MZ Lake yields diamonds
Vancouver — Three of the four near-surface, sub-parallel kimberlite sills cut by De Beers Canada Exploration in the MZ Lake area have returned varying amounts of microdiamonds.The major hit the sills…
2001
Queenstake finances Magistral
Two separate agreements have provided Queenstake Mining (QRL-V) with the financing and equipment needed to place its wholly owned Magistral gold project into production.The proposed heap-leach project…
METAL PRICES (September 24, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)b>DateSept. 18Sept. 17Sept. 14Sept. 13Sept. 12…
Mustang, Falco join forces
Vancouver — Mustang Minerals (YMU-V) has joined forces with Falconbridge (FL-T) to explore for diamonds in the Marten River area, near North Bay, Ont.Mustang has obtained a half-stake in the Marten R…
Transmitting nickel’s benefits
Superconductors wrapped in nickel alloy could some day cut electrical line losses in half, making transmission more efficient.Scientists at the U.S. Department of Energy’s Los Alamos National Laborato…
Canadian Stock Exchange Indices (September 24, 2001)
DateSept. 18Sept. 17Sept. 14Sept. 13Sept. 12HighLowTSE 3006844.506907.966890.857102.26C…
Goldcorp ups Red Lake
A better understanding of mineralization has led to a 25% increase in reserves at the Red Lake gold mine in northwestern Ontario.Goldcorp (G-T), which began commercial production at the year’s start, …
Gold and terrorism
In the wake of the terrorist attack on the U.S. on Sept. 11, at least some investors have looked to gold, the traditional haven in times of crisis.Gold prices responded swiftly, and the London morning…
Lonmin joins Muskox in hunt for PGMs
Muskox Minerals (MSK-V) plans to form a joint venture with British-based platinum producer Lonmin to explore and possibly develop the junior’s platinum-palladium-copper-nickel project in Nunavut.Under…
Falco releases soil study results
Results from a soil study in Nickel Centre, northeast of Sudbury, Ont., indicate that soil contamination levels pose no immediate threat to area residents.The study is part of a broad, ongoing soil-te…
Peruvian engineers convene
Peruvian mining engineers will convene in San Diego, Calif., from Sept. 23 to 26. The theme will be mining’s contribution to social development.The conference provides a forum for debating issues rela…
Comsur eyes Don Mario (September 24, 2001)
Vancouver — The long and winding road to development of the Don Mario gold-silver-copper project may be on its final stretch, following the signing of a definitive agreement between Bolivia’s largest…