Lending Rates (March 11, 2002)
as of 4 pm ET, Mar. 5, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.92LIBOR US$ 6-month2.09LIBOR US$ 1-year2.59Gold lease 3-month0.62Gold lease…
News
The Northern Miner — North American Mining Index (March 11, 2002)
78.99 (-1.15)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (March 11, 2002)
72.44 (+4.64)(Sept. 30/98 = 100)…
FPO Otish Mountains rush augurs well for diamond search in ’02
Exploration for diamonds in Quebec heated up with a massive staking rush late last year after Ashton Mining of Canada (ACA-T) confirmed that two “kimberlitic” discoveries in the Otish Mountains region…
Raymor takes steps toward lithium metal production
After several years of metallurgical research, Ste. Foy, Que.-based Raymor Industries (RAR-V) is preparing to build a pilot plant that will produce lithium metal directly from the lithium-ore mineral …
Anglo find fails to launch Philippine flurry
Vancouver — Mining companies willing to face considerable political risks have been rewarded with impressive exploration results in the Philippines. However, advancing discoveries to the development …
Axmin seeks West African gold
Many major gold companies have pulled in their horns over the past four years, rendering a good number of African exploration properties inactive. This has presented an opportunity for junior explorer…
Sudbury PGM play enters new phase
Though nowhere near last year’s record highs, palladium is still trading at three times the historical range, and that bodes well for a group of companies exploring for platinum-group-metal (PGM) depo…
Corriente, BHP Billiton, Lowell make progress in Ecuador
Exploration drilling in Ecuador’s Corriente copper belt by partners Corriente Resources (CTQ-T) and BHP Billiton has delineated a significant copper-gold resource in the Mirador deposit.The Corriente …
Ivanhoe finds gold-rich copper zone at Turquoise Hill
Encouraged by the potential of the Turquoise Hill copper-gold project in southern Mongolia, Ivanhoe Mines (IVN-T) has assigned three drill rigs to the Central Oyu zone, where it recently cut a signifi…
New wave of explorers seeks Olympic Dam-type deposits
A quarter-century after the Olympic Dam discovery in Australia left geologists struggling to classify the giant oddity they’d found, a new and better-informed wave of exploration for Olympic Dam-style…
FPO Pacific Rim, Dayton propose merger
In what has been described as a “win-win situation” by both parties, Pacific Rim Mining (PFG-T) and Dayton Mining (DAY-T) are proposing a merger. Management of Pacific Rim likes the high-grade potenti…