Drilling expands La Fortuna (April 15, 2002)
Drilling on Metallica Resources’ (MR-T) El Morro copper-gold project in Chile has extended the main La Fortuna deposit north and northwest.Hole 30 cut 111 metres (from 184 metres below surface) of sec…
News
Guyana pursues placement
Guyana Goldfields (YGI-V) will attempt to raise $400,000 by way of a brokered private placement.The placement comprises 1 million units priced at 40 each. A unit consists of a share and half a warran…
De Beers denies hidden agenda
De Beers is defending itself against allegations of monopolistic behaviour toward a black empowerment group.The major’s relationship with New Diamond Corp. (NDC) came into question after the Johannesb…
LME Warehouse Levels (April 15, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 9 (change from April 2 in brackets):MetalStock (tonnes)ChangeAluminium1042825(+…
AIM steps up marketing drive in Canada
Fresh from a marketing coup in Australia, representatives of the London Stock Exchange’s Alternative Investment Market (AIM) are wooing Canadian juniors that might benefit from a London listing.AIM is…
Rally ends as gold price slips
A 3-week rally by U.S. gold producers was abruptly halted during the April 3-9 report period, as bullion prices took a strong turn for the worse.In London, spot gold was off US$7.15 from the previous …
Drilling a bust at Mackay Lake
Drilling by ATW Resources on the Mackay Lake property in the Northwest Territories has failed to find the source of a prominent indicator mineral dispersion train which has been traced over 25 km.No k…
Kennecott expands potential of Anuri
The first hole of a spring drilling campaign on the Rockinghorse property in Nunavut has expanded the tonnage potential of the highly diamondiferous Anuri pipe. The project is in the Coronation Gulf d…
OSC charges Lydia Diamond
The Ontario Securities Commission has ordered a hearing into alleged violations of the Securities Act by executives of Lydia Diamond Exploration (LDIA-C).The Commission alleges that the couple who ser…
PEOPLE (April 15, 2002)
Alcoa — Carlos Ghosn appointed director.Crew Development — Jan Vestrum appointed president and CEO.Cumberland — Brad Thiele appointed vp, Meadowbank project development.Dia…
Sultan confirms continuity at Kena (April 15, 2002)
Vancouver — Drilling by Sultan Minerals (SUL-V) at the Kena property in southeastern British Columbia has confirmed the presence of high-grade mineralization in the Gold Mountain zone.The program con…
Saskatoon to host meeting
“Saskatoon 2002,” the joint annual meeting of the Geological Association of Canada and the Mineralogical Association of Canada, will be held May 27-29 at the University of Saskatchewan.Hosted by the u…