De Beers funds lab at U of A
A partnership between De Beers Canada and the University of Alberta has given rise to Canada’s first diamond research laboratory.The diamond miner will donate $100,000, which will be used for equipmen…
News
People (September 22, 2003)
Alcoa — Klaus Kleinfeld appointed director.Corriente — Anthony Holler appointed to board; Catherine Mcleod-Seltzer resigned as director.European Goldfields — Gordon Toll appointed dire…
Odyssey trenches Tavsan
Junior Odyssey Resources (ODX-V) has begun trenching its Tavsan property in hopes of uncovering a near-surface sediment-hosted gold deposit.Situated in western Turkey, Tavsan was first explored by Tec…
Newmont drops Kinross shares
Newmont Mining (NEM-N) has sold 28 million of its 43.2 million shares in Kinross Gold (K-T) to a group of dealers led by Griffiths McBurney & Partners and RBC Dominion Securities for US$218 million, b…
Imperial drills Mt. Polley
Vancouver — Looking to reinvigorate the dormant Mount Polley copper-gold mine in British Columbia, owner Imperial Metals (III-T) has a drill rig turning on a newly discovered zone, some 1.5 km northe…
Glencairn, Black Hawk ink merger deal
Vancouver — Glencairn Gold (GLJ-V) and Black Hawk Mining (BHK-T) have signed a merger agreement.Black Hawk’s shareholders will vote on the deal at a meeting scheduled for early October. The company’s…
Shear, Stornoway add to Churchill discoveries
A second round of drilling on the Churchill diamond project, near Rankin Inlet in Nunavut, has resulted in the discovery of four new kimberlite bodies, bringing the total number of kimberlites found s…
Dios finds kimberlite
Diamond explorer Dios Exploration (DOS-V) has uncovered a couple of kimberlitic occurrences on its wholly owned Hotish project, 100 km south of the Renard cluster in north-central Quebec.Crews interse…
Spot Prices Wed., Sept. 17, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$372.90-8.25Silver$5.16-0.05Platinum$696.00-7.00P…
Exchange Rates (September 22, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 16Sept. 15Sept. 12Sept. 11Sept. 10US$ in C$1.36901.36591.3630…
Birim cuts gold in Ghana
Reconnaissance drilling by Birim Goldfields (BGI-T) has led to the discovery of several gold prospects at the Bui project in west-central Ghana.The program, entailing 3,411 metres in 59 reverse-circul…
TSE finds footing before closing bell
Despite some teeter-tottering, and no thanks to the golds, the Toronto Stock Exchange composite index ended the Sept. 10-16 period 28.98 points ahead at 7,625.37.Precious metal prices were down across…