CVG approves Las Cristinas feasibility
Toronto-based Crystallex International (KRY-T) has moved a step closer to development of Las Cristinas, a large, low-grade gold project in Venezuela’s Bolivar state.The company’s local partner, Corpor…
News
Rio Narcea to explore Salave
In a deal potentially valued at more than US$30 million, Rio Narcea Gold Mines (RNG-T) has acquired rights to develop the Salave deposit from mining promoter J. Patrick Sheridan.The gold project is in…
Placer hits new zone at East Bay in Red Lake
Drilling by Placer Dome (PDG-T) has intersected a new zone and expanded known zones of gold mineralization at the East Bay property in Ontario’s Red Lake camp.Ownership of the project is shared equall…
Solomon eyes Metla property
Subject to due diligence and regulatory approvals, Solomon Resources (SRB-V) has agreed to option the Metla polymetallic project, 150 km west of Dease Lake in northwestern British Columbia.The acquisi…
Canyon posts loss for 2003
Colorado-based Canyon Resources (CAU-A) posted a net loss of US$10 million on revenue of US$13 million for 2003, based on sales of 37,506 oz. gold and 13,943 oz. silver from the Briggs mine in Califor…
Seabridge aims to expand Courageous Lake project
Summer drilling by Seabridge Gold (SEA-V) will test four main targets identified last year at the Courageous Lake project in the Northwest Territories.The company’s wholly owned project covers 53 km o…
Amera aims drills at Mogote deposit
A first phase of drilling is under way at the Mogote copper-gold project in Argentina’s San Juan province. Amera Resources (AMS-V), which holds rights to earn a 51% interest in Mogote from IMA Explora…
Daily Metal Prices (March 15, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 9March 8March 5March 4March 3Al Alloy1550/158…
Exchange Rates (March 15, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 9March 8March 5March 4March 3US$ in C$1.31901.32291.31861.3…
Gold recovers as uranium miners heat up
The Toronto Stock Exchange’s gold index rode a climbing gold price 8.34 points higher to finish at 218.13 points during the March 3-9 report period. The yellow metal regained lost ground, and then som…
Drill results excite junior market
It was a good five trading days for the venture capital market, as the S&P TSX Venture composite index finished the reporting period March 3-9 with a 25.81-point gain, closing at 1,924.90.Intrepid Min…
Chinese foil industry
Enormous investment in the Chinese aluminum foil industry could change the face of the global foil market for many years to come. Chinese demand is forecast to grow by 11.1% per year from 2004 through…