Northern Star drills Midway
Vancouver — The first hole of an ongoing 25,000-ft. drill program has cut mineralization 1,200 ft. below surface at the Midway property, west of Val d’Or, Que.Hole 10 is the deepest drill intercept t…
News
Exchange Rates (January 05, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 29Dec. 26Dec. 25Dec. 24Dec. 23US$ in C$1.3104HolidayHoliday1…
Osisko makes for Brazil (January 05, 2004)
Brazilian explorer and developer Amazonia Mineracao will allow Montreal-based Osisko Exploration (OSK-V) to acquire up to a 75% interest in the Barro Alto gold property in Goias state.The property wil…
Producer and Dealer Prices (January 05, 2004)
Antimony: Mid-mkt US$2,135/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.62/lb.Cobalt: Recent trades US$17.90-21.50/lb.Copper: Comex Mar. US$1.0435/lb.Indium: Indium Corp., ingot, US$320/kg.Irid…
Silver stocks take flight
With silver spot prices soaring US20, to US$5.86 per lb., all the U.S.-listed silver stocks enjoyed strong gains during the 4-day period ended Dec. 29.Leading the way was Idaho-based Coeur d’Alene Mi…
Gympie’s Southland colliery evacuated (January 05, 2004)
Abnormally high methane concentrations at the Southland colliery in New South Wales, Australia, have forced operator Gympie Gold (GGD-L) to evacuate the mine.A mined-out area near an actively producin…
Seeking specialization
Economic diversification makes rural communities less vulnerable to economic variability, according to the latest edition of Rural and Small Town Canada Analysis Bulletin.The authors, Marjorie Page an…
Canadian Stock Exchange Indices (January 05, 2004)
DateDec. 29Dec. 26Dec. 25Dec. 24Dec. 23HighLowTSX Composite8260.54…
MacMillan eyes private placement (January 05, 2004)
Junior MacMillan Gold (MMG-V) is trying to raise $1 million to fund an ongoing drill program at its Cerro de Oro gold-silver project near Zacatecas, Mexico.In early December, MacMillan renewed drillin…
Mongolia gives licences to Ivanhoe
Government officials in Mongolia have issued four 60-year mining licences to Ivanhoe Mines (IVN-T).The licences, which are renewable for an additional 40 years, cover 238 sq. km, including the company…
Verena dusts off Bonfim (January 05, 2004)
With $1.8 million in hand from a private placement, Verena Minerals (VML-V) is preparing to dewater and refurbish underground workings at the Bonfim gold-tungsten-bismuth project, 120 km west of Natal…
Kinross drops Pac Rim shares
Kinross Gold (K-T) has sold its entire stake in junior Pacific Rim Mining (PMU-T); the 17.6 million shares sold represent 22% of the latter’s share base.Toronto-based GMP Securities says institutional…