2001


Cumberland gets $1.3m

Cumberland Resources (cbd-t) has closed a private placement for 1.2 million units that will bring in about $1.3 million for work at the Meadowbank gold project in Nunavut.A million of the units are be…


Discoveries by McWatters, Noranda highlight 2000

The dreary state of metal markets failed to deter several domestic explorers from advancing their projects in 2000. Leading the pack was McWatters Mining, which began the year with a fourfold increase…


Int’l Annax cuts massive sulphides at Dairi

Vancouver — Drilling at the Dairi massive sulphide project in Indonesia has yielded more encouraging grades for International Annax Ventures (iax-v).Hole 44D, collared 3 km northwest of the Anjing Hi…



LME Warehouse Levels (January 01, 2001)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 22/00 (change from Dec. 19 in brackets):Aluminium307250(+8325)Aluminium Alloy88200(-840)Copper348150(+9950)Lead…


Gold Funds (January 01, 2001)

Gold Funds as of Dec. 21 2000Dundee Precious MetalsCentral FundNet Value$11.44$5.36Price$6.20$4.670Discount45.8012.90Value$81,298,000$90,658,056…


Anglo starts airborne EM at Aripuana

Partners Anglo American (AAUK-Q) and Karmin Exploration (YKA-V) have started an airborne electromagnetic survey over their Aripuana massive sulphide property in Brazil’s Mato Grosso del Norte state.Th…


Drill program expanded at Foy

Vancouver — Armed with new geophysical data, Aurora Platinum (ARP-V) has increased the drill metres for its current program on the Foy nickel-copper-platinum-palladium property, near Sudbury, Ont.An …


Low commodity prices, high costs cast pall over 2000

Vancouver — The brutal combination of high costs and weak commodity prices translated into more mine closures than openings in the past year. Several companies were forced to suspend mining and devel…




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