La Fortuna grows again (September 30, 2002)
A new resource estimate by Noranda (NRD-T) has expanded by 72% the tonnage of secondary mineralization at the El Morro copper-gold deposit in Chile.Noranda can earn a 70% stake in El Morro from Metall…
News
Crystallex inks Las Cristinas deal (September 30, 2002)
Vancouver — Less than two weeks after being granted the “right to negotiate,” Crystallex International (KRY-T) and Corporacion Venezolana de Guayana (CVG) have agreed to advance the long-stalled Las …
Mines ministers split on free trade
Canada’s chief political spokesmen for the mining industry appear to be at odds over the recent Canada-U.S. free-trade agreement. In a recent interview with The Northern Miner, the federal mines minis…
Equatorial cited for work
Equatorial Mining has received an award from the state of Nevada for reclamation work on its Tonopah heap-leach copper project, 320 km north of Las Vegas.The governor’s Excellence in Mine Reclamation …
John D. Frey
John D. (Jack) Frey, a former dean of the Haileybury School of Mines, has died. He was 75.Born in Cranbrook, B.C., in 1926, he graduated from the University of British Columbia in 1949 with a B.A.Sc. …
Higher gold prices take toll on demand
Faced with a stronger U.S. dollar price and an uncertain economic outlook, global demand for gold fell 14.3% to 729 tonnes during the second quarter, according to Gold Demand Trends, published by the …
Alex Perron
Kirkland Lake prospector and mining entrepreneur Alex Perron has died from complications resulting from cancer. He was 65.Perron, who revived the Kerr Addison mine in Larder Lake after it was closed b…
Ivanhoe reports hot hole at Turquoise Hill (September 30, 2002)
The Turquoise Hill copper-gold project of Ivanhoe Mines (IVN-T) in Mongolia’s South Gobi region just got bigger.A hole drilled at the virgin Far North zone returned 638 metres averaging 1.61% copper a…
More drills headed to Norman (September 30, 2002)
Drilling by FNX Mining (FNX-T) and contract miner Dynatec (DY-T) continues to cut wide zones of copper-rich massive sulphide mineralization at the Norman property, near Sudbury, Ont.The widest of the …
Ivanhoe ups ante in Pacific Minerals
Vancouver — Looking to get a foothold in China, Ivanhoe Mines (IVN-T) intends to acquire a 42.2% interest in junior explorer Pacific Minerals (PMZ-V).In June, Ivanhoe arranged a US$3-million private …
Golds lead way
With prices surging US$8 into the mid-US$320-per-oz. range, producers of the yellow metal proved to be the only bright spot in the U.S. markets during the report period ended Sept. 24.The U.S.-listed …
Benchmark lowered again, golds end mixed
Sellers outpaced buyers over the Sept. 18-24 report period, pushing the S&P/TSX Composite Index down 235.91 points. The benchmark finished the week at 6,068.89.The golds swam against the broader marke…