Gold Funds (October 09, 2000)
Gold Funds as of September 28, 2000Dynamic MutualCentral FundNet Value$12.66$5.53Price…
News
De Beers recovers diamonds from Nunavut pipe
The newly discovered Knife kimberlite pipe, at Rhonda Mining’s (RDM-V) Epworth property, 75 km south of Coronation Gulf in Nunavut, has been confirmed as diamondiferous.A 75-kg sample, representing a …
Dayton and Glamis close high-cost gold operations
The low gold price has claimed two more victims: Dayton Mining (DAY-T) is shutting down the Andacollo mine in central Chile, while Reno-based Glamis Gold (GLG-N) follows suit at its Dee mine in northe…
NAN drills Koillismaa
North Atlantic Natural Resources, a Swedish public company held 39% by each of South Atlantic Resources (SCQ-V) and Boliden (BOL-T), has begun exploring for platinum and palladium on the Koillismaa pr…
Twin Mining ships samples
Following up on positive results from two 10-tonne samples from the Torngat property in Nunavut, Twin Mining (TWG-T) has shipped more than 400 tonnes of kimberlite to Lakefield Research in Ontario for…
Exploration companies target Detour Lake region
Prospectors Alliance (YRP-V) will explore the Detour Lake area in eastern Ontario for volcanogenic massive sulphide deposits and/or copper-zinc deposits.The Toronto-based company is in the process of …
Ashton finds kimberlite sill on Ric property
An exploration program on the Ric property in far northern Nunavut has culminated in the discovery of a sill-like kimberlite body at the head of a diamondiferous indicator mineral train.Ashton Mining …
Eldorado boosts resource
Eldorado Gold (ELD-T) has increased the resource at its Kisladag project in western Turkey to 6.7 million oz., following a 7,600-metre program of reverse-circulation drilling.The new estimate was prep…
Vaaldiam explores ground
Vaaldiam Resources (VRL-V) has begun exploring Mooikloof, one of three South African diamond properties it optioned from SouthernEra Resources (SUF-T).The Toronto-based junior can earn up to a 70% int…
Aur lines up money for QB
An equity deal underwritten by CIBC World Markets and Research Capital is to provide the remainder of the financing Aur Resources (AUR-T) will need to buy a 76.5% interest in the Quebrada Blanca coppe…
Correction (October 09, 2000)
The Howard’s Pass base metal deposit, on the Yukon-Northwest Territories border, hosts 110.5 million tonnes averaging 5.3% zinc and 2.4% lead. Incorrect information appeared in our Sept. 11-17 issue. …
LME Warehouse Levels (October 09, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 3/00 (change from Sept. 26 in brackets):MetalStock(tonnes)Change…