IMA plans follow-up drilling at Rio Tabaconas
Encouraged by results from the first round of drilling on the Cerro Tablon gold prospect at the Rio Tabaconas property in Peru, IMA Exploration (IMR-V) is preparing for a second phase.The junior teste…
News
Afri-Can samples alluvials
Junior Afri-Can Marine Minerals (AFA-V) has hired the marine unit of De Beers Consolidated Mines to test several possibly diamond-bearing features off the coast of Namibia.Seventeen features outlined …
PGE potential in BC
Higher prices for palladium and platinum have generated renewed interest in exploring for these metals around the world and in the Canadian Cordillera.Recent prices reflect the growing use of these me…
Gold found at World Trade Center
Workers at Ground Zero have unearthed hundreds of millions of dollars in lost gold amid the ruins of the World Trade Center in New York, N.Y., the New York Daily News reports.The gold was found in a d…
Cdn Zinc finds more veins at Prairie Creek
Vancouver — Canadian Zinc (CZN-T) is encouraged by results from a just-wrapped diamond drill program at the Prairie Creek zinc-lead-silver property in the Northwest Territories.The junior is incorpor…
Banks commit US$230m to Aber
A banking group will provide a US$230-million debt facility to Aber Diamond (ABZ-T) so that the Toronto-based company can fund its share of the remaining capital costs at the Diavik project in the Nor…
Bull run continues in gold stocks
Gold settled into a new, higher trading range of US$278-280 per oz. during the Oct. 31-Nov. 6 trading period, as the U.S. dollar showed some weakness in the face of widespread layoffs and slowing indu…
Falco fined for safety violation
Falconbridge has been fined $75,000 for violating the Ontario Occupational Health and Safety Act at its Lockerby nickel-copper mine in Walden, Ont.The incident occurred in September 1999, when a miner…
PEOPLE (November 12, 2001)
Alcan — Clarence Chandran and Brian Levitt appointed directors.Int’l Croesus — Michelle Robinson appointed exploration manager.Manhattan Res. — John Peltier appointed director.Seabr…
US data drag prices lower
Despite fresh production cuts in zinc and copper (in byproduct form), base metals prices continued to trend lower during the report period Oct. 29-Nov. 2, dominated by poor economic data out of the U….
Gitennes dumps Virgen
Junior Gitennes Exploration (GIT-T) has sold its share in the Virgen gold property in Peru. A private Peruvian company paid US$1 million and must pay another US$500,000 in the coming weeks for the pro…
CDNX bolstered by rate slash
Vancouver — Canada’s junior exchange rallied in light of another cut in U.S. interest rates. The resource indices led the way as the Canadian Venture Exchange composite index tacked on 31.44 points, …