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News July 12, 2004

Rio Narcea eyes Tasiast

With an increasingly hostile 4-way merger battle raging elsewhere, Rio Narcea Gold Mines (RNG-T) and Defiance Mining (DM-T) have tabled plans for a friendly share-swap deal valued at around $52.6 million.

Pelangio Mines President and CEO Ingrid Hibbard examines core at the Detour Lake camp in northeastern Ontario.

News July 12, 2004

Pelangio seeks to revive Detour Lake

Detour Lake, Ont. — Among junior resource companies, Pelangio Mines (PLG-V) is in the enviable position of having a substantial (521,965-oz.) measured and indicated gold resource on its property, site of the past-producing Deto…

News July 12, 2004

TSX adds mining companies, clout

Healthy metal prices lured 19 mining companies to list on the Toronto Stock Exchange in the first half of 2004, adding $2.3 billion (US$1.7 billion) to a bourse already rich in resource companies.

News July 12, 2004

Sub-Sahara explores Debarwa in Eritrea

Vancouver — Drilling by Australian-listed Sub-Sahara Resources on the Debarwa deposit in Eritrea has returned impressive gold and silver grades, in addition to copper in the Supergene zone.

News July 12, 2004

Canadian Stock Exchange Indices (July 12, 2004)

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News July 12, 2004

Golds lose steam during holiday week

The report period June 29-July 6 saw reduced activity caused by Canada Day and, south of the border, Independence Day. Gold closed down $9.75 to finish at US$394.50 per oz. in the afternoon of July 6 in London. The gold index was down by 0.04 poin…

News July 12, 2004

BLM raises claims fees

The U.S. Bureau of Land Management (BLM) is increasing mining claim fees, which by law must be adjusted for inflation based on the U.S. Consumer Price Index.

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