Muskox dips on results
The much-anticipated drill results from the Keel 1 West geophysical anomaly turned out to be a fizzle of low grades. The anomaly is the smaller of two outlined in the Muskox layered intrusion, about 5…
2001
Kennecott, Montello eye targets in Manitoba
Based on results from regional till sampling and follow-up airborne magnetic geophysics on the Poplar diamond project in Manitoba, Kennecott Canada Exploration and its partner, Montello Resources (MEO…
Torngat yields larger gems
The AD2 site at Twin Mining’s (TWG-T) Torngat diamond property, on the Ungava Peninsula of northern Quebec, has yielded its largest diamond yet.AD2 is one of two sites from which 8-tonne samples of th…
Low prices hit Placer Dome
The harsh realities of operating gold mines in a stagnant low-price environment have forced Placer Dome (PDG-T) to write down the value of certain assets and reduce reserves and resources at various e…
Sirios finances exploration
Junior Sirios Resources (SOI-M) has completed the first portion of a public financing, raising $569,000 by placing 554 A units and 15 B units.As a result, more than 2.8 million shares will be issued a…
The Northern Miner — Small Producers Index (January 29, 2001)
49.74 (+2.97)(Sept. 30/98 = 100)…
Inco reaps PGM windfall, makes discoveries
Sky-high palladium and platinum prices are swelling what had been a little-mentioned byproduct credit into a major source of cash flow for Inco (N-T).For 2000, the nickel giant’s revenue from platinum…
Ambrosia yields low-grade gold
A 1,500-metre drill program by Sunshine Mining & Refining (SSC-N) has cut low-grade gold mineralization at the Aguas Calientes property in northwestern Argentina.The 13-hole program, which focused on …
News – 29-JAN-01 (January 29, 2001)
Conversion of Weights and Measures1 troy ounce = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (s…
Global giants get boost from platinum, diamonds
Until about five years ago, London’s mining giants could only watch in envy as investors paid hefty premiums for shares of much smaller companies listed on North American exchanges. London’s mining se…
McVicar, BHP stake ground north of Superior
Partners McVicar Minerals (MVR-V) and BHP (BHP-N) have staked a second platinum group metals (PGM) property on the north shore of Lake Superior.The 174-claim property is named Foxtrap, after the Foxtr…
Summo eyes Australian copper producer
Denver — Denver-based Summo Minerals (SMA-T) is in negotiations to acquire an equity interest in Australia-based Matrix Metals.Matrix operates the Mt. Cuthbert copper mine in northwestern Queensland….