Majescor arranges financing
Junior Majescor Resources (MAJ-M) is looking to raise $2 million to explore for diamonds in northern Quebec.Dundee Securities is acting as lead agent of a syndicate, which includes Haywood Securities,…
News
***** New Story***** (September 10, 2001)
Canadian Stock Exchange Indices — 52-week –DateSept. 4Sept. 3August 31August…
Canabrava tests showing
Field geologists with Canabrava Diamond (CNB-V) have discovered the possible source of two diamond-bearing kimberlite boulders found earlier this year by Kennecott Canada Exploration on the Rocky Isla…
Starfield expands at Ferguson Lake
Vancouver — Drilling has increased, by 5.6 million tonnes, the inferred resource at the Ferguson Lake nickel/copper/cobalt/ platinum-group-metal project in Nunavut.Starfield Resources (SRU-V) reports…
African projects thrive despite downturn
One of the few bright spots on the exploration front is Tanzania, where, in recent years, several majors have built sizable mining operations. In particular, Tan Range Exploration (TNX-V) is reporting…
Los Pelambres mine propels Antofagasta
Denver — Copper production was up 16% in the first half of the year for Antofagasta (ANFGF-O), though profits were clipped by low prices.The London-based company produced 193,900 tonnes of the red me…
Expatriate drops Kudz Ze Kayah
Vancouver — A 2-year effort to advance the Finlayson base metal project in the Yukon has come to a halt, with operator Expatriate Resources (EXR-V) failing to make the $1-million payment needed to se…
Metal Prices (September 10, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 4Sept. 3August 31August 30August 29Aluminium1…
Inca Pacific, Anaconda wrap up drilling
Vancouver — Inca Pacific Resources (IP-V) has tabled encouraging drill results from the Magistral copper porphyry-skarn property in Peru.The 49-hole, 4,000-metre diamond drill program was managed by …
Sultan steps up exploration near Nelson
Vancouver — Having completed initial drilling at the Kena gold property in southeastern British Columbia, Sultan Minerals (SUL-V) is expanding its exploration efforts.The junior has kicked off two ne…
Gold demand steady in 2001
In the first half of the year, gold demand held its ground despite the global economic slowdown.For the first six months of 2001, gold jewelry sales and personal investment in the world’s leading gold…
Ontario releases treasure maps
There is buried treasure in Ontario and the provincial government is determined to help companies find it.The Ontario Geological Survey (OGS) has released 115 new map sheets from seven airborne geophy…