DRC tables new Afton resource (December 31, 2001)
Vancouver – Deeper drilling by DRC Resources (DRC-V) has boosted the mineral resource at the past producing Afton c…
News
Gold Canyon finds more gallium sniffs at Cordero
Seven out of nine holes drilled by Gold Canyon Resources (GCU-V) on its Cordero project in Humboldt Cty., Nevada, h…
Candor completes flow-through financing
Recently listed Candor Ventures (CND-V) has raised $270,000 for exploration on its Ontario properties, with just ov…
Pundits predict recovery in 2002
Vancouver — 2001 will not go down as a banner year for the global economy. Exactly when we entered the first recession in 10 years seems not to be an issue, but when we start to come out of it is.Mos…
Northgate financing will advance Kemess North project
Vancouver — Northgate Exploration (NGX-T) is attempting to raise $140 million through equity financing and recapitalization. A portion of the funds would be applied to the Kemess North project in nor…
2001 deals out the pain
Some are comparing 2001 with the first half of the 1980s, the last time metal prices were so bad. Others are comparing it with the depression after the crash of 1929. And so far, nobody has compared i…
Can things get better? The view from the trough
The year 2001 may go down as the year we were paid back for the financial excesses of the 1990s.Recession is biting the North American economies, Continental Europe is feeling the first nibbles, and t…
Books uncover the dark underbelly of the diamond world
BOOK REVIEWS/VIRGINIA HEFFERNANDiamond: A Journey to the Heart of an ObsessionBefore Canadian juniors burst on to the scene a decade ago, the world of diamonds was cloaked in secrecy. The dis…
More funding for OPA
The Ontario government will provide more than $3 million, through the Northern Ontario Heritage Fund Corporation (NOHFC), to finish restructuring the Ontario Prospectors Association (OPA).In November …
Tiberon expands Nui Phao deposit (December 31, 2001)
Vancouver — Assay results from 11 stepout holes have expanded, to the east, west and south, the Nui Phao tungsten deposit in Vietnam. The property is in the country’s northern region, near Hanoi.Tibe…
Spot Prices Wed. December 12, 2001 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$278.90+$5.65Silver$ 4.49+$0.20…
Yukon extends tax credit
The Yukon government has extended its mineral exploration tax credit by one year to April 1, 2003. The announcement was made at the Yukon Geoscience Forum in Whitehorse.The credit is a refundable corp…