DRC returns land to Banro
The government of the Democratic Republic of the Congo (DRC) is returning gold concessions it expropriated from Toronto-based Banro in 1998.The land was expropriated because of what the DRC called “ir…
News
Int’l Curator targets Hunt property
Vancouver — International Curator Resources (IC-T) has kicked off a 5,000-metre diamond drill campaign at the Assean Lake gold project, 120 km northeast of Thompson, Man.About 3,000 metres (eight hol…
Tiberon tables Nui Phao metallurgical study
Vancouver — Tiberon Minerals (TBR-V) has released positive results from its metallurgical study of the Nui Phao tungsten deposit in northern Vietnam.The study indicates that about 80% of the containe…
Diamondex explores Slave
Diamondex Resources (DSP-V) has put aside $1.2 million to explore the newly acquired Peregrine property in the north Slave Craton of Nunavut.Diamondex was among the first of about 30 companies to acqu…
Block J reveals more gems (February 18, 2002)
An independent sampling program funded by Afri-Can Marine Minerals (AFA-V) and Woduna Mining Holding has recovered several more diamonds from the Block J marine concession in Namibia.De Beers Marine, …
Seabridge continues shopping spree (February 18, 2002)
With the ink just drying on a deal to pick up North American Metals’ (NAM-V) Red Mountain project in northwestern British Columbia, Seabridge Resources (SEA-V) has agreed to acquire Golden Phoenix Min…
De Beers gains patch on Baffin Island
News that the Canadian exploration division of De Beers has tied up more than 28,000 sq. km in prospecting permits across northern Baffin Island could put the spotlight on Twin Mining’s (TWG-T) Jackso…
Northern Empire, Stornoway add to holdings
Under a cloak of secrecy, partners Northern Empire Minerals (NEM-V) and Stornoway Ventures (SWV) have acquired two properties totalling more than 4,000 sq. km in northern Canada.Northern Empire Presid…
Canadian Stock Exchange Indices (February 18, 2002)
DateFeb. 12Feb. 11Feb. 8Feb. 7Feb. 6HighLowTSE 3007543.767604.517535.367843.437497.06…
Great Basin boosts Ivanhoe (February 18, 2002)
Vancouver — The jump in the price of the yellow metal has prompted Great Basin Gold (GBG-V) to increase the net present value forecast for the Ivanhoe property in Nevada’s Carlin trend.Based on the c…
Northern Miner Indices (February 18, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Daily Metal Prices (February 18, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 12Feb. 11Feb. 8Feb. 7Feb. 6Aluminium1370.50/13…