Kit eyes Izok Lake
New developments at Bathurst Inlet in the Northwest Territories have induced Kit Resources (KIT-T) to acquire the nearby Izok Lake polymetallic property from owner Inmet Mining (IMN-T).Kit, which owns…
News
STOCK MARKET — Resource stocks on TSE fall into the pit — Market weakness aggravated by tighter bank rate
The Toronto Stock Exchange lost more ground over the trading period Nov.19-25, as an increase in the Bank of Canada’s overnight loan rate snuffed out a modest rally. The TSE 300 composite index closed…
EXPLORATION ROUNDUP — Gitennes Exploration confirms high-grade mineralization at Virgen
Vancouver-based Gitennes Exploration (GIT-A) has confirmed high-grade gold-bearing mineralization at the newly discovered Alumbre zone on its Virgen gold property in north-central Peru.Hole 97-33 inte…
EXPLORATION ROUNDUP — Cyprus benefits from Zambian privatization
Ongoing drilling has enabled Cyprus Amax Minerals (CYM-N) to outline a preliminary resource for the Kansanshi copper deposit in Zambia.The project — the first to have been awarded to a Western mining…
METAL PRICES Daily Metal Prices
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateNov. 25Nov. 24Nov. 21Nov. 20N…
FACTS ‘N’ FIGURES — Antimony markets open up
Sources of antimony are diversifying in the late 1990s, according to a report from a London-based metals analyst.According to Roskill Information Services, new sources of antimony may result in greate…
EXPLORATION ROUNDUP — Placer extends depth of Samira deposit
Deep drilling by Placer Dome (PDG-T) on the Samira deposit in Niger has traced the main gold-bearing zone a further 50 metres to a vertical depth of 280 metres.From the five reported holes, the signif…
EXPLORATION ROUNDUP — Romios finds gold near Musselwhite
Sampling of a recently discovered gold showing on its Lundmark-Akow Lake property in north-central Ontario has given Romios Gold Resources (RGRI-C) sufficient incentive to plan a drill program.The pro…
PCS posts strong earnings for third quarter
Potash is a bright star for Potash Corp. of Saskatchewan (POT-T) as sales continue to surpass previous highs. The company posted record earnings of $71.4 million in the third quarter, on net sales of …
EXPLORATION ROUNDUP — Kinross augments reserves in Northern Ontario
Some exploration success was reported by Kinross Gold (K-T) at its various mine sites and mineral projects in North America and abroad.During the third quarter, at the Macassa mine in northern Ontario…
PEOPLE – ALTO
Michael White elected director of exploration.
Anglo forms top gold company
For decades, South Africa-based mining house Anglo American has been a huge, complex organization in which dozens of mines were held by dozens of publicly traded operating companies. This is no more.P…