Industrial minerals sale hits snag for Hecla
Denver — Hecla Mining (HL-N) has filed suit in U.S. federal court against Toronto-based Zemex (ZMX-T) for refusing to close on the agreed-upon transaction to buy Hecla’s industrial minerals subsidiar…
News
Peter Brown wins Pezim award
West coast-based financier Peter Brown has won the Murray Pezim Award, presented by the British Columbia and Yukon Chamber of Mines at the 18th Annual Cordilleran Exploration Roundup, held recently in…
Summo eyes Australian copper producer
Denver — Denver-based Summo Minerals (SMA-T) is in negotiations to acquire an equity interest in Australia-based Matrix Metals.Matrix operates the Mt. Cuthbert copper mine in northwestern Queensland….
McVicar, BHP stake ground north of Superior
Partners McVicar Minerals (MVR-V) and BHP (BHP-N) have staked a second platinum group metals (PGM) property on the north shore of Lake Superior.The 174-claim property is named Foxtrap, after the Foxtr…
Inco reaps PGM windfall, makes discoveries
Sky-high palladium and platinum prices are swelling what had been a little-mentioned byproduct credit into a major source of cash flow for Inco (N-T).For 2000, the nickel giant’s revenue from platinum…
Muskox dips on results
The much-anticipated drill results from the Keel 1 West geophysical anomaly turned out to be a fizzle of low grades. The anomaly is the smaller of two outlined in the Muskox layered intrusion, about 5…
Diamondex to begin program
An exploration program by Diamondex Resources (DSP-V) will focus on several properties in the Northwest Territories, though the company also plans to evaluate diamond projects elsewhere in Canada and …
OGS reports possible diamond target
Soil sediment sampling by the Ontario Geological Survey (OGS) may yield another promising diamond target in the province, says Northern Development and Mines Minister Tim Hudak.The announcement is bas…
Shore Gold cuts thick kimberlite intercept
Junior Shore Gold (SGF-V) has intercepted a possible feeder zone of the Star kimberlite body in Saskatchewan.The fourth hole in a second round of drilling has cut 539.4 metres of kimberlite. Hole 20 w…
Temex active at Temagami
Toronto-based Temex Resources (YTM-V) has raised more money to explore various projects in Ontario’s Temagami region.The company has privately placed, with the Contrarian Resource Fund 2000, 562,500 u…
Global giants get boost from platinum, diamonds
Until about five years ago, London’s mining giants could only watch in envy as investors paid hefty premiums for shares of much smaller companies listed on North American exchanges. London’s mining se…
News – 29-JAN-01 (January 29, 2001)
Conversion of Weights and Measures1 troy ounce = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (s…