QGX cuts more oxide gold in Mongolia
A 15-hole drill program aimed at testing for strike extensions of the Central Valley zone of the Golden Hill prospe…
Articles by Northern Miner Staff
Spider, KWG table McFauld’s Lake results
Vancouver — Spider Resources (SPQ-V) and joint venture partner over the counter listed KWG Resources have receive…
Tournigan explores in Northern Ireland and El Salvador
Vancouver — Tournigan Gold (TVC-V) has raised $1.25 million in a brokered, short-form financing, with proceeds earmarked for projects in Northern Ireland and El Salvador.The company placed 5 million …
Lending Rates (April 28, 2003)
as of 4 pm ET, Apr. 22, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.32LIBOR US$ 6-month1.32LIBOR US$ 1-year1.42Gold …
Goldminco cuts gold at Balabag (April 28, 2003)
Vancouver — Scout drilling at the Balabag Ridge project in the Philippines has returned encouraging gold-silver values for Goldminco (GCP-V).The 594-metre program tested for mineralization below a se…
US mineral output stagnant
The value of mineral-based materials produced in the U.S. in 2002 was US$373 billion, almost the same as in the previous year, according to a report from the U.S. Geological Survey.The lack of improve…
Daily Metal Prices (April 28, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 22April 21April 18April 17April 16Al Alloy137…
Exchange Rates (April 28, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 22April 21April 18April 17April 16US$ in C$1.44711.4544Holiday…
Producer and Dealer Prices (April 28, 2003)
Antimony: Mid-mkt US$2,530/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$8.75-9.50/lb.Copper: Comex May US$0.7215/lb.Indium: Indium Corp., ingot, US$140/kg.Iridium…
Southern Rio advances 3T’s property
Vanderhoof, British Columbia — Southern Rio Resources (SNZ-V) is intensifying exploration of the 3T’s low-sulphidation epithermal gold-silver project in central British Columbia, 120 km southwest of …
Canadian Royalties pegs Mesamax resource
Vancouver — An independent resource estimate for the Mesamax zone has verified the economic potential of the Expo-Ungava nickel-copper-platinum-palladium property in northern Quebec.Glenn Mullan, pre…
Far North beckons Cumberland
By advancing the Meadowbank project in eastern Nunavut to production, Cumberland Resources (CBD-T) is positioning itself to become Canada’s next mid-tier gold producer.Covering some 350 sq. km along a…