Cdn Zinc finds more veins at Prairie Creek
Vancouver — Canadian Zinc (CZN-T) is encouraged by results from a just-wrapped diamond drill program at the Prairie Creek zinc-lead-silver property in the Northwest Territories.The junior is incorpor…
News
Banks commit US$230m to Aber
A banking group will provide a US$230-million debt facility to Aber Diamond (ABZ-T) so that the Toronto-based company can fund its share of the remaining capital costs at the Diavik project in the Nor…
Bull run continues in gold stocks
Gold settled into a new, higher trading range of US$278-280 per oz. during the Oct. 31-Nov. 6 trading period, as the U.S. dollar showed some weakness in the face of widespread layoffs and slowing indu…
Falco fined for safety violation
Falconbridge has been fined $75,000 for violating the Ontario Occupational Health and Safety Act at its Lockerby nickel-copper mine in Walden, Ont.The incident occurred in September 1999, when a miner…
PEOPLE (November 12, 2001)
Alcan — Clarence Chandran and Brian Levitt appointed directors.Int’l Croesus — Michelle Robinson appointed exploration manager.Manhattan Res. — John Peltier appointed director.Seabr…
US data drag prices lower
Despite fresh production cuts in zinc and copper (in byproduct form), base metals prices continued to trend lower during the report period Oct. 29-Nov. 2, dominated by poor economic data out of the U….
Gitennes dumps Virgen
Junior Gitennes Exploration (GIT-T) has sold its share in the Virgen gold property in Peru. A private Peruvian company paid US$1 million and must pay another US$500,000 in the coming weeks for the pro…
CDNX bolstered by rate slash
Vancouver — Canada’s junior exchange rallied in light of another cut in U.S. interest rates. The resource indices led the way as the Canadian Venture Exchange composite index tacked on 31.44 points, …
Desperate Breakwater pulls plug on Nanisivik
Teetering on the brink of oblivion, Breakwater Resources (BWR-T) has decided to shut down its Nanisivik zine mine in Nunavut. The closure is scheduled for September 2002.Low zinc prices, combined with…
Thistle eyes South African assets
Thistle Mining (THT-T) is buying five underground gold mines in the Free State of South Africa. Thistle will pay US$32 million in cash, plus a monthly royalty of US$8 per oz. gold for five years.Among…
NAME CHANGES (November 12, 2001)
Zim Gold Resources (ZIM-V) has changed its name to Noise Media (NMA-V) on a 1-new-for-1-old share basis.Icelandic Gold (YCE-V) has changed its name to PGM Ventures (YPG-V)…
For a national securities commission
Even as Europe watches to see whether Euronext, the Deutsche Borse, or the London Stock Exchange will emerge as the continent’s major capital market, and even as Nasdaq and the American Exchange combi…