Meadowbank’s economics get rosier
With estimated resources up about 50% over those reported in an April 2000 prefeasibility study, Cumberland Resources (CBD-T) is understandably bullish about its Meadowbank gold project, 70 km north o…
2002
Lihir Gold expands namesake mine
A review of the resource model by Australia’s Lihir Gold (LIHRY-Q) has upped reserves by 25% at the company’s namesake mine on Lihir Island, northeast of mainland Papua New Guinea.The island, a volcan…
Daily Metal Prices (February 04, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 29Jan. 28Jan. 25Jan. 24Jan. 23Aluminium1344/13…
Nevada Pacific explores South Carlin
Vancouver — Nevada Pacific Gold (NPG-V) and partner Placer Dome (PDG-T) have begun a first-phase, US$670,000 program aimed at exploring the South Carlin project in Nevada. The project is in the Carli…
Int’l Annax teams with Aussie miner Herald
Vancouver — International Annax Ventures (IAX-V) has inked a deal with its controlling shareholder, Australian-based Herald Resources, to become its wholly owned subsidiary.According to the deal, Her…
Mongolian copper-gold find returns hot intercept
The latest drill results from the Turquoise Ridge copper-gold porphyry discovery in southern Mongolia show that the Southwest Oyu zone has high grades and considerable size potential, prompting Ivanho…
Dealing with language
One of the topics that comes up from time to time in the Strategic Export Marketing Program, organized by the Canadian Association of Mining Equipment and Services for Export (CAMESE), is the use of f…
NovaGold doubles Donlin Creek resource
Vancouver — NovaGold Resource (NRI-T) has expanded the resource estimate for its Donlin Creek deposit in Alaska.The measured and indicated resource has increased 92% to 4.4 million contained ounces, …
Lonmin pitches tent in Sudbury camp
London-listed Lonmin has inked a deal with Wallbridge Mining (WM-T) to explore several of the company’s magmatic sulphide properties in the Sudbury basin of Ontario.The deal covers 19 projects and cal…
TSE reinvents itself as international bourse
In a surprise twist, the Toronto Stock Exchange took the spotlight over the Jan. 23-29 report period by announcing it was trimming its benchmark index by as many as 100 companies, based on share price…
Spot Prices Wed. January 30, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$280.95-$0.65Silver$ 4.30 $0.00Platinum$457.00-$…
Silver Standard execs cash in options
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:- Aurora Platinum (ARP-V) — Michael Winn, director, exercised 37,500 option…