Writedowns affect Manhattan’s earnings
Vancouver — Writedowns on the sale of its Mexican operations have prompted Manhattan Minerals (man-t) to restate losses for the 3- and 9-month periods ended Sept. 30, 2000.Excluding the charge from d…
News
Signs of hope for base metals
In the immediate term, base metals prices are in a more robust state than they have been for some time. Copper prices ended the report period Nov. 12-16 up 7.1%, aluminum was 6.7% stronger, and zinc g…
Northern Dynasty eyes Alaskan porphyry belt
Vancouver — Large copper-gold porphyry intrusions typically occur in clusters, and Northern Dynasty Minerals (NDM-V) is hoping the area around its newly acquired Pebble deposit in Alaska is no except…
Geochemistry from a hundred metres up
Ontario-based Ekwan Technologies is hoping to take a stranglehold on what it believes will be a large emerging market for an airborne system that maps geochemical alteration over large areas. The syst…
Seabed explorer Namco still struggling
Still suffering the effects of an underwater mining accident that damaged its NamSSol seabed crawler early in the year, Namibian Minerals (NMR-T) has posted a US$940,000 loss for the three months ende…
Golds fall again while nickel majors climb
Gold just can’t cut a break these days: spot prices fell steadily throughout the Nov. 14-20 report period to settle at a London morning fix of US$273.15 per oz. on Nov. 21. The yellow metal has lost n…
Mining index increases momentum
Vancouver — The report period ended Nov. 20 saw the third consecutive 3-digit gain for the mining sector. Nothwithstanding a poor performance by the oil and gas sector, the Canadian Venture Exchange …
Dia Bras eyes Guinean diamonds (November 26, 2001)
Montreal-based Dia Bras Exploration (DIB-V) has reached an agreement with Sagem, a private Guinean company, to earn a 60% interest in the Banankoro diamond permit.To do so, Dia Bras must pay $50,000 a…
Gayot reveals more mineralization (November 26, 2001)
Partners Virginia Gold Mines (VIA-T) and BHP Billiton (BHP-N) have discovered more polymetallic mineralization in Quebec’s Caniapiscau Reservoir area, northwest of Schefferville.Channel sampling yield…
Placer cuts Madsen updip
Drilling by Placer Dome (PDG-T) at Claude Resources (CRJ-T) has intersected four zones of gold mineralization at the historic Madsen mine in Ontario’s Red Lake camp.The effort was aimed at testing for…
Pacific NW Capital explores River Valley
With another $2.3 million in the till, Pacific North West Capital (PFN-T) is resuming exploration drilling at its River Valley platinum-palladium project, near Sudbury, Ont.To date, 138 holes at the D…
Esquel looking good for Brancote
The Esquel gold project in southern Argentina has enough reserves to sustain a proposed 5,000-tonne-per-day open-pit mine for 6.5 years, and London-based Brancote Holdings believes it can find additio…