More funding for OPA
The Ontario government will provide more than $3 million, through the Northern Ontario Heritage Fund Corporation (NOHFC), to finish restructuring the Ontario Prospectors Association (OPA).In November …
News
Tiberon expands Nui Phao deposit (December 31, 2001)
Vancouver — Assay results from 11 stepout holes have expanded, to the east, west and south, the Nui Phao tungsten deposit in Vietnam. The property is in the country’s northern region, near Hanoi.Tibe…
Spot Prices Wed. December 12, 2001 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$278.90+$5.65Silver$ 4.49+$0.20…
Yukon extends tax credit
The Yukon government has extended its mineral exploration tax credit by one year to April 1, 2003. The announcement was made at the Yukon Geoscience Forum in Whitehorse.The credit is a refundable corp…
PEOPLE (December 31, 2001)
AMT International — Karine Simoes and Dora Santschi appointed directors.Boulder — Nelson Baker appointed vice-president exploration and John Magee appointed vp corporate development.Crew Developm…
Canadian Stock Exchange Indices (December 31, 2001)
— 52-week –DateDec. 25Dec. 24Dec. 21Dec. 20Dec. 19High…
Stock markets scrape bottom
TWENTY YEARS AGO/JANUARY 1982Anticipating an impending economic slump, stocks on all Canadian exchanges started reversing their long uptrend, ending 1981 sharply lower. In fact, the TSE suffered its t…
Sulliden’s drills stall at Mario (December 31, 2001)
Nearly out of cash, Sulliden Exploration (sue-t) has suspended a 3,500-metre drilling campaign on the Mario base metal property, 50 km southwest of Huancayo, Peru.Sullivan had drilled about 1,553 metr…
Gold Funds (December 31, 2001)
Dundee Precious MetalsCentral FundNet Value$13.47$5.41Price$9.30$5.16Discount30.964.6Value$94,293,000$105,193,131…
News – 31-DEC-01 (December 31, 2001)
Geomaque restructures, gets new board (December 31, 2001)
A financial restructuring at Geomaque Explorations (GEO-T) will see the company’s principal lender get a large net cash-flow interest on the Vueltas del Rio gold mine in Honduras.Geomaque reached an a…
Grassroots mineral exploration withered in past year
In 2001, metal prices fell to some of the worst levels ever, so junior explorers can be forgiven if virtually the only thing they developed in 2001 was the blues.New venture capital all but dried up, …