Juniors join forces
Juniors St Andrew Goldfields (SAS-T), Royal Victoria Minerals (RVM-V) and United Tex-Sol Mines (UTX.A-V) have taken a cue from their larger peers and decided to merge.The 3-way merger calls…
News
Pele’s Cristal yields large stone (January 27, 2003)
Lakefield Research has recovered a 0.72-carat diamond from Pele Mountain Resources’ (GEM-V) Cristal occurrence, on the Festival property, near Wawa, Ont.The stone measures 4.42 by 4.28 by 3.58 mm and …
South Atlantic hot on Swedish targets; Rio Narcea
Drilling will follow relogging and sampling of existing coreVancouver — South Atlantic Ventures (saa-v) has begun exploring for Olympic Dam-style deposits of iron oxide, copper and gold (IOCG) in nor…
Canabrava recovers diamonds at Hadley Bay
Junior Canabrava Diamond (CNB-T) has recovered three stones from the Turnstone kimberlite, one of a cluster of ten magnetic anomalies discovered last summer at the Hadley Bay diamond property in the C…
Lending Rates (January 27, 2003)
as of 4 pm ET, Jan. 21, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.37LIBOR US$ 6-month1.37LIBOR US$ 1-year1.47Gold lease 3-…
Exchange Rates (January 27, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 21Jan. 20Jan. 17Jan. 16Dec. 15US$ in C$1.53301.53471.53541.5…
Daily Metal Prices (January 27, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 21Jan. 20Jan. 17Jan. 16Jan. 15Al Alloy1410/137…
War fears fuel gold market
Vancouver — Fear of war with Iraq continued to fuel the resource market over the week ended Jan. 21. The S&P-TSX Venture Exchange composite index added 12.84 points, or 1.15% of its value, and closed…
Golds rebound, base metals sink with broad market
The S&P-TSX composite index traded in a narrow range over the Jan. 15-21 report period, closing down 70.58 points at 6,740.40.The golds fared better, rising 5.7 points to 193.40. The sub-group got a p…
A sweet week for golds
Gold bugs were delighted over the holiday-shortened report period as prices for the yellow metal surged more than US$7 to a new, 6-year high of almost US$360 per oz.Gold has been on a steady march upw…
OPA helps fund grassroots work
The Thunder Bay-based Ontario Prospectors Association (OPA) will help fund grassroots exploration through its newly created Ontario Exploration Corp. (OEC).Partially funded by the Ontario government t…
Spot Prices Wednesday January 22, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$359.25+7.35Silver$4.83+0.10Platinum$648.00+29.00…