Victoria Island diamond counts: low to modest
Samples from three new Victoria Island kimberlites discovered this past summer on the Hadley Bay joint venture in the Canadian Arctic contain no diamonds.The Apollo, Diana and Pluto kimberlites were d…
News
Eaglecrest advances San Simon
Vancouver — Now that dewatering of the underground decline is complete, Eaglecrest Explorations (EEL-V) has resumed its bulk-sampling program at the San Simon gold project in Bolivia.The junior expec…
Int’l Uranium develops new feed program at White Mesa mill
Vancouver — International Uranium (IUC-V) and privately owned Nuclear Fuel Services of Tennessee have formed a 50-50 joint-venture company in order to develop a new feed program for the former’s Whit…
Breakwater suffers credit crunch (November 25, 2002)
Zinc miner Breakwater Resources (BWR-T) has entered talks with its creditors after announcing it probably will be unable to make certain scheduled debt payments by Jan. 2.The talks are aimed at extend…
NovaGold earns 70% interest in Donlin
Vancouver — Just 15 months after signing the option agreement, NovaGold Resources (NRI-T) has spent the required US$10 million on exploration to earn a 70% interest in Alaska’s Donlin Creek gold depo…
Emerald interest heats up
Vancouver — In the autumn of 1998, field geologist Bill Wengzynowski sparked a flurry of exploration activity by discovering an occurrence of emeralds on Expatriate Resources’ (EXR-V) Goal Net base m…
Merger trio almost in black
Two of the three mid-tier gold producers planning a friendly merger made money in the third quarter of 2002, but the biggest, Kinross Gold (K-T), is still in the red.Echo Bay Mines (ECO-T) made US$3.7…
GREATEST VALUE TRADED, NOV. 13-19
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N30334525.2023.5123.66-0.62…
Black Hawk posts small quarterly loss
With production from the Limon gold mine in Nicaragua down from last year, Black Hawk Mining (BHK-T) lost US$432,000 on revenue of US$4.3 million in the three months ended Sept. 30.For the first nine …
Daily Metal Prices (November 25, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13Al Alloy1305/130…
Large diamonds gleaned from Gahcho Kue
The latest bulk-sample results from the Gahcho Kue joint-venture project in the Northwest Territories indicate the presence of big-carat diamonds in the Hearne kimberlite pipe.The Hearne and 5034 pipe…
Tiberon expands prefeasibility at Nui Phao
Vancouver — Tiberon Minerals (TBR-V) has expanded the scope of its prefeasibility study of the Nui Phao tungsten-polymetallic deposit in northern Vietnam.Recent work suggests operating costs may be l…