BC reclassifies land package
In a move designed to spur investment in British Columbia’s interior, the provincial government has reclassified 550 sq. km of Crown land and opened it up to mineral exploration.The land package consi…
News
Geodex gains former Cape Spencer mine
Intrigued by the potential for both bulk-tonnage and high-grade narrow-vein gold targets, Geodex Minerals (GXM-V) has struck a deal to acquire the Armstrong Brook property in southern New Brunswick.Th…
Pacific Minerals cuts high-grade PGMs in China
Vancouver — Pacific Minerals (PMZ-V) has intersected high-grade platinum, palladium and gold mineralization while drilling the JBS project in China’s Yunnan province.Ongoing infill drilling is design…
Orezone finds north extension at Essakan
Vancouver — Ongoing drilling by Orezone Resources (ORZ-T) at the Essakan gold deposit in Burkina Faso has uncovered a northern extension.Results show that the zone has the same geology and style of m…
Spot Prices Wednesday April 30, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$336.00+2.20Silver$4.61+0.04Platinum$606.00-32.00…
Lending Rates (May 05, 2003)
as of 4 pm ET, Apr. 29, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.31LIBOR US$ 6-month1.29LIBOR US$ 1-year1.36Gold …
Crown pulls high grades at Buckhorn (May 05, 2003)
Assays on core samples from the Buckhorn Mountain property in north-central Washington, held by Crown Resources (CRCE-O), indicate high gold grades over significant widths.Crown drilled 41 holes betwe…
Mag drills in Zecatecas state
Vancouver — Mag Silver (MAG-V), formerly Mega Capital Investments, will perform 3,500 metres of drilling on the Juanicipio silver project in Mexico’s Zecatecas state.The newly minted junior is target…
Richmont in black for first quarter (May 05, 2003)
In the recent first quarter, Richmont Mines (RIC-T) earned less than in the fourth quarter of 2002 but more than in the first quarter of that year.The gold producer earned $371,268 (or 2 per share) o…
Northern Miner Indices (May 05, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
The Northern Miner Indices (May 05, 2003)
North American Mining: 64.47 (-3.38)Small Producers: 58.30 (-4.90)(Sept. 30/98 = 100)…
Inmet takes over Teck’s Cerattepe project
A deal between the Turkish subsidiaries of two Canadian mining companies will give Inmet Mining (IMN-T) control of the Cerattepe copper and gold deposit, near Artvin in northeastern Turkey.Under the d…