Spot Prices Wednesday January 22, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$359.25+7.35Silver$4.83+0.10Platinum$648.00+29.00…
2003
A sweet week for golds
Gold bugs were delighted over the holiday-shortened report period as prices for the yellow metal surged more than US$7 to a new, 6-year high of almost US$360 per oz.Gold has been on a steady march upw…
Wolfden peddles Red Lake properties
Having just arranged to acquire the 30% interest in the My-Ritt property it does not already own, Wolfden Resources (YWO-V) is granting Teck Cominco (TEK-T) an option to take a 60% stake in the proper…
Venezuelan opposition may be country’s last hope Chaining the strongman
It is the common fate of the indolent to see their rights become a prey to the active. The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitu…
Kenya gives nod to Tiomin’s Kwale
Kenyan approval of the environmental management plan for the Kwale titanium-sands project sent shares in Tiomin Resources (TIO-T) soaring more than 42% in early trading in Toronto on Jan. 21.The appro…
Juniors join forces
Juniors St Andrew Goldfields (SAS-T), Royal Victoria Minerals (RVM-V) and United Tex-Sol Mines (UTX.A-V) have taken a cue from their larger peers and decided to merge.The 3-way merger calls…
Pele’s Cristal yields large stone (January 27, 2003)
Lakefield Research has recovered a 0.72-carat diamond from Pele Mountain Resources’ (GEM-V) Cristal occurrence, on the Festival property, near Wawa, Ont.The stone measures 4.42 by 4.28 by 3.58 mm and …
Plexmar raises Otish funds (January 27, 2003)
Plexmar Resources (PLE-T) has raised $457,000 for its Papaskwasti and Discovery diamond properties in Quebec’s Otish Mountains.At Papaskwasti, the junior will begin drilling after it analyzes results …
South Atlantic hot on Swedish targets; Rio Narcea
Drilling will follow relogging and sampling of existing coreVancouver — South Atlantic Ventures (saa-v) has begun exploring for Olympic Dam-style deposits of iron oxide, copper and gold (IOCG) in nor…
Namex drills sulphides at Woods Creek (January 27, 2003)
Two holes drilled by Namex Exploration (NME-V) have confirmed the extension of sulphide mineralization beneath the Woods Creek showing in northern Ontario.The showing, which yielded 1.22% copper, 0.95…
Canadian Stock Exchange Indices (January 27, 2003)
DateJan. 21Jan. 20Jan. 17Jan. 16Jan. 15HighLow…
Canabrava recovers diamonds at Hadley Bay
Junior Canabrava Diamond (CNB-T) has recovered three stones from the Turnstone kimberlite, one of a cluster of ten magnetic anomalies discovered last summer at the Hadley Bay diamond property in the C…