Inmet hits high grade at Cayeli mine in Turkey
Deep drilling by Inmet Mining (IMN-T) has returned an impressive 25.5-metre intersection grading 14.4% copper and 8.5% zinc, plus 129 grams silver per tonne, below the existing workings of the Cayeli …
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Inmet options Lemoine
Toronto-based Inmet Mining (IMN-T) has optioned the Lemoine base metal property in Quebec’s Chibougamau mining camp from Loubel Exploration.To earn a 60% interest, Inmet must spend $3 million on explo…
Aur, Arizona Star hit gold in Chile
Partners Aur Resources (AUR-T) and Arizona Star Resource (AZS-V) are planning more work to test a newly discovered gold zone on the Agua de la Piedra property in northern Chile.Operator Aur, which hol…
GREATEST VALUE TRADED, JUNE 6-12
ExchgVal($000s)HighLowCloseChangeAlcoa*N48222944.9839.7740.50-4.34…
Spot Prices Wed. June 13, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$271.80+$4.85Silver$ 4.39+$0.03Platinum$574.00-$…
Boliden bows to legal pressure
Citing uncertainties associated with a lawsuit brought forth by Falconbridge (FL-T) and Noranda (NOR-T), Boliden (BOL-T) has decided to sell those companies its adjoining Lomas Bayas and Fortun…
Virginia forms alliance with Noranda (June 18, 2001)
With dozens of projects on the go, Virginia Gold Mines (VIA-T) is doing more than its share to keep exploration alive in the vast wilderness of northern Quebec. The junior is also receiving financial …
Goose Lake lays more golden eggs
Kinross Gold (K-T) has increased the size of the Goose Lake gold deposit, the largest of six comprising the George Lake project in Nunavut.Kinross can earn a 70% interest in George Lake from Wheaton R…
Drilling opens up Vault
Drilling at the Meadowbank gold project, near Baker Lake, Nunavut, has increased the size of the Vault gold zone.Cumberland Resources (CBD-T) recently sank 19 widely spaced holes into the zone, mainly…
MagAlloy advances Koilu
A memorandum of understanding with Siemens of Germany will enable Magnesium Alloy (YMY-V) to advance the Koilu magnesium project in the Republic of Congo.The agreement identifies several areas of co-o…
SAM explores ground near Val d’Or
Prospecting and geophysical surveys will begin this summer at the Grenab project, about 120 km east of Val d’Or, Que. Southern Africa Minerals (SAF-T) acquired the ground based on its potential to hos…
Journalist Kaplan honoured by CIM
Frank Kaplan, whose career as a journalist in the resource industry has spanned more than a quarter-century, was recently honoured with a lifetime achievement award from the Canadian Institute of Mini…