Pundits predict good year for gold
Vancouver — The consensus among analysts during the latter half of 2002 was that lacklustre global economic growth would cap prices for base metals in 2003 but that geopolitical uncertainty and a wea…
News
Spike in gold price among highlights of 2002 Retrospection
The previous occupant of the editor’s chair here took to naming years for their characteristics. It was a useful way to encapsulate the mood of the year past, a metaphor for what fate dealt out each t…
An end to the plume theory?
Standard fare in geology textbooks and school classrooms across the world is that the hot springs, geysers and volcanoes of Yellowstone National Park, Hawaii, Iceland, and many other volcanic regions …
QGX confirms oxide gold in Mongolia
Vancouver — A 7-hole drill program centred on the Central Valley zone of the Golden Hill prospect in Mongolia has returned encouraging values for owner QGX (QGX-V).The first two holes proved to be th…
Partners prove up River Valley
Vancouver — Intent on confirming the economic potential of the River Valley platinum-palladium property, partners Pacific North West Capital (PFN-T) and Anglo American Platinum (AAPTY-O) have doubled…
New Blue Ice showing delivers goods
A kimberlite showing discovered last summer by Diamonds North Resources (DDN-T) at its wholly owned Blue Ice property on the Nunavut portion of Victoria Island has yielded a high count of microdiamond…
Alcoa to upgrade Baie-Comeau
Pittsburgh, Pa.-based Alcoa (AA-N) intends to spend $1 billion upgrading its smelter in Baie-Comeau, Que., to begin in late 2003.Under a deal with the Quebec government, the aluminum giant will invest…
Drill results augur well for DRC at Afton
Vancouver — DRC Resources (DRC-V) has tabled encouraging assay results from its Afton copper project, near Kamloops, B.C.This season’s drill program is part of a $4.7-million exploration program reco…
Nevada Star outlines target in Alaska
Vancouver — Exploration by Nevada Star Resource (NEV-V) has outlined a large massive-to-disseminated polymetallic target in the Dunite Hill (formerly Tangle-Lake) complex of its MAN project in Alaska…
Producer and Dealer Prices (December 30, 2002)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.57/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.80/lb.Copper: Comex Mar US$0.7205/lb.Indium: Indi…
Eldorado cashes in
Eldorado Gold (ELD-T) has closed a $46-million financing with a syndicate of underwriters led by Yorkton Securities and including Sprott Securities, BMO Nesbitt Burns, TD Securities, National Bank Fin…
Odyssey drills Altintepe gold prospect
Vancouver — Looking to outline a bulk-mineable oxide gold system, Odyssey Resources (ODX-V) has begun diamond drilling on the Altintepe gold property, on Turkey’s Black Sea coast.Field work has ident…