Southern Rio drills 3Ts showings
Vancouver — Southern Rio Resources (SNZ-V) has begun drilling at its 3Ts epithermal gold-silver project, 125 km southwest of Vanderhoof, B.C.The program is targeting the Ted vein, where previous dril…
Articles by Northern Miner Staff
Glamis gives nod to Marlin
The board of directors of Glamis Gold (GLG-T) has authorized the final design and construction phase at the Marlin gold-silver project in Guatemala.Under a revised feasibility study, Marlin is expecte…
Partners fizzle at Headway property
A second phase of drilling at the Headway property in the Red Lake camp of Ontario has returned mixed results for King’s Bay Gold (KBG-V) and Solitaire Minerals (SLT-V).The highest reported result was…
AMF inks Kolwezi deal
America Mineral Fields (AMZ-T) is another step closer to developing the Kolwezi cobalt-copper tailings project in the Democratic Republic of Congo.After 10 months of negotiations, the company has agre…
Lending Rates (November 24, 2003)
as of 4 pm ET, Nov. 18, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.17LIBOR US$ …
Gold outshines the TSX
The Toronto Stock Exchange’s gold index mirrored the yellow metal’s performance during the Nov. 12-18 report period, ending with a surge to sit 9.01 points higher at a new year-high mark of 226.70.Gol…
Claude buoyed by higher gold sales
Increased gold and sales and a higher gold price helped Claude Resources (CRJ-T) achieve net earnings of $1 million during the three months ended Sept. 30.The profits translate into 2 per share, and …
Golds rebound on mixed week
The major bourses south of the border picked up where they left off. The Dow Jones Industrial Average ended the Nov. 12-18 period off 224.67 points at 9624.16, while the Standard & Poor’s 500 index dr…
Exchange Rates (November 24, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 18Nov. 17Nov. 14Nov. 13Nov. 12US$ in C$1.30241.31371.30381.2…
The Northern Miner Indices (November 24, 2003)
North American Mining: 101.26 (+4.54)Small Producers: 99.83 (+10.03)(Sept. 30/98 = 100)…
Fortune expands zone at Nico (November 24, 2003)
A 13-hole drilling program by Fortune Minerals (FT-T) at the Nico polymetallic deposit in the western Northwest Territories has expanded the known mineralization in the deposit’s West Pit area.The new…
Caledon finds wide zones on surface at Gaolong (November 24, 2003)
Surface sampling at the Gaolong gold deposit in Guanxi province, China, by London-listed explorer Caledon Resources (CDN-L), has shown extensive widths of silicified and brecciated limestone carrying …