News

News September 6, 2004

Cons. Minerals posts record profit

Consolidated Minerals earned a record A$25.1 million in 2003, so it was only fitting the company was honoured at the recent Diggers & Dealers conference in Kalgoorlie, Western Australia.

News September 6, 2004

Obituary: Bernard Brynelson

Bernard Brynelson, former manager of Noranda Mines for Western Canada and a member of the Canadian Mining Hall of Fame, died recently. He was 92.

News September 6, 2004

Gabriel soars on Newmont subscription (September 06, 2004)

Shares in Gabriel Resources (GBU-T) increased by as much as 54%, to $2, on Aug. 30, after the company announced a $24.8-million private-placement deal with Newmont Mining (NEM-N).

A drill rig explores Newcrest Mining's Cadia East gold project in southeastern Australia. The underground resource now stands at 7 million oz. gold-equivalent.

News September 6, 2004

Newcrest is on a roll at Telfer, Cadia East

Newcrest Mining (NCMGF-O) has increased gold and copper resources at its Cadia East project in New South Wales, and is on track to begin production in mid-2005 at its Telfer project in Western Australia. The Kencana gold project…

A local geologist holds massive quartz-copper mineralization from the Baroi project in Indonesia.

News September 6, 2004

Kalimantan Gold pins hopes on the east

There’s persistence, then there’s Kalimantan Gold (KLG-V), one of the few companies to have stuck with exploration on the Indonesian island of Kalimantan after the gold rush of the mid-1990s ended in tears. Believing in the big…

News September 6, 2004

Gold found beyond Sorowar pit in Papua New Guinea

Vancouver — Reverse-circulation drilling by Simberi Gold (SAU-V) has intersected high gold grades from the surface of the Sorowar deposit in Papau New Guinea.

News September 6, 2004

Oceana expands assets

Kalgoorlie, Western Australia — It has been a big 12 months for OceanaGold.

News September 6, 2004

Burnstone’s Area 1 under study

Vancouver — Great Basin Gold (GBG-T) has started a prefeasibility study of Area 1 of its Burnstone property in South Africa.

News September 6, 2004

More gold, copper at Varvarinskoye

European Minerals (EPM.U-T) has completed infill drilling on the periphery of proposed open pits at its Varvarinskoye project, 130 km southwest of Kustanai in northern Kazakhstan.

News September 6, 2004

Metallica licences renewed (September 06, 2004)

Minera San Xavier, a unit of Metallica Resources (MR-T), has had its contruction and operating licences renewed for the Cerro San Pedro project in Mexico’s San Luis Potosi state.

News September 6, 2004