Exchange Rates (November 27, 2006)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
News
Some bits about diamond drilling
Diamond core bits are generally made with drilling solid rock in mind. Rock may be broken, hard, abrasive, etc., but will usually make its way up into the core tube en route to the geologist’s core ta…
Starfield advances Ferguson Lake (November 27, 2006)
Vancouver — In wrapping up its 2006 drilling program at the Ferguson Lake copper-nickel-platinum group metals project located 240 km west of Rankin Inlet, Nunavut, Starfield Resources (SRU-V, SRFDF-O…
Teck puts $30M into Tahera
Vancouver — Teck Cominco (TCK.B-T, TCK-N) plans to invest $30 million in Tahera Diamond (TAH-T, TAHEF-O) through a private-placement that would give the major a 16% stake in Canada’s newest diamond m…
Forest Gate increases leverage with diamond find
Forest Gate Resources (FGT-V, FOGTF-O) has found diamonds on its West Side property in the Fort la Corne area of Saskatchewan.
Daily Metal Prices (November 27, 2006)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Queenstake Q3 disappoints
Vancouver — Reduced gold production coupled with higher commodity and labour costs pushed Queenstake Resources (QRL-T, QEE-X) to its worst quarterly performance since acquiring the Jerritt Canyon min…
Freeport to swallow Phelps
If shareholders give the go-ahead, Freeport-McMoRan Copper & Gold’s (FCX-N) proposed takeover of Phelps Dodge (PD-N) will create the world’s largest publicly traded copper company and the largest …
‘Conflict diamonds’ getting through loopholes
Commentary — The following was presented by De Beers chairman Nicky Oppenheimer earlier this year at the World Diamond Congress in Tel Aviv, Israel. De Beers, of course, is a…
Tribute’s Arrow holes hit mark (November 27, 2006)
Analytical results from two drill holes by Tribute Minerals (TBM-V, TBMIF-O) at the Garnet Lake property in northwestern Ontario have shown zinc and minor copper mineralization.
New Gold outlines deep zone at Afton
Vancouver — Underground drilling at New Gold’s (NGD-T, NGD-X) New Afton project near Kamloops, B.C., is confirming a new, deep zone of copper mineralization beneath the existing resource.
Lonmin bids for AfriOre
Platinum producer Lonmin (LMNIF-O, LMI-L) has reached an agreement to acquire AfriOre (AFO-T, AFOFF-O) in an all-cash deal.