Queenstake Resources Ltd

Absolut Res. — Richard Cleath appointed VP of exploration….

Aber Diamond — John Willson appointed director….

Nevada Pacific Gold (NPG-V) has begun commercial gold production at its Magistral heap-leach operation in Mexico’s Sinaloa state.

U.S. stock markets rose over the period Jan. 12-18. The S&P 500 index gained 13 points to close at 1,195.98 and the Dow Jones Industrial Average was up 72.6 points, at 10,628.79.

The report period Dec. 22-28 was short because the TSX closed down at 1 p.m. on Dec. 24 for the holidays, and trading did not resume until Dec. 29. The price of gold closed at US$444.40 per oz. in New York on Dec. 28. At Dec. 24, the price of gold…

Queenstake Resources (QRL-T) has cut high gold grades combined with impressive widths at its Starvation Canyon project, 12 miles southwest of its Jerritt Canyon mill in Nevada.

The report period Dec. 15-21 saw the price of gold rise US$3.85 to close at US$440.95 per oz. in the afternoon of the 21st in London. The gold index rose 2.09 points, or 0.9%, to close at 211.20. The diversified metals and mining index was up 10.7…

The report period Dec. 8-14 saw the price of gold fall US$14.70 to close at US$437.10 per oz. in the afternoon in London. The gold index managed to hold its own and fell a mere 0.19 of a point to close at 209.11, and the diversified metals and min…

Vancouver — Exploration spending in the U.S. has been in sharp decline for most of the past decade, falling 66% to below US$150 million in 2002 from 1997 levels, with a 77% drop in new claims over the same period. Weak metal prices and relentless…