Market mayhem crushes miners
U.S. markets were extremely volatile and bearish over the report period ended July 16, with the general media often using the term “bungee-jump” to describe the intra-day moves of the main market indi…
News
Early signs of recovery
COMMENTARY/BC & YUKON CHAMBER OF MINESThe level of interest in mineral exploration in British Columbia has increased appreciably over the past several months, largely as a result of legislative and po…
Tagish Lake drills Skukum
Tagish Lake Gold (TLG-V) has dewatered the underground workings at the Skukum Creek property, 80 km south of Whitehorse, Y.T., in preparation for drilling.A structurally controlled, polymetallic gold-…
Base metals demand poised to improve
While the main global themes of collapsing equity markets and dollar weakness continue to dominate the headlines, it is perhaps not surprising that some positive developments in base metals raw materi…
MOST ACTIVE ISSUES, JULY 10-16
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Correction (July 22, 2002)
The editorial in our July 15-21 issue was cut off without its last line. The last sentence should have read, “That means secure property rights and the enjoyment of income, resources or no resources.”
Cumberland starts new Meadowbank drilling (July 22, 2002)
Cumberland Resources (CBD-T) has started a second phase of drilling on its Meadowbank gold project in Nunavut, following an earlier program that outlined a new zone of mineralization.The new program, …
Trans Hex weighs anchor at Marshall Fork
An internal dispute between Trans Hex Group of South Africa and Diamond Fields International (DFI-T) has ended their joint venture in Namibian coastal waters a little more than a year after it began.O…
N. Dynasty tags new zones at Pebble
Large alteration halos associated with copper-gold porphyry deposits often host a wide array of mineralizing styles, and the 89-sq.-km Pebble system in southwestern Alaska is no exception: a 5,300-met…
Hecla ups 2002 production targets
Continued operating success at the La Camorra gold mine in Venezuela and the San Sebastian silver mine in Mexico’s Durango state is allowing Hecla Mining (HL-N) to revise its production estimates for …
Kikerk Lake find carries diamonds
A kimberlite found this past spring by Ashton Mining of Canada (ACA-T) has proved diamond-bearing. The discovery was made on the Kikerk Lake joint-venture property in the Coronation Gulf district of N…
Teck Cominco joins Wolfden’s pack (July 22, 2002)
Teck Cominco (TEK-T) has entered into an agreement with Wolfden Resources (YWO-V) to participate in the exploration of the High Lake volcanogenic massive sulphide property on Bathurst Inlet in Nunavut…