US indicators depress prices
Although some metals prices have started to show signs of nervous volatility as prices test new lows, the risks to the downside remain in place.Economic expectations for the performance of the U.S. ec…
News
Falco, Impala join MacDonald at Casson (October 01, 2001)
MacDonald Mines Exploration (MMP-V) has reached an agreement-in-principal with Falconbridge (FL-T) and Impala Platinum to create a joint venture for the purpose of exploring the Casson Lake pla…
Annax advances Dairi zinc-lead project
Vancouver — Having drilled 58 holes at the Dairi project in North Sumatra, Indonesia, International Annax Ventures (IAX-V) is proceding with a scoping study of the Anjing Hitam deposit.The current dr…
‘Silvery Slocan’ rides again
The “Silvery Slocan” mines, among the most famous in British Columbia’s history, have emerged from the obscurity of the past, and ghost mining towns are warming with life again.Caught in the rush of t…
Gold Fields to buy WMC’s gold mines
Consolidation in the gold sector continues apace, with South Africa’s Gold Fields (GOLD-Q) striking a deal to buy WMC’s (WMC-N) St. Ives and Agnew mines in Western Australia.Gold Fields will pay US$18…
Namco secures more funds
An arms-length loan provides Namibian Minerals (NMR-T) with US$6 million to continue marine diamond production off the coast of the southwest African nation.The loan, provided by a subsidiary of the c…
Ashton hits apparent kimberlite at Otish
Ashton Mining of Canada (ACA-T) has intersected what appears to be kimberlite in the first hole of a drilling program in the Otish Mountains region of north-central Quebec.A vertical hole drilled into…
Market selloff looks ephemeral
The pancake collapse of the towers of the World Trade Center was mimicked by the stock markets of the industrialized world.The panic that gripped the world’s bourses in the week following the terroris…
News – 01-OCT-01
PEOPLE (October 01, 2001)
Atna Res. — James Hesketh appointed director.Iriana Res. — Michael Thirnbeck appointed general manager.Mazarin — Francois Goyette appointed general manager.Nord Pacific…
Noranda tables La Fortuna resource
Having inferred a sizable resource, Noranda (NRD-T) has decided to drill an additional 12,000 metres at the El Morro copper-gold project in north-central Chile.Resources in the La Fortuna zone are peg…
Exchange Rates (October 01, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)b>DateSept. 25Sept. 24Sept. 21Sept. 20Sept. 19US$ in C$…