News
New threat to US dollar hegemony
“Abu Bakr ibn Abi Maryam reported that he heard the Messenger of Allah (may Allah bless him and grant him peace) say: ‘A time is certainly coming over mankind in which there will be nothing [left] whi…
The Big Three
(The first instalment of this article appeared in our issue of June 2-8, 2003.)Mention “the big three,” and many people will immediately think: Roosevelt, Churchill and Stalin. Or perhaps the younger …
Diavik diamonds command a premium for Aber
The first stones recovered from Canada’s $1.3-billion Diavik complex in the Northwest Territories have been sold at prices exceeding expectations.In April, Aber Diamond (ABZ-T) reported its first parc…
The Northern Miner Indices (June 23, 2003)
North American Mining: 76.06 (+3.72)Small Producers: 71.33 (+4.40)(Sept. 30/98 = 100)…
New diamond plays come into view in northern Canada
The diamond hunt is exploding with new kimberlite discoveries beyond the Slave Craton in Canada’s Far North. Recent discoveries are reported near Rankin Inlet and on the Melville Peninsula in eastern …
News – 23-JUN-03
Although Saskatchewan kimberlites carry much lower grades than those being mined in the Canadian Arctic, the sheer size of the Fort la Corne kimberlites renders them highly attractive targets.The Fo…
Diamonds glitter on junior market
Vancouver — Canada’s junior exchange experienced a surge in diamond-related issues during the week ended June 17. The S&P-TSX Venture Exchange composite index jumped 17.36 points, or 1.58%, and close…
Gammon bullish at Northeast Ocampo (June 23, 2003)
An independent scoping study of Gammon Lake Resources’ (GAM-T) Northeast Ocampo project in Mexico paints a robust picture.Completed by Nevada-based Kappes, Cassiday & Associates (KCA), the preliminary…
People (June 23, 2003)
Teck Cominco — Chris Thompson appointed to board of directors.Trivalence — Omair Choudhry appointed CFO; Hamish Malkin resigned as CFO.True North Gems — Len De Melt appointed project m…
Philex, Anglo drill Boyongan
Vancouver — Drilling has so far failed to find additional resources at the North project in the Philippines.Partners Philex Gold (PGI-V) and Anglo American (AAUK-Q) have seven rigs turning in an effo…
Placer doubles Cortez resource
Vancouver — Placer Dome (PDG-T) has doubled the measured and indicated resource at its 60%-owned Cortez Hills discovery in Nevada.Discovered in late April of this year, Cortez Hills now holds a measu…