Drill turns at Elk
Vancouver — Aiming to expand the known resource of the Siwash North and WD vein systems, junior Almaden Minerals (…
News
Queenston begins drilling at Kirkland Lake
On the heels of last week’s $5-million financing, Queenston Mining (QMI-T) has closed the buying-out of Newmont Min…
PEOPLE (July 22, 2002)
Anglovaal — Richard Menell appointed chairman; David Murray appointed CEO; Jan Steenkamp appointed COO.Athlone — Henk Van Alphen appointed director.
NovaGold cuts high-grade gold at Donlin (July 22, 2002)
Stepout drilling by NovaGold Resources (NRI-T) has cut high-grade gold near the Donlin Creek deposit in southwestern Alaska.The holes were collared halfway between the Acma deposit and the Akivik zone…
News – 22-JUL-02
Alcan closes Bracebridge plant
After 32 years, Alcan Aluminum has closed its cable-making plant in Bracebridge, Ont.Copper wire accounted for 70% of the plant’s output, and Alcan blames the closure on a continued slump in demand fo…
Gold Funds (July 22, 2002)
Gold Funds as at July 11, 2002Dundee Precious MetalsCentral FundNet Value$23.48$5.91Price$17.45…
Correction (July 22, 2002)
The editorial in our July 15-21 issue was cut off without its last line. The last sentence should have read, “That means secure property rights and the enjoyment of income, resources or no resources.”
Base metals demand poised to improve
While the main global themes of collapsing equity markets and dollar weakness continue to dominate the headlines, it is perhaps not surprising that some positive developments in base metals raw materi…
Caledonia dusts off Barbrook gold mine
With the price of gold on the rise, Caledonia Mining (CAL-T) is re-evaluating the geology at its Barbrook mine in South Africa, hoping to resume production.Production was suspended in the summer of 19…
Aluminum smelter planned for Vancouver Island
A proposed 360,000-tonne-per-year aluminum smelter on Vancouver Island could be operating in 4.5 years.Alberni Aluminum, or Al2Co., will pursue regulatory approval for the $1.5-billion project in Port…
Pacific Minerals drill-tests 217 Gold project
Pacific Minerals (PMZ-V) will oversee a 5,000-metre program of diamond drilling on the 217 Gold project in Inner Mongolia.Crews will test the main Northeast Gold zone, which is 1,600 metres long and u…