LME Warehouse Levels (July 23, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 17/01 (change from July 10 in brackets):Metalstock (tonnes)ChangeAluminium621825…
News
Resource estimate under way at River Valley (July 23, 2001)
Having sunk an additional 16,000 metres, Pacific North West Capital (PFN-T) is proceeding with an independent resource estimate of the Dana Lake zone at the River Valley project in northern Ontario.De…
Crank up the guilt machine Line up the yellow pads
Almost every ancient civilization had rulers and mystics who claimed a direct link to deities ruling heaven and earth. But when droughts, floods, pestilence and other calamities came along, they blame…
Black Swan executive trims stock holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:- Black Swan Resources (BSW-T) — Kenneth Judge, director and owner of more …
Partners pull more gold at Madrid
Drilling at the Naartok gold deposit, east of Bathurst Inlet in Nunavut, has returned more mineralized intersections for partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T).Seven drill holes at …
New kimberlite found on Rockinghorse
Drilling by Kennecott Canada Exploration on Tahera’s (TAH-T) Rockinghorse property in Nunavut has uncovered a new kimberlite body.The so-called Anuri kimberlite was discovered near the head of the pro…
King drilling advances in Far North
Vancouver — Diamondex Resources (DSP-V) is stepping up the pace of exploration at its wholly owned King property in the Northwest Territories.The junior is drilling holes 4 and 5 as part of a $2.7-mi…
Falling Metal Prices crush Falco’s earnings
Slumping nickel, copper and zinc prices more than halved Falconbridge’s (FL-T) earnings during the three months ended June 30.The company posted earnings of $55.8 million (or 30 per share) for the th…
Wolfden drills High Lake
Infill drilling by Wolfden Resources (YWO-V) at the High Lake copper-zinc deposit in Nunavut has returned high copper grades.Four holes were recently completed on the deposit, about 500 km northeast o…
Gold formed from colliding stars
Where does gold come from?The most abundant elements found in nature, such as oxygen and carbon, are seen throughout the universe, the products of exploding stars known as supernovas. Scientists agree…
Northern Miner Indices (July 23, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
METAL PRICES (July 23, 2001)
DateJuly 17July 16July 13July 12July 11BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)b>Aluminium1419/14461419/14461424/1450.501426/14…