New kimberlite found on Rockinghorse
Drilling by Kennecott Canada Exploration on Tahera’s (TAH-T) Rockinghorse property in Nunavut has uncovered a new kimberlite body.The so-called Anuri kimberlite was discovered near the head of the pro…
News
King drilling advances in Far North
Vancouver — Diamondex Resources (DSP-V) is stepping up the pace of exploration at its wholly owned King property in the Northwest Territories.The junior is drilling holes 4 and 5 as part of a $2.7-mi…
Falling Metal Prices crush Falco’s earnings
Slumping nickel, copper and zinc prices more than halved Falconbridge’s (FL-T) earnings during the three months ended June 30.The company posted earnings of $55.8 million (or 30 per share) for the th…
Energy ministers form committee
Federal, provincial and territorial energy ministers have agreed to establish an Energy Markets Committee to ensure a co-operative approach to furthering North American energy opportunities.The minist…
Cominco resolves strike
Denver — Striking workers have returned to work at the Cajamarquilla zinc smelter in Peru after reaching an agreement with Cominco (CLT).The company, which controls an 82% stake in the plant, north o…
Northern Miner Indices (July 23, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
Francisco expands Guatemalan find (July 23, 2001)
Drill results from a reported 43 of 52 core holes completed on the Marlin gold discovery in northern Guatemala have so far defined a thick, near-surface, shallow dipping main zone of oxidized gold min…
METAL PRICES (July 23, 2001)
DateJuly 17July 16July 13July 12July 11BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)b>Aluminium1419/14461419/14461424/1450.501426/14…
Junior market weaker, but some bright spots
The Canadian Venture Exchange composite index slipped 38.3 points, or 1.2%, to finish the report period ended July 17 at 3,105.28 points. The mining index was off 81.93 points, or 1.1%, at 7,373.91.Wi…
Placer Dome shuffles off Las Cristinas to Vannessa
While gold prices sat in a listless, US$265-per-oz. funk during the July 11-17 report period, there was a flurry of news from Canada’s biggest gold miners.Placer Dome announced an eleventh-hour deal t…
The Northern Miner — North American Mining Index (July 23, 2001)
69.94 (+1.72)(Sept. 30/98 = 100)…
Mampon looking good for Ashanti, Birim
Drilling by Ashanti Goldfields (ASL-N) at the Mampon gold deposit in Ghana continues to yield long, gold-rich intersections.The deposit lies in a 40-sq.-km portion of the Dunkwa property, spun off to …