News – 26-MAR-01 (March 26, 2001)
INDEXAber10Agnico-Eagle16AngloGold3Ashanti3Atna1Aurogin3Balaclava3BandOre6Barrick2Bema2…
2001
Diamond Fields, Trans Hex join forces in Namibia
Circumventing the need for financing, Diamond Fields International (DFI-T) has teamed up with South African miner Trans Hex Group to exploit the junior’s marine diamond property, off the coast of Nami…
GREATEST VALUE TRADED, MAR. 14-20
Value($000s)HighLowCloseChangeAlcoa*N…
Billiton, BHP to form mining behemoth
London-based Billiton and Australia’s BHP (bhp-n) are merging to form one of the world’s largest diversified resource companies, to be known as BHP-Billiton.The merger is to take place under a “dual-l…
The healing properties of gold
In medieval Europe alchemists mixed powdered gold into drinks to “comfort sore limbs,” nowadays known as arthritis. Word of gold’s power to relieve the pain of arthritis spread throughout the ensuing …
Corriente outlines copper at San Luis
Corriente Resources (CTQ-T) has outlined a high-grade copper target at the San Luis prospect, at the northern end of the Corriente copper belt in southeastern Ecuador.The property hosts well-developed…
Eldorado Gold squeaks out profit
Vancouver — Despite lower production and higher costs, Eldorado Gold (ELD-T) turned a small profit in 2000.Earnings amounted to US$1.1 million (or US1 per share) on revenue of US$53.4 million, compa…
GQ find yields high micro count for Band-Ore
A new discovery area on Band-Ore Resources’ (BAN-T) GQ property, 20 km west of Wawa, Ont., has returned high microdiamond counts from boulders consisting of diatreme breccia.Four new samples, each wei…
Producer and Dealer Prices (March 26, 2001)
Antimony: Mid-mkt US$1,320/t.Bismuth: Mid-mkt US$4.05/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.20-14.75/lb.Copper: Comex May US$0.801/lb.Indium: Ind…
Saskatchewan kimberlites yield low grade
Bulk sampling has confirmed the low grade of two promising kimberlites at the Fort la Corne joint venture in Saskatchewan.Pipes 122 and 141 were targeted for additional sampling, the objective being…
Marum seeks Manitoba diamonds
Marum Resources (MMU-V) and Consolidated Oasis Resources (CSI-M) are among the juniors to have picked up ground in the heart of Manitoba’s diamond play.Marum struck a deal with Indicator Explorations …
Market mayhem misses CDNX
Vancouver — Canada’s junior exchange managed to survive the recent market meltdown with relatively minor damage. The oil-and-gas and mining indices managed to stay in positive territory while tech st…