News

There wasn’t much motion in U.S. equity markets over the report period July 28-Aug. 3 as the major indices posted only fractional gains. But the resource sector was way ahead of the broader market, with most mining equities higher.

Vancouver — Stronger gold and copper prices resulted in a more profitable second quarter for Placer Dome (PDG-T).

Vancouver — Diamond drilling at Cusac Gold‘s (CQC-V) Table Mountain property in north-central British Columbia has yielded high-grade results over wider intervals than those previously mined. Cusac has been eager to resume oper…

Aber Diamond — Peter Schneirla appointed VP; Ray Simpson appointed VP of corporate development; Charles Stanley appointed director of market research.

Orezone Resources (OZN-T) and Gold Fields (GFI-N) have updated the resource estimate for the Essakan main zone at the Essakan property in Burkina Faso. As a result, the gold resouce has increased by 45%.

Vancouver — The Royal Canadian Mounted Police is investigating two directors of Getty Copper (GTC-V), who are alleged to have participated in a fraudulent business transaction.

Breakwater Resources (BWR-T) has intersected significant base metal and silver mineralization at the Concordia deposit, 3 km northwest of its El Toqui mine in southern Chile.

Afcan Mining (AFK-T) continues to expand the resource at its Jinlonggou gold deposit in the west-central Chinese province of Qinghai.