Correction (February 26, 2001)
In the B section of our Feb. 5 issue, we misquoted David Copeland, director of projects for the Hunter-Dickinson group.Mr. Copeland’s actual words were: “The workable political climate, combined with …
Platinum Group Metals Ltd
Broad market hammered by Nortel forecasts
The Toronto Stock Exchange 300 index nosedived 674.8 points during the Feb. 14-20 report period to finish the week at 8,326.68. The 7.6% loss was triggered by a massive sell-off in Nortel shares after…
PGE exploration tops agenda at Cordilleran Roundup
Vancouver — Platinum and palladium plays took centre-stage at the 18th annual Cordilleran Roundup, held here in late January. About 2,100 delegates and 128 exhibitors attended the 4-day event, which …
McVicar, BHP stake ground north of Superior
Partners McVicar Minerals (MVR-V) and BHP (BHP-N) have staked a second platinum group metals (PGM) property on the north shore of Lake Superior.The 174-claim property is named Foxtrap, after the Foxtr…
Inco reaps PGM windfall, makes discoveries
Sky-high palladium and platinum prices are swelling what had been a little-mentioned byproduct credit into a major source of cash flow for Inco (N-T).For 2000, the nickel giant’s revenue from platinum…
Trail reduces zinc output
The Waneta Dam, on the Pend Oreille River, near Trail, B.C., is becoming a cash cow for Cominco (CLT-T). The zinc producer has been selling excess power to utilities and other customers in the wake of…
Analysts select 10 juniors
Times have been tough for the mining sector these past three years. Liquidity remains a critical problem, with speculative investors nibbling selectively at drill hole stories but, for the most part, …
Base metals stage comeback
A sense of optimism returned to the base metals complex between Jan. 8 and 12, as all the major metals ended the period strongly higher with firm bases of support. Copper prices gained 0.5% over the w…
Aurora drills nickel sulphide targets in Quebec
Vancouver — Encouraging results from last year’s drilling on the Midrim and Foy properties have prompted junior Aurora Platinum (ARP-V) to intensify its hunt for nickel sulphides in Ontario and Quebe…
Freewest, Sparton persevere at Folson Lake PGM property
Partners Freewest Resources (FWR-M) and Sparton Resources (YSP-V) will begin another round of drilling at their Folson Lake platinum group metals (PGM) property, near Sudbury, Ont.Folson Lake covers 3…
Drilling enhances Loveland
Drilling by Prospectors Alliance (YRP-V) has intersected more base metals at the Loveland property, near Timmins, Ont.Prospectors can earn a half-interest in the project by covering exploration expend…
Mustang finances PGM exploration
Toronto-based Mustang Minerals (YMU-V) recently topped up its treasury with a $1.1-million special warrant financing sold through Jennings Capital. Proceeds will be used to explore for platinum group …