Goldfields, Delta to merge
Vancouver — Goldfields and fellow Australian gold miner Delta Gold have inked a merger deal that will catapult the new company to the million-ounce-per-year level. The merged entity will rank as one …
News
Dianor investigates anomalies (September 24, 2001)
Dianor Resources (DOR-M) has begun field work over 14 airborne magnetic anomalies in the James Bay region of Quebec.The anomalies are clustered in a 100-sq.-km area, within granitic terrain near sever…
MZ Lake yields diamonds
Vancouver — Three of the four near-surface, sub-parallel kimberlite sills cut by De Beers Canada Exploration in the MZ Lake area have returned varying amounts of microdiamonds.The major hit the sills…
Queenstake finances Magistral
Two separate agreements have provided Queenstake Mining (QRL-V) with the financing and equipment needed to place its wholly owned Magistral gold project into production.The proposed heap-leach project…
METAL PRICES (September 24, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)b>DateSept. 18Sept. 17Sept. 14Sept. 13Sept. 12…
Manhattan Minerals determined to advance Tambo Grande
Manhattan Minerals (MAN-T) has raised $5.4 million in a private placement, with a considerable portion of the proceeds earmarked for the Tambo Grande gold and base metal project in northern Peru.Natio…
Correction (September 24, 2001)
TVX Normandy Americas, the joint venture between TVX Gold (TVX-T), with a 50.1% interest, and Normandy Mining (NDY-T), with 49.9%, holds a half-interest in the New Britannia mine in Manitoba, which it…
Mustang, Falco join forces
Vancouver — Mustang Minerals (YMU-V) has joined forces with Falconbridge (FL-T) to explore for diamonds in the Marten River area, near North Bay, Ont.Mustang has obtained a half-stake in the Marten R…
Transmitting nickel’s benefits
Superconductors wrapped in nickel alloy could some day cut electrical line losses in half, making transmission more efficient.Scientists at the U.S. Department of Energy’s Los Alamos National Laborato…
Canadian Stock Exchange Indices (September 24, 2001)
DateSept. 18Sept. 17Sept. 14Sept. 13Sept. 12HighLowTSE 3006844.506907.966890.857102.26C…
Living legacy for whom? Hands off Destor-Porcupine
It would have been impossible fifty years ago, and scandalous twenty years ago, but today, for some incomprehensible reason, the Ontario government is considering setting aside parts of the Destor-Por…
Goldcorp ups Red Lake
A better understanding of mineralization has led to a 25% increase in reserves at the Red Lake gold mine in northwestern Ontario.Goldcorp (G-T), which began commercial production at the year’s start, …