Partners boost grade
Preliminary production off the coast of Namibia is turning up higher grades for partners Diamond Fields International (DFI-T) and Trans Hex Group of South Africa.The partners report that recent survey…
News
Dow plunges in wake of tragedy
Denver — Nearly a week after the terrorist attacks on New York City and Washington D.C., trading resumed in a strongly negative fashion. The Dow Jones industrial average plunged 702.11 points, or 7.3…
Northgate pulls hot holes near Kemess
Vancouver — Northgate Exploration (NGX-T) has cut some impressive gold and copper grades at the Kemess North project in north-central British Columbia. The deposit is about 5 km north of the producin…
Russians step up pressure on Archangel
Denver — LUKoil, Russia’s largest oil company, is pressuring Archangel Diamond (AAD-V) to sign a document terminating all rights to the Verkhotina diamond licence in northern Russia.Archangel was giv…
Goldfields, Delta to merge
Vancouver — Goldfields and fellow Australian gold miner Delta Gold have inked a merger deal that will catapult the new company to the million-ounce-per-year level. The merged entity will rank as one …
Dianor investigates anomalies (September 24, 2001)
Dianor Resources (DOR-M) has begun field work over 14 airborne magnetic anomalies in the James Bay region of Quebec.The anomalies are clustered in a 100-sq.-km area, within granitic terrain near sever…
MZ Lake yields diamonds
Vancouver — Three of the four near-surface, sub-parallel kimberlite sills cut by De Beers Canada Exploration in the MZ Lake area have returned varying amounts of microdiamonds.The major hit the sills…
Queenstake finances Magistral
Two separate agreements have provided Queenstake Mining (QRL-V) with the financing and equipment needed to place its wholly owned Magistral gold project into production.The proposed heap-leach project…
METAL PRICES (September 24, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)b>DateSept. 18Sept. 17Sept. 14Sept. 13Sept. 12…
Manhattan Minerals determined to advance Tambo Grande
Manhattan Minerals (MAN-T) has raised $5.4 million in a private placement, with a considerable portion of the proceeds earmarked for the Tambo Grande gold and base metal project in northern Peru.Natio…
Correction (September 24, 2001)
TVX Normandy Americas, the joint venture between TVX Gold (TVX-T), with a 50.1% interest, and Normandy Mining (NDY-T), with 49.9%, holds a half-interest in the New Britannia mine in Manitoba, which it…
Mustang, Falco join forces
Vancouver — Mustang Minerals (YMU-V) has joined forces with Falconbridge (FL-T) to explore for diamonds in the Marten River area, near North Bay, Ont.Mustang has obtained a half-stake in the Marten R…