Sultan sets sights on Kena’s Gold Mountain zone
Ymir, B.C. — Having cut a narrow interval of bonanza-grade mineralization, Sultan Minerals (SUL-T) is stepping up exploration efforts at the 35-sq.-km Kena property, south of Nelson.The program is fo…
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Wake-up call for investors in BC exploration
Vancouver — A couple of years ago, an eastern commentator said B.C. stands for “basket case” and that the province’s exploration industry is in a coma. But if any industry is likely to survive tough …
Weaker US dollar to benefit gold
Gold will remain a financial refuge in these uncertain times and the year-old bull run in gold equities has not yet reached its peak, according to an October 15th report by HSBC.The document, compiled…
Partners expand Agnew Lake property
Partners Pacific North West Capital (PFN-T) and New Millennium Metals (PGM-V) will acquire several more claims in the Agnew Lake intrusion, near Sudbury, Ont.In exchange for 6.5 sq. km, the pair must …
Western Areas keeps stake in South Deeps
After months of wrangling, South Africa’s Western Areas has decided not to sell its 50% stake in the South Deeps gold mine, near Johannesburg.Chief Executive Officer Brett Kebble says the company cons…
TSE Short Positions (November 12, 2001)
Short positions outstanding at October 31, 2001Larger individual positions include:Agnico-Eagle 397,538 up 106,712; Alcan Inc. 1,060,550 down 83,684; Barrick Gold 10,769,044 down 550,619;…
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…
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…