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$290-per-oz. trading range and quietly drifting down to…
News
Metal Prices (October 15, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ 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…
Altius cuts gold at Moosehead
A hole drilled at the Moosehead property in central Newfoundland has returned high-grade gold values for partners Altius Minerals (ALS-V) and Sudbury Contact Mines (SUD-T).Hole 13 intersected 17.1 met…
Majescor aims drills at Wemindji
Vancouver — A series of financings has paved the way for Majescor Resources (MAJ-V) to ramp up exploration at two promising diamond properties in northern Quebec.The non-brokered private placements t…
Starfield hits high grades at Ferguson Lake
Vancouver — Starfield Resources (SRU-V) cut a narrow, high-grade platinum and palladium horizon on the West zone of the Ferguson Lake deposit, near Rankin Inlet in Nunavut. (The deposit also contains…
Anooraq granted renewal on Platreef
Vancouver — Armed with a $3.2-million financing, Hunter Dickinson-led Anooraq Resources (ARQ-V) has been granted a 5-year exploration renewal on its Platreef platinum group metals (PGM) properties in…
High River ups Buryat holding
High River Gold Mines (HRG-T) has bought a further 10% shareholding in Buryatzoloto, the Russian company that operates the Zun-Holba and Irokinda mines in the Buryat region in eastern Russia.The value…