand for its shares could see Canadian Zinc (CZN-T) raise enough funds to complete a feasibility study at the historic Prairie Creek zinc-lead-silver project in the Northwest Territories.Al…
South Atlantic eyes Swedish IOCG
A new copper-gold discovery has prompted South Atlantic Ventures (SAA-V) to increase the size of its exploration portfolio in Sweden’s Kiruna mining district.The Kiruna region is famous for the huge a…
Rising Canadian dollar affects Cambior
The combination of a stronger Canadian dollar and lower gold production hampered third-quarter earnings for Cambior (CBJ-T).The company’s profits slipped to US$700,000 (or nil per share) on revenue of…
The Benighted right
It took a long time, and the sacrifice of at least three party leaders, to bring about a merger between the Progressive Conservative and Canadian Alliance parties. Now that Stephen Harper and Peter Mc…
Pechiney faces court action
The Queensland government in Australia has launched litigation in its Supreme Court against Pechiney in an attempt to force the French aluminum giant to surrender a bauxite lease.The government claims…
Fipke finds kimberlite in Attawapiskat
While following up on promising overburden kimberlite indicator mineral chemistry with auger-core drilling, Metalex Ventures (MTX-V) and Arctic Star Diamond (ADD-V) encountered kimberlite in the James…
Randgold ups Ashanti ante, omits cash (November 03, 2003)
True to its word, Randgold Resources (GOLD-Q) has boosted its all-share offer for Ghanaian-based Ashanti Goldfields (ASL-N).Under the revised bid, Ashanti shareholders are being offered 0.56 of a Rand…
Junior market continues bull run
Vancouver — Canada’s junior exchange continued its fall rally over the week ended Oct. 28. The S&P-TSX Venture Exchange composite index surged 36.80 points, or 2.51%, and closed at 1,498.55.Shares in…
Spot Prices Tuesday, Oct. 28, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$386.55+11.75Silver$5.15+0.15Platinum$747.00+9.00…