Baraga anomaly a dud
Two scout holes drilled at the Baraga magnetic anomaly near Sault Ste. Marie, Ontario, have come up dry for North Atlantic Nickel (YNN-V).The company was testing the anomaly as a possible reflection o…
News
Shore sizes up Star kimberlite (October 15, 2001)
Junior Shore Gold (SGF-V) has recovered more stones from its Star kimberlite project, 60 km east of Prince Albert, Sask.A total of 63 macrodiamonds and 166 microdiamonds (here defined as being less th…
Drilling wraps up at Assean Lake (October 15, 2001)
Vancouver — Results from a 5,000-metre drill program by International Curator Resources (IC-T) shows that a steeply plunging high-grade shoot on the Assean Lake gold property near Thompson, Man., is …
Spot Prices Wed. October 10, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$286.50-$3.45Silver$ 4.49-$0.10Platinum$424.00-$…
End of rainy season lures juniors back to Sierra Madre
Cash is trickling into the Sierra Madre gold camps in Mexico as the rainy season draws to a close and juniors launch exploration programs designed to outline new resources or test the feasibility of p…
Gold rally sputters following US retaliation
Well, so much for the gold rally. Prices for the yellow metal began a downward trend during the Oct. 3-9 report period, falling out of a tight US$290-per-oz. trading range and quietly drifting down to…
Metal Prices (October 15, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 9Oct. 8Oct. 5Oct. 4Oct. 3…
Annax probes Pondok Gambir prospect
Vancouver — Mapping and test-pitting by International Annax Ventures (IAX-V) have uncovered two massive sulphide prospects on the Dairi zinc-lead-silver property in North Sumatra, Indonesia.The two p…
Hucamp, Falco explore Timmins area
A joint venture between Hucamp Mines (YHU-V) and Falconbridge (FL-T) is spurring exploration in the Timmins camp of northern Ontario.Subject to regulatory approval, Falconbridge can earn up to a 75% s…
Glamis finds financing for Marigold
Looking for financing for its Marigold Millennium project in Nevada, Glamis Gold (GLG-T) has arranged a bought deal with $40 million in gross proceeds.The financing, arranged with Research Capital, BM…
Poem snares youth Junior Miner of the Year award
When Caitlin Kearns was given an assignment by her science teacher to write a poem about mineral use in our daily lives, she was just an 11-year-old with an interest in the subject matter. Today, she …
River issues more rights
A deal between River Gold Mines (RIV-T) and certain noteholders extends the maturity date for half of the company’s 9% promissory notes until Oct. 8, 2003.The noteholders, representing $1 million wort…