Wyoming has diamond potential
The Wyoming State Geological Survey has identified the Medicine Bow National Forest as a region with high potential for diamonds and platinum group metals (PGMs).The forest lies on the edge of the Wyo…
News
Crystallex mining Lo Increible
Vancouver-based Crystallex International (KRY-T) has started mining at the La Victoria open pit, one of six gold deposits at the company’s newly acquired Lo Increible project in Venezuela’s El Callao …
Modi Taung yields more high grades
Geochemical sampling at the Modi Taung gold project in central Myanmar has turned up more nuggets for Ivanhoe Mines (IVN-T).Tunneled into SW Zone 3, Adit 6 returned up to 321.7 grams gold per tonne ov…
Campbell spills more red ink, advances merger
The suspension of mining at two gold operations — one in Quebec, the other in Mexico — has pushed Campbell Resources (CCH-T) even deeper into the red.Coming on the heels of a $64-million loss for al…
Gammon reworks terms of Ocampo agreement
Gammon Lake Resources (GAM-T) has renegotiated the payment schedule for its Ocampo gold- silver project in Mexico’s Chihuahua state.The Halifax-based junior can acquire a 100% interest in virtually th…
Fort Knox eyes Sudbury (May 28, 2001)
Vancouver — Fort Knox Gold Resources (FNX-T) has teamed with mining contractor Dynatec (DY-T) in an attempt to acquire five of Inco’s (N-T) properties in the Sudbury Basin. Inco has accepted t…
Minera seeks PGMs
Vancouver — With Pacific North West Capital (PFN-V) drilling its Janes-Davis property, Minera Capital (MNL-V) has launched a 750-metre drill program to the north, on its Murray Lake-Jane Township pla…
Bema looks to far-eastern Russia
With the underperforming Refugio mine in Chile about to close, Bema Gold (BGO-T) is pinning its hopes on its 79%-owned, high-grade Julietta gold-silver deposit in far-eastern Russia. The underground p…
South Africa should adopt free entry system
The subject of the editorial in the April 9-15 issue of The Northern Miner is the most fundamentally important issue to face the world’s mining industry in the past 30 years, yet the author never actu…
LME Warehouse Levels (May 28, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 22/01 (change from May 15 in brackets):MetalStock (tonnes)ChangeAluminium558300(+…
Gold prices move up to new range
Gold bugs enjoyed an invigorating rally in the yellow metal over the May 16-22 report period, as the London gold price broke out of a long-held, sub-US$270-per-oz. range to spend a few hours above US$…
Expatriate seeks extension
A US$5-million financing with Resource Capital Fund II has collapsed, leaving Expatriate Resources (EXR-V) unable to complete a $1-million payment to Cominco (CLT-T) that was due May 24.Expatriate has…