METAL PRICES (July 23, 2001)
DateJuly 17July 16July 13July 12July 11BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)b>Aluminium1419/14461419/14461424/1450.501426/14…
News
Junior market weaker, but some bright spots
The Canadian Venture Exchange composite index slipped 38.3 points, or 1.2%, to finish the report period ended July 17 at 3,105.28 points. The mining index was off 81.93 points, or 1.1%, at 7,373.91.Wi…
Placer Dome shuffles off Las Cristinas to Vannessa
While gold prices sat in a listless, US$265-per-oz. funk during the July 11-17 report period, there was a flurry of news from Canada’s biggest gold miners.Placer Dome announced an eleventh-hour deal t…
The Northern Miner — North American Mining Index (July 23, 2001)
69.94 (+1.72)(Sept. 30/98 = 100)…
Mampon looking good for Ashanti, Birim
Drilling by Ashanti Goldfields (ASL-N) at the Mampon gold deposit in Ghana continues to yield long, gold-rich intersections.The deposit lies in a 40-sq.-km portion of the Dunkwa property, spun off to …
The Northern Miner — Small Producers Index (July 23, 2001)
49.99 (-0.56)(Sept. 30/98 = 100)…
Quaterra targets classic platinum play
Ketchikan, Alaska — Some 56 km north-northwest of this regional port city, Vancouver-based Quaterra Resources (QTA-V) and partner International Freegold Mineral Development () are taking platinum exp…
RJK, Greater Lenora uncover showing
After several years of searching for the source of high-grade polymetallic boulders, partners RJK Explorations (RJX-V) and Greater Lenora Resources (GEN-T) have uncovered a new massive sulphide occurr…
Asia Pacific revises strategy for Udon Thani project
The potash industry is dominated by a handful of producers with sufficient resources to operate for centuries to come, which partially explains why new entrants are not exactly shown the welcome mat. …
Correction (July 23, 2001)
A recent story (T.N.M. July 16-22/01) contained incorrect information about DRC Resources’ (DRC-V) Afton property near Kamloops, B.C. The deposit holds an indicated resource of 25 million ton averagin…
Ivanhoe finds more Mongolian metals
Exploration drilling at the Turquoise Hill project in southern Mongolia has returned more copper-gold-molybdenum porphyry for Ivanhoe Mines (IVN-T).Hole 150 bored through 590 metres (from 70 metres on…
Namco creditors approve restructuring (July 23, 2001)
Creditors of Namibian Minerals (NMR-T) have approved a plan of arrangement that will bring the company’s subsidiaries out of provisional liquidation, leaving it to the South African courts to give fin…