Monument Bay yields gold
Drilling by partners Bema Gold (BGO-T) and Wolfden Resources (WLF-T) has intersected two gold-mineralized shoots near the Twin Lakes West zone on the Monument Bay property, 650 km northeast of Winnipe…
News
Birim extends Tombe-Parabu (December 29, 2003)
Reverse-circulation drilling by Birim Goldfields (BGI-T) on the Bui project in Ghana, West Africa, has extended the Tombe-Parabu North gold discovery some 70 metres to the north.Hole 186 encountered a…
Junior exchange breaks downward spiral
Vancouver — Canada’s junior exchange managed to chase away the Grinch over the week ended Dec. 22 as investors showed a renewed interest in speculative issues. The S&P-TSX Venture Exchange composite …
The Northern Miner Indices (December 29, 2003)
North American Mining: 110.03 (+2.46)Small Producers: 106.96 (+1.51)(Sept. 30/98 = 100)…
Anooraq drills Drenthe
Infill drilling by Anooraq Resources (ARQ-V) has reduced, by half, the drill-hole spacing on the central portion of the Drenthe farm, in South Africa’s Bushveld igneous complex.Highlights from the pro…
Navidad shows bulk-tonnage potential
Although the initial results from the first-ever drilling on the Navidad silver grassroots discovery were not as spectacular as the market was anticipating, the grades would nonetheless seem to indica…
LME Warehouse Levels (December 29, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 19 (change from Dec. 16 in brackets):MetalStock(tonnes)ChangeAluminium1420225(+2…
The Lomborg roast
Ever since Danish statistician and political scientist Bjorn Lomborg wrote the best-selling The Skeptical Environmentalist, his metaphorical “Wanted” poster has adorned the walls of the environmental …
Metals Commentary: Bright outlook for precious metals
All the key trends that have contributed to rising gold prices over the past year remain in place. The strong price recovery in commodities across all sectors continues to attract investment into prec…
Miners hit new highs
With base metal prices rising across the board in response to a weakening U.S. dollar, U.S.-listed base metal majors basked in new multi-year highs during the 4-day period ended Dec. 22.Alcoa led the …
Gold Fields enters Peru
South Africa’s Gold Fields (GFI-N) has agreed to acquire a 92% interest in Peruvian-based Sociedad Minera La Cima. No price was reported, as financial details were still being discussed.Sociedad Miner…
Rio Blanco looks good
Prefeasibility work by GRD Minproc for London-based Monterrico Metals (MNA-L) at the Rio Blanco copper project in Peru suggests a net present value of US$320 million and an internal rate of return of …