Metal Prices (June 25, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)June 19June 18June 15June 14June 13Aluminium1467/1493.50…
News
Agnico-Eagle raises LaRonde funds
Toronto-based Agnico-Eagle Mines (AGE-T) has completed a $108-million equity financing.Proceeds are primarily earmarked for the LaRonde gold-copper mine, near Val d’Or, Que., where daily production is…
Drilling sizes up Knife
Drilling has cut wide zones of kimberlite at the newly discovered Knife pipe, 80 km south of Coronation Bay in Nunavut.De Beers Canada Exploration, which can earn a 70% interest in the project from Rh…
Spider, KWG size up Kyle 3
Results from a 9-hole drilling program will be used by Spider Resources (SPQ-V) and partner KWG Resources to prepare a resource estimate for the Kyle 3 intrusive body in the James Bay Lowlands area of…
Nevsun drilling infills Tabakoto
Infill drilling is proving up the open-pit mining potential of the Tabakoto gold deposit in Mali.Since April, Nevsun Resources (NSU-T) has sunk more than 70 reverse-circulation and 14 core infill hole…
Gold helps grow easy-care grass
Hate to mow your lawn? Gold might help you.Robert Harriman, vice-president of Scotts Co. in Marysville, Ohio, says researchers are developing a genetically engineered grass that would be slow-growing,…
Radius delays drilling
Junior Radius Explorations (RDU-V) has delayed the start of drilling at its wholly owned Tambor gold project in central Guatemala.The company is awaiting the close of a $2-million investment by Gold F…
Rough sales hurt by slowdown
In the first half of 2001, sales of rough gem diamonds by the Diamond Trading Co. (DTC), the marketing arm of De Beers, were hampered by a slowdown in the global economy, particularly in the U.S., whi…
Magino gets resource boost
Vancouver — An updated resource estimate on Golden Goose Resources’ (GGR-V) Magino project, near Wawa, Ont., may put some life back into the past-producer.Timmins-based Reddick Consulting tabled a to…
Highland Valley a winner in BC safety competition
Highland Valley Copper has won the surface championship in British Columbia’s mine rescue and first-aid competition, held recently in Campbell River.The company also took home the Maurice Boise trophy…
Bumble Bee generates little buzz
Partners Altius Minerals (ALS-V) and Inmet Mining (IMN-T) have completed a first phase of drilling at the Robert’s Arm project in Newfoundland.Three holes were drilled to test the Bumble Bee Bight pro…
Semafo finds more gold
Trenching and drilling by Montreal-based Semafo (SMF-T) have led to the discovery of a third gold zone at the Mana property, in Burkina Faso.Dubbed Maoula, the prospect outcrops on rolling hills 3 km …