Partners plan drilling
A budget of $4.8 million has been approved by the Fort la Corne joint-venture partners for further drilling and evaluation of three kimberlite bodies at the Saskatchewan project.Partners De Beers Ca…
2001
Resource indices breach 7000 mark
Vancouver — The resource indices fueled the continued bull run on Canada’s junior exchange over the holiday-shortened week ended May 22. The Canadian Venture Exchange composite index soared 100.28 po…
First Quantum eyes Kansanshi deposit
Vancouver — In keeping with its philosophy of growth through acquisition, First Quantum Minerals (FM-T) has signed a letter of intent with Phelps Dodge (PD-N) to earn an 80% stake in the Kansanshi co…
Exchange Rates (May 28, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 22May 21May 18May 17May 16US$ in C$1.5407Holiday1.53301.5358…
Market catches gold fever
Denver — The Dow Jones industrial average surged again after a brief respite, climbing 384.27 points, or 3.5%, to 11,257.24, its highest point in 15 months. The Nasdaq hit 2313.85.Spot gold on the Ne…
Canadian Stock Exchange Indices (May 28, 2001)
DateMay 22May 21May 18May 17May 16HighLowTSE 3008395.31Holiday8270.5582…
Poor maintenance at Beatrix
An investigation into the recent explosion that killed 12 workers at Gold Fields’ Beatrix mine in South Africa has revealed that the operation had inadequate maintenance standards.The report, performe…
Gold Funds (May 28, 2001)
Gold Funds as of May 17, 2001Dundee Precious MetalsCentral FundNet Value$14.14$5.31Price$9.90$5.17…
De Beers to drill Ken Hicks target in NWT
De Beers Canada Exploration continues to search for the elusive source of the Ken Hicks kimberlite indicator mineral train on the LA 1-2 claims of the Doyle Lake joint venture project in the Northwest…
Soquem, Eastmain drill deep at Clearwater
Exploration drilling by Quebec-government-owned Soquem at Eastmain Resources’ (ER-T) Clearwater (or Eau Claire) property in Quebec’s James Bay region has extended several known gold veins at depth.The…
TSE Shorts (May 28, 2001)
Short positions outstanding at May 15, 2001Larger individual positions include:Aber Diamond Corp. 166,214 up 130,107; Alcan Inc. 1,492,230 up 385,323; Anderson Exploration Ltd. 4,697,815…
MOST ACTIVE ISSUES, MAY 16-22
ExchgVol(000s)HighLowCloseChangeKinross GoldT 302251.550.981.39+0.44…