First Quantum raises funds (December 16, 2002)
First Quantum Minerals (FM-T) will issue 5.5 million special warrants to raise nearly $18 million in an attempt to finance work at its assets in Zambia.The warrants are fixed at $3.25 apiece and entit…
News
Intertech Minerals
Intertech Minerals (IML-V) has changed its name to Mantle Minerals (MIN-V) on a 1-new-for-8-old-share basis.
Southwestern drills Boka
The recovery of multi-ounce grades from adits has prompted Southwestern Resources (SWG-T) to launch a drill program at the Boka gold project in China’s Yunnan province.The 2,000-metre program will try…
Junior exchange edges up
Vancouver — Canada’s junior exchange posted modest gains over the week ended Dec. 10. The S&P-TSX Venture Exchange composite index tacked on 6.05 points, or 0.63% of its value, and closed at 966.24.P…
Drill results keep Cdn. Royalties keen at Mesamax
Vancouver — Canadian Royalties (CZZ-V) has tabled encouraging assay results for 11 additional holes drilled on its Mesamax prospect in northern Quebec.Mesamax is part of the Expo-Ungava property, whi…
Editorial Cartoon (December 16, 2002)
Diavik nears startup
Construction of the Diavik diamond mine, in the Northwest Territories, is expected to be close to completion by year-end.London-based Rio Tinto (RTP-N) and its Canadian partner, Aber Diamond (ABZ-T), …
Rubicon tests Rivard
Vancouver — A first phase of drilling by Rubicon Minerals (RMX-V) at its recently acquired Rivard gold project in northwestern Ontario is investigating mineralization downdip of surface occurrences.S…
MOST ACTIVE ISSUES, DEC. 4 – 10
ExchgVol(000s)HighLowCloseChangeKinross GoldT313453.082.822.88+0.12…
Inco reviews Goro development
Facing sudden and significant cost overruns, Inco (N-T) will be reviewing its Goro nickel laterite project in the French Pacific territory of New Caledonia.The company is beginning a 6-month engineeri…
Miramar sets sights on Boston Deeps (December 16, 2002)
Vancouver — The largest drill program planned for Canada in 2003 may have got 9,000 metres bigger, now that Miramar Mining (MAE-T) intends to test the depth potential of the Boston deposit at the Hop…
Correction (December 16, 2002)
A recent insider trading report should have stated that Michael Terrel, director of St. Jude Resources (SJD-V), bought 23,000 shares directly at 65-80 apiece and 525,145 shares indirectly and private…