Exchange Rates (October 13, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 6Oct. 3Oct. 2Oct. 1Sept. 30US$ in C$1.38111.34181.33821.3480…
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Daily Metal Prices (October 13, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 6Oct. 3Oct. 2Oct. 1Sept. 30Al Alloy1385/1385…
Canyon tables new study
One of the highlights of the report period ended Oct. 6 was the tabling of a prefeasibility study of Colorado-based Canyon Resources’ 10.9-million-oz. McDonald gold project in Montana, which has been …
BC approves rock quarry
The government of British Columbia has approved a $100-million aggregate quarry near Port Alberni.The proposed quarry is designed to produce 6 million tonnes of construction aggregate per year and is …
Axmin buoyed by Bambari results
Drilling by Axmin (AXM-V) at the Bambari property in the Central African Republic has traced mineralization at the French Camp prospect to a depth of 110 metres for at least 150 metres along a northwe…
Aquiline presses IMA for Navidad details
Just as a $4.5-million bought-deal financing was about to close, IMA Exploration (IMR-V) received a letter from Aquiline Resources (AQI-V) requesting details regarding the events and methods that led …
Junior exchange follows gold trend (October 13, 2003)
Vancouver — A hiccup in the price of bullion kept Canada’s junior exchange from experiencing another week of impressive gains. The S&P-TSX Venture Exchange composite index closed up one tenth of a po…
LME Warehouse Levels (October 13, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 6 (change from Sept. 29 in brackets):MetalStock(tonnes)ChangeAluminium1372575(+1…
Sermon from the height of hypocrisy
As actor Toni Collette proved last week, a green religious mania is on the loose — one that threatens our reason, and much more.Collette, who first won fame in Muriel’s Wedding, told of filming part …
Great Basin drills at Burnstone
Hunter-Dickinson-led Great Basin Gold (GBG-T) has tabled the results of a 25-hole, 19,000-metre drill program focused on Area 2 of the 400-sq.-km Burnstone property, 100 km southeast of Johannesburg, …
Open-pit eyed at Kemess North
Northgate Exploration (NGX-T) reports that its Kemess North gold-copper project in north-central British Columbia contains a resource of 4 million oz., enough for a mine life of 11 years. According to…
McWatters pulls plug at Sigma-Lamaque
McWatters Mining (MWA-T) has ceased mining at its money-losing Sigma-Lamaque open-pit operation in Val d’Or, Que. Milling, however, will continue until all stockpiled ore has been processed.Meanwhile,…