Exchange Rates (May 27, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 21May 20May 17May 16May 15US$ in C$1.5382Holiday1.54241.5546…
2002
The Northern Miner — Small Producers Index (May 27, 2002)
91.88 (+7.38)(Sept. 30/98 = 100)…
Ashton finds kimberlite at Kikerk Lake (May 27, 2002)
Ashton Mining of Canada (ACA-T) has intersected a new kimberlite body on the Kikerk Lake property in the north Slave Craton region of Nunavut while drill-testing a geophysical feature just 700 metres …
TSE Short Positions (May 27, 2002)
Short positions outstanding at May 15, 2002Larger individual positions includeAber Diamond 362,698 up 163,201; Agnico-Eagle 5,097,435 up 79,022; Alcan 1,219,027 up 307,302; Aurad…
Junior exchange charges ahead
Vancouver — The S&P/TSX Venture Index jumped 43.19 points, or 3.7%, to close the week ended May 21 at 1202.41 points.New Bullet Group was the week’s volume leader, with 2.7 million shares crossing th…
Ivanhoe hits more gold at Turquoise Hill
Vancouver — Ivanhoe Mines (IVN-T) has tabled encouraging drill results from the Central zone at its wholly owned Turquoise Hill (Oyu Tolgoi) gold-copper project in southern Mongolia.Seven holes drill…
Geomaque bleeds red in 2001
Struggling junior gold miner Geomaque Explorations (GEO-T) has released its year-end financial results, and they aren’t pretty.The net loss for the year ended Dec. 31, 2001, was US$10.5 million (US17…
Meridian eager to drill Machacala (May 27, 2002)
Meridian Gold (MNG-T) is gearing up for its first round of exploration drilling at the Machacala gold-silver property in Peru, held by Montreal-based junior Gold Hawk Resources (CGK-V).As operator, Me…
Commentary: Some new perspectives on Busang’s red flags
According to the critics of Bre-X’s gold project in Kalimantan, Indonesia, the warning signs, or “red flags,” were numerous and obvious and should have alerted those involved that the gold mineralizat…
Ivanhoe drives Mongolian exploration
Vancouver — After a decade of false starts, mineral exploration is finally gaining some traction in Mongolia.A vast highland country, Mongolia is land-locked between Russia to the north and China to …
Pacific Rim sets sights on La Calera
Vancouver — Having completed their merger, Dayton Mining and Pacific Rim Mining are preparing for a 7,000-metre drill program on the El Dorado gold project in El Salvador.The combined entity, which r…
Kennecott undeterred at Rockinghorse (May 27, 2002)
Spring drilling by Kennecott Canada Exploration on 12 exploration targets at the Rockinghorse joint venture in Nunavut’s emerging Coronation Gulf district failed to intersect any new kimberlites. Howe…