Ekati turns in strong performance
In the Lac de Gras area of the Northwest Territories, some 300 km northeast of Yellowknife, Canada’s lone diamond mine churned out 4.56 million carats of stones for the fiscal year ended June 30, 2002…
BHP Billiton Canada Inc
Pyhasalmi works for Inmet
In spite of low prices for zinc and copper, Inmet Mining (IMN-T) saw good operating performance from its two copper-zinc mines, Pyhasalmi in Finland and Cayeli in Turkey, and posted a $1.6-million pro…
Majescor takes bulk sample at Wemindji
Majescor Resources (MAJ-V) has collected a large bulk sample from a 1.8-metre-thick sill of kimberlitic material at the Wemindji diamond property in Quebec. Results are pending.The pit measures 10 met…
SouthernEra recovers gems
The first hole drilled into the Sue kimberlite pipe in the Northwest Territories has yielded 95 diamonds for SouthernEra Resources (SUF-T).Sue is part of the Yamba Lake property, in which SouthernEra …
US markets stay weak
Stock markets in the U.S. were little-changed over the holiday-shortened trading period July 3-9. Over four trading days, the Dow Jones Industrial Average managed a 1% gain, to 9,096.09 points, while …
Diamonds North targets Victoria Island (July 08, 2002)
Hoping to capitalize on a revitalized diamond exploration sector that has been fueled by recent kimberlite discoveries in Quebec and the Coronation district of Nunavut, Major General Resources has spu…
Weaker U.S. stocks stumble
With markets weakening across the board, mining stocks were generally lower on U.S. exchanges. The Dow Jones Industrial Average fell 119.07 points, or 1.3% of value, over the five trading days from Ju…
Cameco buys Smith Ranch
Cameco (CCO-T), the world’s largest uranium supplier, just got bigger.The Saskatoon, Sask.-based company has agreed to buy the Smith Ranch in situ leach mine and various other ISL properties in Wyomin…
Regional exploration turns up new prospects at Hope Bay
Cashed up after a $30-million financing, Miramar Mining (MAE-T) has found a number of new targets to use the money on after a regional exploration program on its Hope Bay project in Nunavut.The Hope B…
Turquoise Hill rights expire for BHP Billiton
BHP Billiton’s (BHP-N) back-in rights for a 40% stake in Ivanhoe Mines’ (IVN-T) Turquoise Hill project in southern Mongolia have expired.The rights would have become exercisable had BHP identified a p…
Ashton still bullish on Otish Mountains
Six years of regional reconnaissance exploration by Ashton Mining of Canada (ACA-T) and Soquem in the eastern Superior Craton of northern Quebec paid off in the fall of 2001 with the discovery of two …
Manitoba kimberlites prove elusive
Vancouver — A 1999 report by the Manitoba Geological Survey which showed that the province is geologically prospective for hosting diamond occurrences sparked a staking rush in the Superior craton. H…