Targets defined at Mackay Lake
Ground geophysical surveys are being conducted over two prominent circular anomalies on the Mackay Lake property, south of the Lac de Gras area in the Northwest Territories.A 75% interest in the prope…
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Northern Miner Indices (June 04, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
PEOPLE (June 04, 2001)
Hecla — Phillips Baker appointed VP and CFO.Kensington — William Zimmerman appointed director.Lionore — Donald Bailey appointed chairman, Gilbert Playford appointed vice-chairman and C…
Survey could lead to exploration
The results of a gravity geophysical survey conducted earlier this year in the Timmins district of northern Ontario could lead to new exploration.The survey was a joint venture of the Ontario Geologic…
Hawkeye outlines targets
Seven drill targets have been defined at the Yankee diamond exploration property in Nunavut following the completion, last year, of helicopter-borne magnetic surveys. The 364-sq.-km property is on Vic…
Spot Prices Wed. May 30, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$273.65-$10.20Silver$ 4.51-$0.01Platinum$618.00+…
High River Gold Mines adds to Buryatzoloto stake
Junior gold producer High River Gold Mines (HRG-T) has inked a deal with Japanese gold finance company Jipangu under which the former will increase its holding in Russian gold producer Buryatzoloto to…
Billiton eyes Kazan project
Tri Origin Exploration (TOE-V) will issue 800,000 units, at 25 apiece, to London-based Billiton to finance preliminary exploration at the Kazan copper-gold project, near Baker Lake in Nunavut.Units c…
Southern Rio tops up treasury
Vancouver-based Southern Rio Resources (SNZ-V), which is in the midst of drilling at its Santo Tomas copper-molybdenum porphyry prospect in northern Chile, has closed a private placement of 2.7 millio…
Etruscan Resources picks up new African properties
West African explorer Etruscan Resources (EET-T) is expanding its presence in that region by acquiring properties in Mali and Ivory Coast.The Malian acquisition is the Djelimangara exploration permit …
Falconbridge buys Montcalm outright
AvestaPolarit, of Finland. – A revised deal between Falconbrige (FL-T) and Finnish miner Outokumpu gives the former a 100% interest in the Montcalm nickel-copper deposit, near Timmins, Ont.In 2000, Fa…
Metal Prices (June 04, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 29May 28May 25May 24May 23Aluminium1498/1516.50…