Goldcorp extends Red Lake mineralization
Hot on the heals of its latest reserve update, Goldcorp (G-T) has announced the discovery of new mineralization at the Red Lake gold mine in northwestern Ontario.Reserves were recently upped by 25% to…
Articles by Northern Miner Staff
Benchmark sinks deeper but gold remains buoyant
Market pessimism is quickly changing from bad to worse, with sellers once again outpacing buyers on both sides of the border. The Toronto Stock Exchange 300 index lost 142.49 points over the Sept. 19-…
Pasminco appoints administrator
Troubled Australian zinc producer Pasminco has appointed an administrator to take over the company’s affairs after a standstill agreement with the company’s creditors broke down in September.Pasminco,…
MOST ACTIVE ISSUES, SEPT. 19-25
ExchgVol(000s)HighLowCloseChangeAlcoa*N2747130.6327.3630.04-0.16…
Northern Miner Indices (October 01, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Robert’s Arm extended to partners
A second phase of drilling in the Buchans-Robert’s Arm volcanic belt of central Newfoundland has come back dry for Altius Minerals (ALS-V) and Inmet Mining (IMN-T).The partners sank one new hole and e…
LME Warehouse Levels (October 01, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 25/01 (change from Sept. 18 in brackets):MetalStock (tonnes)ChangeAluminium708025…
Third kimberlite found at Rockinghorse
Kennecott Canada Exploration has made another kimberlite discovery on Tahera’s (TAH-T) Rockinghorse property in Nunavut. It is the third such discovery since the current exploration campaign began.The…
AK claims yield more diamonds (October 01, 2001)
A total of 1,665 carats of diamonds have been recovered from sample concentrates from the Hearne and 5034 kimberlite pipes on the AK claims in the Northwest Territories.Drilling by De Beers Canada, a …
Metal Prices (October 01, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 25Sept. 24Sept. 21Sept. 20Sept. 19…
Rex drills targets in Mauritania (October 01, 2001)
Rex Diamond Mining’s (RXD-T) drilling campaign at its Karet South permit in north-central Mauritania has turned up more evidence of nickel, gold and platinum-group-metal mineralization.The drilling wa…
Klipspringer produces early
Diamond production has begun on the newly commissioned no. 4 level at SouthernEra Resources’ (SUF-T) Klipspringer diamond mine in South Africa, some six months ahead of schedule.SouthernEra now estima…