Geomaque seeks exploration funding
Having no cash to spare for exploration, Geomaque Explorations (GEO-T) shall attempt to raise $1.5 million through a private placement.The offer, which is being brokered by Haywood Securities, entails…
News
Namco revival still iffy
With all four of its production vessels at sea, Namibian Minerals (NMR-T) is producing considerably more diamonds these days, but whether it can rise from the red remains unclear.The company (Namco), …
Northern Miner Indices (September 02, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
LME Warehouse Levels (September 02, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 27 (change from August 20 in brackets):MetalStock (tonnes)ChangeAluminium1293775…
SouthernEra takes Messina to the bank (September 02, 2002)
A bankable feasibility study of the Phase 2 project on the Doornvlei property at the Messina platinum group metals (PGM) mine in South Africa, has come back positive for SouthernEra Resources (SUF-T)….
Pele finds small stones (September 02, 2002)
Pele Mountain Resources (YPN-V) has uncovered more than 20 volcanic units in a 9-sq.-km area of the Festival property, near Wawa, Ont.The intermittently outcropping units reach widths of up to 100 met…
Int’l Minerals picks up Peruvian property
International Minerals (IMZ-T) has signed an option deal to take on a property in southern Peru.The property, Pallancata, is 240 km southeast of Ayacucho in an area of Tertiary-aged volcanic rocks. Th…
Silver Standard cuts more silver at San Marcial (September 02, 2002)
Vancouver — Silver Standard Resources (SSO-V) has intersected significant silver mineralization during an 8-hole drill program at its San Marcial silver property, 90 km east of Mazatlan, Mexico.The r…
Tiomin eyes $3m for Kwale
Tiomin Resources (TIO-T) has inked a deal paving the way for Harris Partners to use their best efforts to raise up to $3 million via a private placement of up to 15 million units.Each unit, comprising…
Muskox drills in Nunavut
Hoping to cut more sulphides enriched in platinum and palladium, Muskox Minerals (MSK-V) is drilling a large geophysical anomaly along the northern boundary of the Muskox intrusion in Nunavut.The Musk…
Andean cuts losses
With the Santa Rosa project in commercial production, Andean American Mining (AAG-V) narrowed its losses for the three months ended June 30.Andean posted a net loss of $120,458 for the quarter, compar…
Rietfontein yields broad low-grade nickel (September 02, 2002)
Vancouver — Initial drilling by Robert Friedland-led African Minerals into the western side of the Rietfontein property in South Africa has returned widespread intervals of low-grade nickel-copper-pl…