News

Typhoon Exploration (TOO-V) has intersected significant gold while drilling its Fayolle property, 35 km northeast of Rouyn-Noranda, Que.

Vancouver — Development drilling by American Bonanza Gold Mining (BZA-V) at the Copperstone project in Arizona’s La Paz Cty. has returned high gold values.

Vancouver — Ledcor CMI, a British Columbia-based contractor, has agreed to resuscitate the Gibraltar open-pit copper mine and take over operatorship from Taseko Mines (TKO-V). The mine is near Williams Lake i…

Sudbury Contact Mines (SUD-T) has processed a mini-bulk sample from one of the kimberlites, 95-2, on its Timiskaming diamond project in Ontario.

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.