Benchmark lowered again, golds end mixed
Sellers outpaced buyers over the Sept. 18-24 report period, pushing the S&P/TSX Composite Index down 235.91 points. The benchmark finished the week at 6,068.89.The golds swam against the broader marke…
2002
Estrella zone holds promise for National Gold
Vancouver — A scoping study suggests that, even at US$300 per oz. gold, National Gold (NGT-V) can profitably mine the Estrella zone at its Salamandra property in Mexico’s Sonora state.The study, comp…
Victoria Island diamond play gathers steam
The first batch of drill results from the Sand Piper kimberlite body is providing early encouragement for Diamonds North Resources (DDN-V) and its Victoria Island diamond play in the Canadian Arctic.W…
Starfield cuts high-grade PGE interval (September 30, 2002)
Vancouver — Starfield Resources (SRU-V) has encountered a high-grade platinum-palladium intercept while doing definition drilling on the West zone at its Ferguson Lake nickel-copper project in Nunavu…
How to be a market darling
The stock markets of the Western World are back where they were at the end of July, and we can officially declare this summer’s sucker rally over.The markets’ performance has pretty much proved the be…
The Northern Miner — North American Mining Index (September 30, 2002)
74.41 (-0.23)(Sept. 30/98 = 100)…
LionOre receives Golden Gecko
LionOre Mining International’s 80%-owned Australian-listed subsidiary, LionOre Australia (Nickel), has won Western Australia’s Golden Gecko environmental award.The award recognized LionOre Nickel’s wo…
Amarc misses mark at Inde
Vancouver — A 14-hole diamond drill program by Amarc Resources (AHR-V) has returned sporadic gold values below the historical oxide workings at the Inde property in Mexico’s Durango state.The Hunter …
Stock market crash pummels mining
Like lemmings, investors swarmed over the precipice, pulling global stock markets into a crash the likes of which have never been witnessed in financial history. Indeed, Black Monday, as the investmen…
Sweden’s Storliden makes the grade
Skelleftea, Sweden — Storliden, the first new mine in Sweden in more than a decade, has begun commercial production of copper and zinc on time and under budget.Situated 140 km northwest of the city o…
Greystar zooms in on Angostura
Reassured by the government’s hardened stance against armed rebels and having raised sufficient funds, Greystar Resources (GSL-T) is gearing up to renew drilling at its Angostura gold-silver property …
Correction (September 30, 2002)
In our Sept. 23-29 issue, the caption to the photo accompanying the feature on Freewest Resources Canada (FWR-T) should have read: Exploration geologist Wayne Stewart (background) examines a trench in…