Large diamonds gleaned from Gahcho Kue
The latest bulk-sample results from the Gahcho Kue joint-venture project in the Northwest Territories indicate the presence of big-carat diamonds in the Hearne kimberlite pipe.The Hearne and 5034 pipe…
News
Tiberon expands prefeasibility at Nui Phao
Vancouver — Tiberon Minerals (TBR-V) has expanded the scope of its prefeasibility study of the Nui Phao tungsten-polymetallic deposit in northern Vietnam.Recent work suggests operating costs may be l…
LME Warehouse Levels (November 25, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 19 (change from Nov. 12 in brackets):MetalStock(Tonnes)ChangeAluminium1289125(+2…
Ceramics fuel feldspar demand
Strong growth in the production of ceramics, particularly in Italy, Spain and China, continues to push up demand for feldspar, according to a report by London-based Roskill Information Services.The st…
Odds ‘n’ sods: Flying over Red Lake
The idea of flying prospectors and supplies into the field occurred to John Hammel in 1925, when he engaged the air service branch of the Ontario Department of Lands and Forests to fly 15 tons of supp…
Spot Prices Wed. November 13, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$319.00-$4.20Silver$ 4.55-$0.02Platinum$593.00+$…
Exchange Rates (November 25, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13US$ in C$1.58521.59021.58…
Bema arranges bought-deal financing
Bema Gold (BGO-T) has entered into a bought-deal financing with a syndicate of firms led by Canaccord Capital and Haywood Securities, worth an initial $5 million, with an option that could gross as mu…
North American Palladium overcomes mill problems
Despite an operational setback, North American Palladium (PDL-T) earned $2.9 million in the third quarter as revenue soared beyond $42.7 million.In early September, North American was forced to shut d…
Producer and Dealer Prices (November 25, 2002)
Antimony: Mid-mkt US$2,800/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.10/lb.Copper: Comex Dec US$0.727/lb.
Canico cuts new zone
Vancouver — An ongoing 11,000-metre drill program has uncovered a new zone of nickel laterite mineralization at the Ona-Puma project in northern Brazil.Canico Resource (CNI-V) intersected the zone i…
Raglan area hot, junior market not
Vancouver — Canada’s junior exchange remained stuck in neutral despite a strong showing by select issues during the report period ended Nov. 19. The S&P TSX Venture Exchange composite index lost 1.54…