Tiberon tallies more tungsten (March 04, 2002)
Vancouver — The latest drill results from the Nui Phao tungsten property in Vietnam continue to show favourable grades.Tiberon Minerals (TBR-V) reports that the best results include the following:- h…
News
Red metal suffers setback
Copper prices ended the report period Feb. 18-22 by giving up almost all the gains they had made since late January. On Feb. 22, the 30-month price on the London Metal Exchange closed just above the 1…
Advancing investment demand spurred ’01 gold price
Although gold consumption slid 2% in comparison with the previous year, the yellow metal went out on a high note in 2001, largely propelled by significant increases in investment demand, says the rece…
Inco gets new CFO
Inco (N-T) has appointed Farokh S. Hakimi as executive vice-president and chief financial officer.Hakimi replaces George Halatsis, who resigned from both positions in order to work for another firm.Ha…
Rubicon adds $3m to coffers
Vancouver — Rubicon Minerals (RMX-V) has raised $3 million through a brokered private placement and will use a portion of the funds to explore its Red Lake properties in northern Ontario.The financin…
Inmet inks Antamina put-call deal (March 04, 2002)
Inmet Mining (IMN-T) has signed an agreement with Noranda (NRD-T) whereby either company can initiate the sale of Inmet’s 3.3% net proceeds interest in the Antamina zinc-copper mine in Peru.Inmet’s pu…
General Minerals extends Atocha mineralization (March 04, 2002)
Surface channel sampling by General Minerals (GNM-T) along strike from the A10 test mine site at the high-grade Atocha silver project in central Bolivia has extended mineralization over a strike lengt…
Mine in Uruguay helps Crystallex to record output
During 2001, Crystallex International (KRY-T) enjoyed its best year of gold production since beginning mining operations in 1995.From its mines in Uruguay and Venezuela, the company produced 109,000 o…
Diamondex budgets $2.5m for exploration
Diamondex Resources (DSP-V) has added to its holdings in the Coronation Gulf district in Nunavut by staking 202 sq. km in an area southwest of the Anuri kimberlite discoveriesThe company will spend $6…
Candente ups interests in Peru (March 04, 2002)
Vancouver — Candente Resource (DNT-V) has acquired the remaining 50% interest it does not already own in three Peruvian gold projects: Lunahuana, El Tigre and Las Sorpresas.The Joanne Freeze-led juni…
Western Copper drills Penasquito
Having raised enough funds in a private placement, Western Copper Holdings (WTC-T) is preparing to launch a drilling program at its Penasquito lead-zinc-silver property near Zacetecas, Mexico.Covering…
Lending Rates (March 04, 2002)
as of 4 pm ET, Feb. 26, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.05LIBOR US$ 1-year2.46Gold lease 3-month0.6613Gold le…