Ashton hits apparent kimberlite at Otish
Ashton Mining of Canada (ACA-T) has intersected what appears to be kimberlite in the first hole of a drilling program in the Otish Mountains region of north-central Quebec.A vertical hole drilled into…
BHP Billiton Canada Inc
US markets continue to slide
Denver — The Dow Jones industrial average sank another 243.43 points, or 2.7%, to 8,659.64 during the report period ended Sept. 25 — its lowest level in four years. The Nasdaq settled at 1501.64.The…
Canada’s diamond industry reaches 10-year milestone
Diamonds were a respectable exploration target in Canada in the 1960s and 1970s when De Beers and several major companies launched highly secretive programs aimed at finding kimberlites similar to tho…
FPO Production from Snap Lake project delayed until 2006
A depressed rough diamond market has given De Beers cause to push back production from the Snap Lake underground diamond project in Canada’s Far North until 2006, more than a year longer than was orig…
Tahera options Jericho project to Kennecott Canada
A series of restructuring moves is enabling Tahera (TAH-T) to step up exploration of its extensive landholdings in the Northwest Territories and Nunavut.In the latest development, the junior optioned …
BHP disappointed at DHK, WI claims in NWT
Diamond explorer Archon Minerals (ACS-V) has come up empty after drilling 14 geophysical targets on the DHK and WI claim blocks in the Lac de Gras area of the Northwest Territories.A year ago, BHP Dia…
Dow plunges in wake of tragedy
Denver — Nearly a week after the terrorist attacks on New York City and Washington D.C., trading resumed in a strongly negative fashion. The Dow Jones industrial average plunged 702.11 points, or 7.3…
Market slide cut short by tragedy
Denver — Bombing of the World Trade Center in New York on Sept. 11 halted trading among financial markets already battered by bad economic news. The Dow Jones industrial average fell 391.98 points (4…
Dow dips below 10,000 mark
Denver — Growing market pessimism pushed the Dow Jones industrial average below the 10,000 mark, down 224.54 points, or 2.2%, to 9997.49 points during the report period ended Sept. 4. The Nasdaq drop…
Hunt heats up in Quebec
Ashton Mining of Canada (ACA-T) is preparing to drill-test several targets this fall at its Otish Mountains joint-venture project in north-central Quebec.Ashton flew a geophysical survey over the Otis…
Tri Origin starts program Rex changes accounting policy
Tri Origin Exploration (TOE-V) is testing the Kazan copper-gold project 70 km south of Baker Lake in Nunavut, for its potential to host copper-gold deposits similar to Australia’s famous Olympic Dam m…
BHP Billiton, Corriente form alliance
Last year, Corriente Resources (CTQ-T) teamed up with Lowell Mineral Exploration and Billiton to explore porphyry copper projects in southern Ecuador. Now Corriente has joined forces with newly create…