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DIAMOND PAGE — New player in N.W.T. diamond hunt

WMC International, a subsidiary of Australian mining giant Western Mining Corp. Holdings, has become a player in the search for diamonds in the Northwest Territories. WMC recently signed a deal with L…


London Metal Exchange — Metal prices

Spot closing prices in $US per tonne Date Oct 18 Oct 17 Oct 14 Oct 13 Oct 12 Copper 2485.5-2486.5 2481-2482 2483-2485 2490-2491 2511-2513 Lead 643.5-644.5 640-641 641.5-642.5 634-635 634.5-635.5 Zinc …


STOCK MARKETS — Debt-related fears unsettle TSE

Tough deficit talk by Finance Minister Paul Martin failed to inspire investors, the result being that the Toronto Stock Exchange remained flat over the 5-day report period ended Oct. 18. The composite…


Inco outlines new deposit

Nickel giant Inco (TSE) has discovered a high-grade deposit near Thompson, Man. Known as Pipe Deep, the deposit is 20 miles south of Inco’s Thompson processing facilities and 1 mile from the Pipe 2 mi…


EDITORIAL PAGEA — One step forward, two back

Several years ago, Venezuela took steps to revitalize its near-dormant mining sector by adopting a more favorable tax structure and promising to reform its mining laws. Optimism was high that the coun…


NEWS ROUNDUP — Garde, Diabior find gold zone

Chip samples from a 30 sq.-mile property in the James Bay Lowlands of Quebec have led to the discovery of a gold-bearing zone. The discovery was made as Montreal-listed partners Garde Societe d’Explor…


MINING IN MEXICO — Asarco completes Grupo deal

Base metal producer Asarco (NYSE) recently completed its transaction with Grupo Industrial Minera Mexico (Gimmex), combining Mexico Desarrollo Industrial Minero (Medimsa) into a new public company kno…




CMR options Lynx Lake play

Alberta-listed Canadian Mining Resources (ASE) can earn up to a half interest in the Lynx Lake gold property, northeast of La Ronge, Sask. Exploration on the 1,944-hectare property has identified seve…


Black Pine work continuing

Vancouver-based junior Formation Capital (VSE) expects to proceed with a prefeasibility study of its Black Pine project in Lemhi Cty., Idaho. Reverse circulation drilling is currently evaluating coppe…


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