Correction (October 09, 2000)
The Howard’s Pass base metal deposit, on the Yukon-Northwest Territories border, hosts 110.5 million tonnes averaging 5.3% zinc and 2.4% lead. Incorrect information appeared in our Sept. 11-17 issue. …
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LME Warehouse Levels (October 09, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 3/00 (change from Sept. 26 in brackets):MetalStock(tonnes)Change…
Champion funds work
Junior Champion Resources (CHL-V) has increased a private placement by 400,000 units to 2.4 million units.Each unit will consist of one share and one share purchase warrant exercisable over two years….
Aurora Platinum buys property
Aurora Platinum (ARP-V) plans to acquire the McDonough platinum-palladium property, 12 km north of Red Lake, Ont.The property hosts a poorly exposed gabbro with a strike length of 9 km, as defined by …
Altius more than a blip on Haywood’s radar screen
Newfoundland is proving to be a favoured hunting ground for junior companies searching for stand-alone gold projects or base metal deposits that might attract the interest of majors. Mining analyst Ja…
Iamgold to drill six properties
Though best known for its 38% stake in the Sadiola Hill mine in Mali, Iamgold (IMG-T) is making a name for itself on the exploration scene. In addition to mine-site exploration, the globe-trotting com…
‘Prairie gold’ becomes ‘natural nanoparticulate metal’
After spending $15 million, including $2.7 million raised earlier this year, Birch Mountain Resources (BMD-V) has precious little to show for its pursuit of “prairie gold” at its land package in the A…
Cambior fights for survival
With creditors breathing down its neck, Cambior (CBJ-T) has been granted a one-month extension to turn in a plan outlining how it will repay or refinance the balance of its bank loan by the end of thi…
Bema closes financing for Julietta project
Through its 79%-owned Russian subsidiary, Bema Gold (BGO-T) has closed a US$35-million financing agreement for the construction of the Julietta mine in that country’s far eastern region.The financing …
Partners find high grade beneath low grade
A hole drilled by Normandy Mining (NDY-T) at the advanced Ntotoroso gold property in Ghana suggests the presence of higher-grade tonnage beyond the current pit outline.Situated near Kumasi, in the cou…
Metallurgical breakthrough key to Howards Pass
Tails do not wag dogs, or at least not for very long, and trends in the exploration business ultimately follow the forces that are driving the metals and mining business further downstream.Metal marke…
Conflict in DRC a black cloud over mining
Helped by Rwanda, rebel leader Laurent Kabila toppled larcenous dictator Mobutu Sese Seko in 1997 and became president of the Democratic Republic of Congo (DRC), formerly Zaire. A year later, Rwanda a…