Gold slips back to low US$280s
The downward trend in gold prices that began after the U.S. started bombing Afghanistan continued through the Oct. 10-16 report period, with the yellow metal falling US$4.85 to fix at US$281.65 per oz…
News
Canadian Stock Exchange Indices (October 22, 2001)
DateOct. 16Oct. 15Oct. 12Oct. 11Oct. 10HighLowTSE 30070…
PNWC buoyed by resource estimate at River Valley
Vancouver — Pacific North West Capital (PFN-T) is encouraged by an independent resource estimate for its River Valley platinum group metal property, near Sudbury, Ont.The combined in situ resource of…
Producer and Dealer Prices (October 22, 2001)
Antimony: Mid-mkt US$1,400/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.75-9.00/lb.Copper: Comex Dec. US$0.644/lb.
Exchange Rates (October 22, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 16Oct. 15Oct. 12Oct. 11Oct. 10US$ in C$1.56191.55791.56…
Steel shipments continue fall
The U.S. shipped 68.1 million tonnes of steel during the first eight months of 2001, down 10% from the corresponding period in 2000, when 75.6 million tons were shipped.In August 2001, U.S. steel mill…
Masuparia cuts high grade at Greywacke
Vancouver — Junior Masuparia Gold (MPG-V) continues to intersect high-grade gold at its Greywacke project, 90 km northeast of La Ronge, Sask. The company is testing the continuity between gold interc…
Aripuana stepout confirms sulphides
Drilling by Anglo American (AAUK-Q) on an electromagnetic (EM) anomaly at the Aripuana property in Brazil’s Mato Grosso state has confirmed massive sulphides 500 metres along strike from the previous …
Sultan tables bonanza gold grades
Vancouver — The eighth hole drilled by Sultan Minerals (SUL-V) at the Gold Mountain porphyry zone, part of the Kena property, near Nelson, B.C., has returned a 2-metre section running an impressive 1…
Estimation Guidelines committee off and running
An Estimation Guidelines committee led by the Canadian Instiute of Mining, Metallurgy and Petroleum (CIM) and created as a result of recommendations of the Mining Standards Task Force is busy preparin…
Aurora cuts Lansdowne House reef
Vancouver — Junior Aurora Platinum (ARP-V) has discovered reef-style platinum-palladium mineralization at the Lansdowne House property, northeast of Thunder Bay, Ont.Hole 21, collared 120 metres of t…
CR cuts massive sulphides
Canadian Royalties (CZZ-V) has uncovered impressive base and precious metal values in the South Raglan trend in northern Quebec.Hole 4, drilled at the wholly owned Phoenix property in the Ungava Penin…