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Northern Miner Indices (November 25, 2002)

NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…


Hot holes for Canadian Royalties

Vancouver — Shares in Canadian Royalties (CZZ-V) have risen dramatically to a new 52-week high of $3.08 from under $1 only a few weeks ago. Wasting no time capitalizing on the increase, the company i…



Cumberland tops up kitty

In preparation for the launch of a bankable feasibility study on its wholly owned Meadowbank gold project in Nunavut, Cumberland Resources (CBD-T) has arranged a $6.5-million brokered private placemen…


Same old saw, just duller

Last week saw the National Summit on Innovation and Learning, sponsored by the Departments of Industry and Human Resources Development and hosted by ministers Allan Rock and Jane Stewart (yes, the Jan…


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…


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…



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…


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