News

Guyana Goldfields (GUY-T) is coming up with impressive assays as the drills turn on its Aurora property, 175 km west of Georgetown, Guyana. The program began a few months ago and has tested several zones.

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…

The gold index of the Toronto Stock Exchange shed 2.48 points to end the June 2-8 report period at 198.26 points. The loss mirrored a drop of US$2.50 per oz. in the gold price, resulting in an afternoon fix of US$392.35 per oz. in London on June 8…

Vancouver — South Atlantic Ventures (SAA-V) has completed its US$101-million purchase of the Zinkgruvan lead-zinc-silver mine in Sweden from Rio Tinto (rtp-n).

Vancouver — Vancouver-based Great Quest Metals (GQ-V) is turning up lots of gold from deep pits at the Kenieba concession in Mali.

Goldcrest Resources (GCL-V) has hit high-grade gold on its Youanmi project, 480 km north northeast of Perth in Western Australia.

U.S. equity markets enjoyed strong gains during the report period June 2-8, with the golds generally lower and base metal stocks generally higher.

First Quantum Minerals (FM-T) has entered a deal to acquire an 80% interest in a copper-gold project in western Mauritania.

Cancor Mines (KCR-T) and Cambior (CBJ-T) have intersected massive sulphide lenses with significant gold and silver assays on their Gemini-Turgeon project, 80 km north of La Sarre in Quebec’s Abitibi region.

Roughly 220 workers at the Tara zinc mine, 60 km north of Dublin, returned to work after an agreement was reached to settle, via mediation, a 9-month dispute.

Vancouver — Initial assays from Kaieteur Resource‘s (KTR-V) Altan Uul (Gold Mountain) project, in the south Gobi region of Mongolia, failed to show pervasive gold mineralization.