News

Zaruma's vice-president, exploration, Richard Viljoen, looks at skarn and breccia mineralization at the San Antonio project in Sonora state with geologists James Poulter and Alfredo Bernasconi.

Old prospect, new ideas for Zaruma

The medieval friar St. Anthony is occasionally invoked for things lost; but another San Antonio, this one about 150 km southeast of Hermosillo, Mexico, might be better appreciated for things found.


Grand Central climbs on gold discovery (April 12, 2004)

Shares of Grand Central Silver Mines (GSLM-O) have doubled, tripled and quadrupled in recent months, following news that the company had found a “Carlin-type” gold deposit adjacent to the Bingham Canyon copper mine in Utah.


Tiomin acquires port land

Tiomin Resources (TIO-T) has acquired a 3-acre parcel of land on the southern side of Mombasa Harbour in order to advance its Kwale titanium-sands project in Kenya.


Radius trades shares for Guatemalan gold

Vancouver — Radius Exploraions (RDU-V) has acquired full ownership of the Tambor gold properties in central Guatemala from Gold Fields (GFI-N) in return for 1.3 million shares.


Peru on pace for more copper

Peru will produce 5% more copper in 2004 than in 2003, or roughly 881,000 tonnes, worth an estimated US$1.2 billion. The prediction comes from the country’s National Society of Energy, Mining and Petroleum, based in Lima.




Mindoro expands Archangel

Vancouver — Reconnaissance work at the Archangel project on Luzon Island in the Philippines has extended the gold-copper porphyry system in the South Lumbangan area.


Canadian Stock Exchange Indices (April 12, 2004)




Wheaton-Iamgold wedding steals show

The S&P-TSX Composite Index gathered 246.78 points to end the March 31-to-April 6 report period at 8,832.71. The gains were not a result of the golds, which fell 3.43 points to 226.44. The price of the yellow metal fell US$5.80…


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