The dowser
There was a local promoter years ago in Nova Scotia who was obsessed with what he called his “mothers,” or motherlodes, on his gold property, which was in an old mining district famous for its gold de…
News
Kinross exec at luncheon
Scott Caldwell, chief operating officer of Kinross Gold, will speak at a luncheon of the Canadian Institute of Mining, Metallurgy and Petroleum, slated for Sept. 19, at the Ontario Club in Toronto.Cal…
SouthernEra tables resource
SouthernEra Resources (SUF-T) and equal partner Mvelaphanda Resources, a black empowerment group, have tabled an independently verified initial evaluation of three recently awarded platinum properties…
Ventersdorp gathers steam in South Africa
Partners Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have inked a $1-million loan agreement with South Africa’s Industrial Development Corp. The funds will be used to develop and ex…
Antofagasta proves profitable (September 09, 2002)
Bucking the trend of many copper producers, Antofagasta posted a profit of US$52.5 million for the first six months of 2002.This marks an 84% jump over the US$28.5 million tallied in the first six mon…
AMI samples high grade at Adumasa project
AMI Resources (AMU-V) has tabled impressive results from ongoing pitting and trenching at the Adumasa project in Ghana, West Africa.The program is testing surface mineralization between holes ADDD007 …
Redcorp aims drill at Hawk in BC
Redcorp Ventures (RDV-T) has launched a 1,500-metre drill program on its Hawk gold project in north-central British Columbia.Surface sampling traced two parallel veins over a 3-km strike length at the…
LME Warehouse Levels (September 09, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 3 (change from August 27 in brackets):Metalstock (tonnes)ChangeAluminium1299525…
Novicourt takes a loss in second quarter
Noranda’s (NRD-T) 62.1%-owned base metal subsidiary, Novicourt (NOV-T), continues to suffer the ills of low copper and zinc prices.The company posted a second-quarter loss of $130,000 (or nil per shar…
Bullmoose slashes workforce
Vancouver — The Bullmoose coal mine in northeastern British Columbia is reducing its workforce as the deposit nears depletion.Forty-three employees were recently laid off, reducing the total workforc…
Mountain Province soars on release of diamond counts
Spooked by more dreary economic figures down south, sellers outpaced buyers here at home to leave the broad market 201.79 points behind. The Toronto Stock Exchange Composite Index finished the holiday…
Mongolia makes pitch to investors
Mongolia has introduced measures aimed at encouraging development of its mineral resources.The government will double its existing budget for geologically mapping the entire country at a scale of 1:20…