Cancor finds new zone
The discovery of a new copper-zinc-silver-gold zone has Cancor Mines (KCR-M) optimistic that ongoing work will enhance the potential of its Gemini property in the Abitibi region of Quebec.The discover…
News
Cross Lake active near Timmins
Vancouver-based Cross Lake Minerals (CRN-V) is carrying out soil sampling at its Sheraton zinc-silver property, in Timmins, Ont.The program follows the recent discovery of several geophysical anomalie…
Sulliden drilling at Mario project
Drilling by Sulliden Exploration (SUE-T) has confirmed a previous massive sulphide discovery at the Mario project in the Peruvian department of Junin, some 50 km southeast of Huancayo.The first hole i…
Iriana explores near Jakarta
An Indonesian tin company has launched an exploration program to test two properties held by Iriana Resources (IR-T) on Flores Island, east of Jakarta.The Wae Dara and Nggorang properties, about 15 km…
CDNX continues fourth-quarter slump
Canada’s junior exchange posted losses on all fronts during the report period ended Nov. 14. The Canadian Venture Exchange composite index tumbled 94.54 points, or 2.8%, to finish the week at 3,180.64…
The Silver slump
There has been much speculation as to why silver prices are touching 20-month lows. London-based Gold Fields Mineral Services (GFMS) has produced an interim review of the silver market, and its resear…
PEOPLE (November 20, 2000)
Birim Goldfields — Matthew Chinn appointed COO.Celtic Minerals — Barry Greene appointed vp exploration.Champion Bear — Anthony Pryslak appointed vp exploration.Corner Bay…
Gold Funds (November 20, 2000)
Gold Funds as of Nov. 9, 2000Dynamic MutualCentral FundNet Value$11.52$5.44Price$6.40$4.590…
Asarco prolongs mine life
Denver — At the Mission copper mine in southern Arizona, Asarco plans to reduce production and increase its stripping of waste material.Daily output is expected to fall 33% to 41,000 tonnes, while wa…
TSE needs better system
We recently observed, with some dismay, the fiasco on the Toronto Stock Exchange (TSE) involving the trading of Nortel Networks. Increasingly, there are concerns that this fiasco will reflect poorly o…
NMA names new leader
Denver — John (Jack) Gerard will replace Richard Lawson as president and chief executive officer of the Washington, D.C.-based National Mining Association.Gerard is chairman and CEO of the firm McClu…
LME Warehouse Levels (November 20, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 14/00 (change from Nov. 7 in brackets):MetalStock (tonnes)ChangeAluminium326075(…