Saskatoon to host meeting
“Saskatoon 2002,” the joint annual meeting of the Geological Association of Canada and the Mineralogical Association of Canada, will be held May 27-29 at the University of Saskatchewan.Hosted by the u…
News
Sultan confirms continuity at Kena (April 15, 2002)
Vancouver — Drilling by Sultan Minerals (SUL-V) at the Kena property in southeastern British Columbia has confirmed the presence of high-grade mineralization in the Gold Mountain zone.The program con…
PEOPLE (April 15, 2002)
Alcoa — Carlos Ghosn appointed director.Crew Development — Jan Vestrum appointed president and CEO.Cumberland — Brad Thiele appointed vp, Meadowbank project development.Dia…
OSC charges Lydia Diamond
The Ontario Securities Commission has ordered a hearing into alleged violations of the Securities Act by executives of Lydia Diamond Exploration (LDIA-C).The Commission alleges that the couple who ser…
Kennecott expands potential of Anuri
The first hole of a spring drilling campaign on the Rockinghorse property in Nunavut has expanded the tonnage potential of the highly diamondiferous Anuri pipe. The project is in the Coronation Gulf d…
Drilling a bust at Mackay Lake
Drilling by ATW Resources on the Mackay Lake property in the Northwest Territories has failed to find the source of a prominent indicator mineral dispersion train which has been traced over 25 km.No k…
Rally ends as gold price slips
A 3-week rally by U.S. gold producers was abruptly halted during the April 3-9 report period, as bullion prices took a strong turn for the worse.In London, spot gold was off US$7.15 from the previous …
AIM steps up marketing drive in Canada
Fresh from a marketing coup in Australia, representatives of the London Stock Exchange’s Alternative Investment Market (AIM) are wooing Canadian juniors that might benefit from a London listing.AIM is…
LME Warehouse Levels (April 15, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 9 (change from April 2 in brackets):MetalStock (tonnes)ChangeAluminium1042825(+…
De Beers denies hidden agenda
De Beers is defending itself against allegations of monopolistic behaviour toward a black empowerment group.The major’s relationship with New Diamond Corp. (NDC) came into question after the Johannesb…
Lending Rates (April 15, 2002)
as of 4 pm ET, Apr. 9, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.97LIBOR US$ 6-month2.23LIBOR US$ 1-year2.97Gold lease 3-month0.48Gold lease…
Guyana pursues placement
Guyana Goldfields (YGI-V) will attempt to raise $400,000 by way of a brokered private placement.The placement comprises 1 million units priced at 40 each. A unit consists of a share and half a warran…