Producer and Dealer Prices (October 15, 2001)
Antimony: Mid-mkt US$1,400/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$8.00-9.40/lb.Copper: Comex Dec. US$0.64/lb.Indium: Indiu…
News
Heritage raises funds
Junior Heritage Explorations (HXL-V) has raised $300,000 by issuing 3 million treasury shares. The placement came with an equivalent number of warrants, which are exercisable at 10 apiece within the …
Sultan Minerals expands land base in BC
Vancouver — Junior Sultan Minerals (SUL-V) has added two properties to its portfolio in southeastern British Columbia.From a local prospector, the company acquired the Great Western property, which m…
De Beers to test unusual diamond occurrence at Festival
The Canadian exploration division of De Beers Consolidated Mines, now a subsidiary of Anglo American (AAUK-Q), will process a 100-tonne sample from the Cristal showing on the Festival diamond property…
Legris gets another look
A 1,000-metre drill program is testing for mineralized extentions at the Legris Lake polymetallic project near Thunder Bay, Ont.The property is split evenly between Avalon Ventures (AVL-V) and Starcor…
RJK, GLR pull values at Stares
RJK Explorations (RJX.A-V) and GLR Resources (GRS-T) have intersected base metal sulphide mineralization in two holes on their jointly held Stares property, 50 km west of Thunder Bay, Ont.The holes te…
Penoles options El Nino
Under an agreement with Toronto-based Diadem Resources (DIR-V), Mexican silver producer Industrias Peoles is earning an interest in the El Nino claim, west of the San Nicolas deposit held by Western …
TSE Short Positions (October 15, 2001)
Short positions outstanding at September 30, 2001Larger individual positions include:Agnico-Eagle. 301,984 up 65,004; Alcan Inc. 1,111,641 down 340,263; Anderson Expl. 1,106,695 up 271,66…
River issues more rights
A deal between River Gold Mines (RIV-T) and certain noteholders extends the maturity date for half of the company’s 9% promissory notes until Oct. 8, 2003.The noteholders, representing $1 million wort…
Altius cuts gold at Moosehead
A hole drilled at the Moosehead property in central Newfoundland has returned high-grade gold values for partners Altius Minerals (ALS-V) and Sudbury Contact Mines (SUD-T).Hole 13 intersected 17.1 met…
Redhawk eyes zinc-oxide potential of Guatemalan prospect
Junior Redhawk Resources (RDK-V) hopes the key to developing several zinc-oxide prospects in the Americas lies in the hands of ZincOx Resources, a private, London-based company whose founding members …
Teck Cominco braces for recession (October 15, 2001)
Vancouver — Plunging base metal prices have prompted Teck Cominco (TEK-T) to reduce the carrying value of non-operating properties by $154 million and take other non-cash charges of $15 million.The m…