GoldOre nabs La Plata (December 16, 2002)
Vancouver-based GoldOre Resources (GOZ-V) has purchased the La Plata copper property, near Durango, Colo., in exchange for shares and the assumption of US$35,000 of debt.La Plata overlies a porphyry s…
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Northern Miner Indices (December 16, 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…
Southwestern drills Boka
The recovery of multi-ounce grades from adits has prompted Southwestern Resources (SWG-T) to launch a drill program at the Boka gold project in China’s Yunnan province.The 2,000-metre program will try…
Diavik nears startup
Construction of the Diavik diamond mine, in the Northwest Territories, is expected to be close to completion by year-end.London-based Rio Tinto (RTP-N) and its Canadian partner, Aber Diamond (ABZ-T), …
Rubicon tests Rivard
Vancouver — A first phase of drilling by Rubicon Minerals (RMX-V) at its recently acquired Rivard gold project in northwestern Ontario is investigating mineralization downdip of surface occurrences.S…
El Limon takes shape for Miranda (December 16, 2002)
Vancouver — Drill results reported by Teck Cominco (TEK-T) and Miranda Mining (MRM-V) confirm that mineralization extends north of the El Limon gold prospect on the Morelos Norte project in Mexico’s …
Wayside defines Cariboo
Vancouver — International Wayside Gold Mines (IWA-V) is adding the Bonanza Ledge and BC vein deposits to its mine plan for the Cariboo project in the Barkerville area of central British Columbia.Bona…
New silver coin law in US
President George W. Bush has signed legislation that creates a new market for domestic silver in government-minted coins.The silver, which will be bought by the U.S. Treasury on the open market, will …
Group seeks to mark Ottawa’s geological sites
Looking to develop public awareness of earth sciences, a group of 25 geoscientists, including three past directors of the Geological Survey of Canada, has started a project to catalogue and preserve i…
Namco puts subsidiaries in dry dock
Unable to secure additional funding from its bankers and principal lenders, marine diamond miner Namibian Minerals (NMR-T) has been forced to shut down certain of its South Africa and Namibia subsidia…
Linear drills Nfld prospect
Linear Resources (LRR-V) has begun a 700-metre drill program on an intrusion-related, gold-bearing prospect at its 15-claim Powderhorn property on Newfoundland’s East Coast.Linear can earn acquire the…
Producer and Dealer Prices (December 16, 2002)
Antimony: Mid-mkt US$2,500/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.50/lb.Copper: Comex Mar US$0.745/lb.