Mustang drops McAra Lake
Failing to turn up any significant alteration halos around seven airborne geophysical anomalies, Mustang Minerals (YMU-V) has dropped its option on the McAra Lake properties, near Shining Tree, Ont.In…
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High River Gold fills in Berezitovoye
High River Gold Mines (HRG-T) is encouraged by the results of a 25-hole program of infill drilling at its Berezitovoye project in southern Siberia.The drilling was designed to bring the project’s repo…
Spot Prices Wednesday July 9, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$345.45-5.75Silver$4.74+0.18Platinum$665.00-8.00P…
Daily Metal Prices (July 14, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 8July 7July 4July 3July 2Al Alloy1378/1370…
Canadian Stock Exchange Indices (July 14, 2003)
DateJuly 8July 7July 4July 3July 2HighLowTSX Comp7089.607068.437001.886999.786990.30…
Cameco mining again at McArthur
Mining has resumed about a month earlier than expected at Cameco’s (CCO-T) McArthur River uranium mine in Saskatchewan.The mine shut down in early April when flooding caused a 10-metre-long portion of…
Newmont lowers Yandal offer (July 14, 2003)
Vancouver — Newmont Mining (NEM-N) has placed its Australian subsidiary, Newmont Yandal Operations, under voluntary administration.The move follows a failed attempt to buy back some US$237 million in…
More kimberlites found at Churchill
The discovery of two more kimberlites during a first pass of drilling on the Churchill project, north of Rankin Inlet in Nunavut, brings the total number of kimberlite bodies found to date to seven.Sh…
Diamondex broadens search
Not to be outdone by the recent kimberlite discoveries near Rankin Inlet and on the Melville Peninsula in Nunavut, Diamondex Resources (DSP-V) has developed its own exploration play in the Northwest T…
Fronteer eyes TSX listing
Vancouver — Fronteer Development Group (FRG-V) has been conditionally approved for a listing on Canada’s major bourse.Trading on the Toronto Stock Exchange is still subject to compliance with all the…
Far North extension adds value to Oyu Tolgoi
Using more than a dozen drill rigs to define the extent of the Far North discovery at Oyu Tolgoi in Mongolia’s South Gobi region, Ivanhoe Mines (IVN-T) is encountering some of the best values to date …
Caution in order despite palladium’s rise
(The following is a second instalment from The Commodity Refiner, a monthly publication of Barclays Capital Research.)Palladium prices recently rose from 6-year lows below US$150 per oz. to more than …