Nearco formed to explore Thunder Bay
An agreement between Abitibi-Consolidated and Normiska (NCO-V), paves the way for the latter, a horticultural company, to acquire 1,942 sq. km. in the Thunder Bay region of Ontario.Subject to final do…
News
Tiberon bullish on Vietnamese property
Vancouver — Investors are showing increasing interest in Calgary-based Tiberon Minerals (TBR-V), which is stepping up exploration of its Nui Phao property in northeastern Vietnam. The property has be…
San Martin success adds to allure of Glamis Gold
The newly constructed San Martin mine, which will likely become the flagship operation of Glamis Gold (GLG-T), made its first shipment of gold from Honduras in mid-December 2000.The 4,000-oz. shipment…
Metal Prices (January 15, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 9Jan. 8Jan. 5Jan. 4Jan. 3Aluminium1581/1566.50…
Spot Prices Wed. January 10, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$266.70-$2.30Silver$ 4.53 $0.00Platinum$637.00+$23.00…
Ashton closes placement
Ashton Mining of Canada (ACA-T) has topped up its treasury with the sale of just under 1.3 million units priced at 75 each. Proceeds are estimated at $940,000.Each unit consists of one flow-through s…
First Point ups stake at Cacamuya
Vancouver — Breakwater Resources (BWR-T) has decided not to participate in the next exploration program on the Cacamuya low-sulphidation gold property in southern Honduras. As a result, First Point M…
Rapu Rapu passes muster
Southeast Asia may not be attracting as much exploration interest as it once did, but that hasn’t deterred Australian-listed Lafayette Mining from advancing its Rapu Rapu polymetallic project in the P…
Copper, nickel end year with a whimper
Metals markets suffered a difficult start to 2001. Copper prices shed US$80 per tonne on their first trading day (Jan. 2), eventually bottoming out at a 6-month low, and nickel suffered its largest 1-…
KEGS offers course on diamond geophysics
The Canadian Exploration Geophysical Society (KEGS) will be offering a one-day short course entitled “Geophysical and Geochemical Imaging of Canada’s Upper Mantle” on March 10 in Toronto, the Saturday…
Virginia keeps the faith at James Bay
Prospecting and mapping by Virginia Gold Mines (VIA-T) have outlined several new gold-bearing and polymetallic structures on the junior’s extensive land package in the James Bay region of northern Que…
Pele discovers more stones
Junior Pele Mountain Resources (YPN-V) has uncovered a third diamond showing at its Festival property, near Wawa, Ont.Nine stones, seven of which represent fragments of clear-white diamonds and the ot…