NEW HORIZONS — Fingerprinting gold
Historians of gold have always pondered the origin of the metal used by Venetians in the 12th century for their ducat coins and by Benvenuto, the Renaissance goldsmith, for his famed gold salt cellar….
News
EDITORIAL — New Zealand shifts to market economy — Right turn pays dividends
No one pretends it was easy. Even so, New Zealanders (or Kiwis, as they are affectionately called by their Aussie neighbors) have accomplished a remarkable turnaround from the brink of insolvency a de…
STOCK MARKET — Resource stocks on TSE fall into the pit — Market weakness aggravated by tighter bank rate
The Toronto Stock Exchange lost more ground over the trading period Nov.19-25, as an increase in the Bank of Canada’s overnight loan rate snuffed out a modest rally. The TSE 300 composite index closed…
METAL PRICES Daily Metal Prices
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateNov. 25Nov. 24Nov. 21Nov. 20N…
EXPLORATION ROUNDUP — Placer extends depth of Samira deposit
Deep drilling by Placer Dome (PDG-T) on the Samira deposit in Niger has traced the main gold-bearing zone a further 50 metres to a vertical depth of 280 metres.From the five reported holes, the signif…
Mineral Res. commissions asbestos project
British Columbia is once again an asbestos-producing province.Mineral Resources (MIC-T) has commissioned the Cassiar chrysotile asbestos project in northern B.C. Because the project was a few months l…
Nelson sustains Tajikistani output
Nelson Gold (NLG-T) has maintained production levels at its partially owned Jilau gold mine in Tajikistan while decreasing its losses in the third quarter.The company is also a partner in the Taror co…
Stillwater to test mine potential of East Boulder
Colorado-based Stillwater Mining (SWC-X) plans to drive an 18,500-ft.tunnel to provide exploration access to the J-M reef at its East Boulder project, 13 miles west of its namesake mine near Nye, Mont…
Yemeni project employs heavy mineral concentrates
Work in northern Yemen by Canadian Mountain Minerals (CYM-A) and Goldtex Resources (GXR-A) is proving to be a successful demonstration of the use of heavy-mineral concentrates to provide effective geo…
EXPLORATION ROUNDUP — Rio Narcea boosts gold reserves in Spain — Denver-based junior expanding El Valle, Carles
Rio Narcea Gold Mines (RNG-T) has boosted reserves at its Spanish properties by almost one-third.The properties, which are centred in the northwestern region of Asturias, now contain total proven and …
EXPLORATION ROUNDUP — Placer Dome joins Canarc in southern Suriname
Canarc Resource (CCM-T) has formed a partnership with a major mining company at its Benzdorp property in Suriname, South America.Placer Dome (PDG-T) can earn a 51% interest in the South American prope…
EXPLORATION ROUNDUP — Golden Phoenix stakes claims in Alaska
Golden Phoenix Minerals (GPXM-O) has picked up two more volcanogenic massive sulphide prospects in the Bonnifield district, south of Fairbanks, Alaska.The company staked claims covering 3.5 sq. miles …