Exchange Rates (September 30, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 24Sept. 23Sept. 20Sept. 19Sept. 18US$ in C$1.58551.58451.5730…
News
Odyssey grabs Turkish prospect (September 30, 2002)
Odyssey Resources (YOD-V) has mobilized a drill to the Trab 23 copper-gold-molybdenum prospect, 75 km south-southeast of Trabzon on the Black Sea coast of Turkey.The company recently inked a deal to a…
Junior market hits all-time low
Vancouver — A lack of buyers combined with a wave of sell orders pushed Canada’s junior exchange to record-setting lows over the report period ended Sept. 24. The TSX Venture Exchange composite index…
La Fortuna grows again (September 30, 2002)
A new resource estimate by Noranda (NRD-T) has expanded by 72% the tonnage of secondary mineralization at the El Morro copper-gold deposit in Chile.Noranda can earn a 70% stake in El Morro from Metall…
Crystallex inks Las Cristinas deal (September 30, 2002)
Vancouver — Less than two weeks after being granted the “right to negotiate,” Crystallex International (KRY-T) and Corporacion Venezolana de Guayana (CVG) have agreed to advance the long-stalled Las …
Mines ministers split on free trade
Canada’s chief political spokesmen for the mining industry appear to be at odds over the recent Canada-U.S. free-trade agreement. In a recent interview with The Northern Miner, the federal mines minis…
Equatorial cited for work
Equatorial Mining has received an award from the state of Nevada for reclamation work on its Tonopah heap-leach copper project, 320 km north of Las Vegas.The governor’s Excellence in Mine Reclamation …
John D. Frey
John D. (Jack) Frey, a former dean of the Haileybury School of Mines, has died. He was 75.Born in Cranbrook, B.C., in 1926, he graduated from the University of British Columbia in 1949 with a B.A.Sc. …
Higher gold prices take toll on demand
Faced with a stronger U.S. dollar price and an uncertain economic outlook, global demand for gold fell 14.3% to 729 tonnes during the second quarter, according to Gold Demand Trends, published by the …
Alex Perron
Kirkland Lake prospector and mining entrepreneur Alex Perron has died from complications resulting from cancer. He was 65.Perron, who revived the Kerr Addison mine in Larder Lake after it was closed b…
Ivanhoe reports hot hole at Turquoise Hill (September 30, 2002)
The Turquoise Hill copper-gold project of Ivanhoe Mines (IVN-T) in Mongolia’s South Gobi region just got bigger.A hole drilled at the virgin Far North zone returned 638 metres averaging 1.61% copper a…
More drills headed to Norman (September 30, 2002)
Drilling by FNX Mining (FNX-T) and contract miner Dynatec (DY-T) continues to cut wide zones of copper-rich massive sulphide mineralization at the Norman property, near Sudbury, Ont.The widest of the …