Spot Prices Wed. June 13, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$271.80+$4.85Silver$ 4.39+$0.03Platinum$574.00-$…
Articles by Northern Miner Staff
Boliden bows to legal pressure
Citing uncertainties associated with a lawsuit brought forth by Falconbridge (FL-T) and Noranda (NOR-T), Boliden (BOL-T) has decided to sell those companies its adjoining Lomas Bayas and Fortun…
Virginia forms alliance with Noranda (June 18, 2001)
With dozens of projects on the go, Virginia Gold Mines (VIA-T) is doing more than its share to keep exploration alive in the vast wilderness of northern Quebec. The junior is also receiving financial …
Goose Lake lays more golden eggs
Kinross Gold (K-T) has increased the size of the Goose Lake gold deposit, the largest of six comprising the George Lake project in Nunavut.Kinross can earn a 70% interest in George Lake from Wheaton R…
Drilling opens up Vault
Drilling at the Meadowbank gold project, near Baker Lake, Nunavut, has increased the size of the Vault gold zone.Cumberland Resources (CBD-T) recently sank 19 widely spaced holes into the zone, mainly…
MagAlloy advances Koilu
A memorandum of understanding with Siemens of Germany will enable Magnesium Alloy (YMY-V) to advance the Koilu magnesium project in the Republic of Congo.The agreement identifies several areas of co-o…
SAM explores ground near Val d’Or
Prospecting and geophysical surveys will begin this summer at the Grenab project, about 120 km east of Val d’Or, Que. Southern Africa Minerals (SAF-T) acquired the ground based on its potential to hos…
Journalist Kaplan honoured by CIM
Frank Kaplan, whose career as a journalist in the resource industry has spanned more than a quarter-century, was recently honoured with a lifetime achievement award from the Canadian Institute of Mini…
Brancote eyes second Chubut target
Denver — Now that the Esquel gold property in southern Argentina is progressing to the development phase, London-based Brancote Holdings is evaluating other prospective targets in the region.One such…
Francisco cuts high-grade gold at Marlin
Vancouver — Junior Francisco Gold (FGX-T) has tabled more impressive results from an ongoing 3,000-metre drill program at its wholly owned Marlin gold-silver project in western Guatemala.Since April,…
Barrick at work in Alaska
Vancouver — Mining titan Barrick Gold (ABX-T) has kicked off a $600,000 exploration program on the California and Surf properties, held jointly by Rimfire Minerals (RFM-V) and Western Keltic Mines…
NovaGold explores Donlin Creek gold project
Denver — Junior NovaGold Resources (NRI-T) has begun modelling the Donlin Creek deposit in southwestern Alaska in preparation for further drilling in July.Earlier this year, the California-based comp…