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News July 25, 2005

White metals buoy junior board

Major silver and uranium discoveries coupled with nickel speculation rallied investors, pushing up trading volumes to an average daily tally of 34 million shares for the week July 12-18. Despite the a…

John Gammon

People in Mining July 25, 2005

Ontario ADM John Gammon retiring

After serving under five Ontario premiers, three political parties and nine mines ministers, Assistant Deputy Mines Minister John Gammon is calling it quits and celebrating the occasion by throwing a…

News July 25, 2005

Combination fells TSX

A double-whammy of looming interest rate hikes and a narrower trade surplus sent Toronto stocks 54.69 points lower to 10,163.03 over the July 12-18 report period. After some early resistance, the gold…

News July 25, 2005

Southwestern advances Boka to prefeasibility

Vancouver — A preliminary assessment of the Boka gold project has prompted Southwestern Resources (SWG-T) to forge ahead with a prefeasibility study that will examine both open-pit…

William Pearson and Pedro Moura de Macedo of Desert Sun Mining examine core from the Pindobau prospect.

News July 25, 2005

Pindobau a test case for new model at Jacobina

Pindobau, Brazil — The principal test of a new model for gold mineralization in the Jacobina gold camp of Bahia state, Brazil, is a program near the northern end of the Serra de Jacobina, the line o…

Mining personnel from Manhattan Minerals walk through the village of Tambogrande in northwestern Peru in 1999. Local opposition to Manhattan and its Tambo Grande project eventually scuttled the company's plans to develop rich polymetallic deposits under and near the town.

News July 25, 2005

Anti-mining protests grow in Peru

Lima, Peru — Judging by the figures, Peruvians should feel real affection for their mining industry. The sector provides tens of thousands of jobs, generated more than US$6 billion in exports last ye…

News July 25, 2005

Fronteer expands Turkish gold zones

Vancouver — Drilling by Fronteer Development Group (FRG-T) on both its Agi Dagi and Kirazli projects in western Turkey has increased the gold potential of both properties….

News July 25, 2005

North Am. Palladium inks Lynn option

North American Palladium (NAP-T) and Rare Earth Metals (REM-V) have signed a definitive agreement to explore for nickel-copper deposits in the Lynn Lake area of M…

News July 25, 2005

Spot Prices Tuesday, July 19, 2005 Courtesy of Scotiabank

Precious Metals Price (US$/oz.) Change
Gold $420.00 -6.95
Silver $6.95 -0.15
Platinum<...

News July 25, 2005

Copper the only bright spot

U.S. stock markets rose steadily through the first four days of the reporting period July 12-18, but the gains were almost wiped out on the final day of the period. The S&P 500 index was up 1.69 p…

A drill rig tests the Shea Creek uranium project in the Athabasca basin in northern Saskatchewan where a recent 3.5-metre interval averaged 58.3% U3O8. The project is jointly held by Cogema and UEX.

News July 25, 2005

Cogema, UEX drilling hits 58% U3 O8

Vancouver — Drilling by uranium producer Cogema on its western Athabasca Basin Shea Creek joint venture with UEX Corp. (UEX-T) has intersected extremely high-grade uranium values….

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