John D. Frey
John D. (Jack) Frey, a former dean of the Haileybury School of Mines, has died. He was 75.Born in Cranbrook, B.C., in 1926, he graduated from the University of British Columbia in 1949 with a B.A.Sc. …
News
Genesis surrenders more stones for Pele
Pele Mountain Resources (YPN-V) has recovered 53 commercial-size diamonds from a 4.5-tonne sample derived from the Genesis occurrence on the Festival property, near Wawa, Ont.The diamonds weigh a tota…
Junior market hits all-time low
Vancouver — A lack of buyers combined with a wave of sell orders pushed Canada’s junior exchange to record-setting lows over the report period ended Sept. 24. The TSX Venture Exchange composite index…
Exchange Rates (September 30, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 24Sept. 23Sept. 20Sept. 19Sept. 18US$ in C$1.58551.58451.5730…
Higher gold prices take toll on demand
Faced with a stronger U.S. dollar price and an uncertain economic outlook, global demand for gold fell 14.3% to 729 tonnes during the second quarter, according to Gold Demand Trends, published by the …
Odyssey grabs Turkish prospect (September 30, 2002)
Odyssey Resources (YOD-V) has mobilized a drill to the Trab 23 copper-gold-molybdenum prospect, 75 km south-southeast of Trabzon on the Black Sea coast of Turkey.The company recently inked a deal to a…
More drills headed to Norman (September 30, 2002)
Drilling by FNX Mining (FNX-T) and contract miner Dynatec (DY-T) continues to cut wide zones of copper-rich massive sulphide mineralization at the Norman property, near Sudbury, Ont.The widest of the …
La Fortuna grows again (September 30, 2002)
A new resource estimate by Noranda (NRD-T) has expanded by 72% the tonnage of secondary mineralization at the El Morro copper-gold deposit in Chile.Noranda can earn a 70% stake in El Morro from Metall…
Alex Perron
Kirkland Lake prospector and mining entrepreneur Alex Perron has died from complications resulting from cancer. He was 65.Perron, who revived the Kerr Addison mine in Larder Lake after it was closed b…
Ivanhoe ups ante in Pacific Minerals
Vancouver — Looking to get a foothold in China, Ivanhoe Mines (IVN-T) intends to acquire a 42.2% interest in junior explorer Pacific Minerals (PMZ-V).In June, Ivanhoe arranged a US$3-million private …
Ivanhoe reports hot hole at Turquoise Hill (September 30, 2002)
The Turquoise Hill copper-gold project of Ivanhoe Mines (IVN-T) in Mongolia’s South Gobi region just got bigger.A hole drilled at the virgin Far North zone returned 638 metres averaging 1.61% copper a…
Producer and Dealer Prices (September 30, 2002)
Antimony: Recent trades US$1,980-2,300/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-8.00/lb.Copper: Comex Dec US$0.709/lb.I…