Rockwell drops Pedra Branca
Denver — Rockwell Ventures (RCW-V) has dropped the Pedra Branca platinum-palladium project in northeastern Brazil after drilling failed to return satisfactory results.Rockwell was earning a 60% inter…
News
Sultan explores Kena gold project GQ
Vancouver-based Sultan Minerals (SUL-V) has launched an exploration program at the Kena gold property, near Nelson in southeastern British Columbia. Work is focused on the Gold Mountain zone discovery…
Lonmin freezes plans to boost stake in Ashanti
Denver — British-based platinum producer Lonmin says it has no plans to increase its stake in Ashanti Goldfields (ASL-N), despite reports that the government of Ghana may be willing to sell some of i…
Thunderbox gets green light
An independent study envisages an open-pit operation employing conventional processing techniques at the Thunderbox gold project in Western Australia. Accordingly, LionOre Mining (LIM-T) and Dalrymple…
Homestake buys Aussie project from Rio Tinto
Denver — In return for US$27.6 million, Homestake Mining (HM-N) will acquire the Cowal project in New South Wales, Australia, from North Gold (WA), a wholly owned subsidiary of Rio Tinto (RTP-N).Acco…
Cassiar settles insurance claim
An investment group holding 49.62% of Cassiar Magnesium (CIR-T) says its decision to terminate senior management, including former chairman Clifford Frame, was done “in the best interest of all shareh…
Atna Res alters strategy
Vancouver — Atna Resources (ANT-T) has received low-grade results from a 3-hole drill program targeting the past-producing Lone Pine base metal mine, near Mayer, Ariz., and, as a result, is shifting …
Fording’s Gardiner leads North American tour
By fall of this year, Fording Coal expects to have left the broad umbrella of railway giant Canadian Pacific and become a stand-alone, publicly traded company. In preparation for that event, President…
Regulators OK equity financing
Having received regulatory approval, First Quantum Minerals (FM-T) is proceeding with an equity financing of 4.6-7.6 million treasury shares.The shares, priced at $4.05 apiece, are being offered in On…
Resource sector drives CDNX
The Canadian Venture Exchange composite index tacked on 32.13 points, or 0.9%, to close the week ended June 5 at 3322.54. The mining index added 83.83 points, 1.2%, to its value and finished at 7228.1…
The Northern Miner — North American Mining Index (June 11, 2001)
78.86 (-1.56)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (June 11, 2001)
58.13 (+1.27)(Sept. 30/98 = 100)…