Trading Summary (September 24, 2001)
The U.S. markets finally bounced on Monday and finished in positive territory after an abysmal week last week. The…
News
Antamina alters revenue forecast
Vancouver — Some two months after shipping its first load of concentrate, the massive Antamina copper-zinc mine in north-central Peru has cut its sales forecast for next year in response to falling m…
Novagold tags the high grade at Donlin (September 24, 2001)
Vancouver — The first five holes in an ongoing drill program by Novagold Resources (NRI-T) have confirmed the high-grade nature of the Acma target on the 13-million-oz. Donlin Creek gold deposit in s…
Diamondex tests Carat kimberlite
Kimberlite samples from drilling by Diamondex Resources (DSP-V) on the Carat property in the Northwest Territories have been submitted to Lakefield Research for microdiamond analysis.The samples were …
Noranda takes down placement in Metallica
Denver — As part of a revised joint-venture agreement for the El Morro copper project in northern Chile, Noranda (NRD-T) will buy US$1 million worth of shares in Metallica Resources (MR-T).Noranda wi…
Aurora Platinum, Platinova print new shares
Recent insider-trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:- Agnico-Eagle Mines (AGE-T) — FMR Corp., which must report its trading act…
Mining sculpture erected in Sudbury
The Sudbury Mining Heritage Sculpture, celebrating the city’s mining history, has been erected in Bell Park.The sculpture was unveiled in mid-September after several years in the planning stage.The pr…
Falco, De Beers study Gope
Having bought some time by securing a 3-year retention licence for the Gope diamond project in the central Kalahari district of Botswana, equal joint-venture partners Falconbridge (FL-T) and De Beers …
Canada’s diamond industry reaches 10-year milestone
Diamonds were a respectable exploration target in Canada in the 1960s and 1970s when De Beers and several major companies launched highly secretive programs aimed at finding kimberlites similar to tho…
BHP disappointed at DHK, WI claims in NWT
Diamond explorer Archon Minerals (ACS-V) has come up empty after drilling 14 geophysical targets on the DHK and WI claim blocks in the Lac de Gras area of the Northwest Territories.A year ago, BHP Dia…
Wawa diamond hunt slow but steady
Fed by initial prospecting successes, the Wawa diamond hunt may have stirred some enthusiasm in its early days, but it now appears to be settling down to slower and more systematic exploration.The are…
Hunters busy at Fort la Corne
Vancouver — Three large-diameter (24-inch) reverse circulation drill holes have been completed to date on the kimberlite body dubbed 141 at the Fort la Corne joint-venture diamond project in northe…