Ashton still bullish on Otish Mountains
Six years of regional reconnaissance exploration by Ashton Mining of Canada (ACA-T) and Soquem in the eastern Superior Craton of northern Quebec paid off in the fall of 2001 with the discovery of two …
News
News – 17-JUN-02
Koffiefontein mine goes platinum
The National Occupational Safety Association (NOSA) of South Africa has awarded five plantinum stars to De Beers’ Koffiefontein diamond mine, in the Free State.It is the highest rating a mine can rece…
Correction (June 17, 2002)
The photo accompanying the story “Newmont unfazed by first-quarter loss” (T.N.M., May 27/02) carried the caption “Construction of the Sage mill in Nevada during the mid-1990s.”The photo printed in the…
The Northern Miner — Small Producers Index (June 17, 2002)
94.25 (-7.84)(Sept. 30/98 = 100)…
Slave Craton district still hot as market awaits results
Although recent exploration by Ashton Mining of Canada (ACA-T) in Nunavut resulted in the discovery of two new kimberlites, the market’s focus is chiefly on the Artemisia and Potentilla pipes, from wh…
Fort la Corne play takes shape
Saskatchewan is the Rodney Dangerfield of diamond plays: it gets no respect.After a decade of lethargic exploration and mundane results, which were eclipsed by the more exciting discoveries in the Lac…
Making the grade: Diamonds take forever
Finding a kimberlite pipe, the peculiar rock type and formation that hosts most of the world’s significant diamond deposits, is a tall order; finding one that actually contains diamonds, even more so….
Gold Funds (June 17, 2002)
Gold Funds as at June 6, 2002DundeePrecious MetalsCentral FundNet Value$25.34$6.01Price…
Inco, Newfoundland reach Voisey’s deal
Nickel producer Inco (N-T) and the government of Newfoundland and Labrador have reached an agreement under which Inco will get a mining lease for the Voisey’s Bay nickel project in Labrador.The deal, …
New bedrock exposures expand Wawa diamond play
Diamond exploration in Ontario has had several false starts since speculation about the origin of gems in glacial drift south of the Great Lakes led explorers to the province more than a century ago.L…
Lending Rates (June 17, 2002)
as of 4 pm ET, June 11, 2002(%)Bank of Canada2.75Canadian Prime4.25U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.89LIBOR US$ 6-month2.03LIBOR US$ 1-year2.51Gold lease 3-month0.39Gold leas…