Early drilling positive at El Aguila
Initial drilling by Canyon Resources (CAU-X) at the El Aguila property in Oaxaca state, Mexico, has encountered near-surface gold and silver mineralization.Canyon, earning a 50% interest in the proper…
News
Metals Commentary: The outlook for precious metals
Since the mid-summer, gold prices have surged back towards the 7-year highs of US$389 per oz., set in February of this year. Indeed, the afternoon fix on Sept 9. actually surpassed the February high (…
Noranda sells 12-year notes
Mining conglomerate Noranda (NRD-T) intends to sell US$350 million worth of unsecured debentures in order to repay existing notes.Net proceeds are mainly earmarked for US$300 million worth of existing…
Major slippage at Grasberg
The biggest news during the report period ended Oct. 14 was a major rockfall at Freeport-McMoRan Copper & Gold’s 90.6%-owned Grasberg open-pit mine in Indonesia. Two employees are known to be dead, si…
SKN forms JV with Kunming Gold
Vancouver — SKN Resources (SRL-V) received a nod from the Chinese government to form a joint venture with Chinese-based Kunming Gold Exploration Engineering to explore the Tuobuka gold project in Yun…
James A. Harquail
James Harquail, an exploration geologist and mining engineer who worked with renowned prospectors Thayer Lindsley and Duncan Derry, has died. He was 80.A native of Campbellton, N.B., Harquail earned h…
Pilagold heads to Nicaragua
An option to earn a majority interest has Pilagold (Pri-V) reassessing the historic San Ramon mining camp for its oxide potential.Situated in south-central Nicaragua, San Ramon hosts numerous low-sulp…
Spot Prices Tuesday, Oct. 14, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$373.65-2.55Silver$4.94+0.10Platinum$730.00+8.00P…
Exchange Rates (October 20, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 13Oct. 10Oct. 9Oct. 8Oct. 7US$ in C$Holiday1.32051.3399…
More issues soar to new heights
TORONTO STOCK EXCHANGEThe recent spat of record-breaking continued through the Oct. 8-14 report period, with some issues achieving the milestone on significant percentage gains.Junior Corriente Resour…
Junior exchange rallies to new high
TSX VENTURE EXCHANGEVancouver — Canada’s junior exchange surged to a new all-time high over the week ended Oct. 14. The S&P-TSX Venture Exchange composite index rocketed 36.64 points, or 2.6%, to clo…
Partners drill Timmins project (October 20, 2003)
High-grade intersections are reported from the first four holes of a recently doubled, 10,000-metre program of definition drilling on Holmer Gold Mines’ (HGM-V) Timmins property.Highlights include the…