Otish rocks diamondiferous (December 17, 2001)
Vancouver — Diamond counts have determined the favourable nature of two kimberlitic bodies in the Otish Mountains…
News
Bema Gold raises $7 million for Julietta
Vancouver — Bema Gold (BGO-T) has arranged a $7 million financing through Canaccord Capital and Haywood Securitie…
First Point finds more gold at Filo Lapa (December 17, 2001)
Vancouver — First Point Minerals (FPX-V) has found higher gold grades during trenching at its Cacamuya project in Honduras.The work was concentrated at the Filo Lapa zone and the recently discovered …
Producer and Dealer Prices (December 17, 2001)
Antimony: Mid-mkt US$1,230/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-8.00/lb.Copper: Comex Mar. US$0.689/lb.Indium: Indi…
Daily Metal Prices (December 17, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 11Dec. 10Dec. 7Dec. 6Dec. 5Aluminium1335/1351.
CDNX loses ground on new S&P index
Vancouver — The Canadian Venture Exchange launched a new composite index during the week ended Dec. 11. Based on market capitalization, the Standard & Poor’s-CDNX Composite Index is meant to provide …
US rate cut spooks northern investors
The biggest news of the Dec. 5-11 report period came from south of the border, where the U.S. Federal Reserve Board knocked another 25 basis points off the federal funds rate, thereby reducing it to i…
Wolfden adds to Red Lake portfolio
Wolfden Resources (YWO-V) has added to its land position in the rejuvenated Red Lake mining district of northwestern Ontario by agreeing to take over the Skinner gold project.To acquire the 20.3-sq.-k…
Exchange Rates (December 17, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 11Dec. 10Dec. 7Dec. 6Dec. 5US$ in C$1.57781.57831.57241.5767…
LME Warehouse Levels (December 17, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 11/01 (change from Dec. 4 in brackets):MetalStock (tonnes)ChangeAluminium760150(…
Altius, Barrick seek Carlin-type deposits
Vancouver — Altius Minerals (ALS-V) and Barrick Gold (ABX-T) are jointly exploring Newfoundland’s Botwood Basin for Carlin-type deposits.Barrick stands to earn a 75% interest in six properties by fun…
BC committed to geoscience
The government of British Columbia is committed to building a thriving private-sector economy that creates high-paying job opportunities, including those in the mining and mineral exploration industry…