News


Canadian Royalties project geologist Todd Keast (third from right) examines core from the Mequillon nickel-copper deposit in the Ungava peninsula.

Resource figure for Mequillon deposit grows

New resource calculations, based on 2004 drilling by Canadian Royalties (CZZ-T), show the Mequillon nickel-copper deposit in the Ungava area of northern Quebec to be about three tim…


New Millennium gets Howells River estimate

A resource estimate based on drilling in 2004 by New Millennium Capital (NML-V) shows the Lab Mag iron ore project in western Labrador has a resource of just over a billion tonnes g…


Anaconda hits gold at Damoti (June 06, 2005)

Structural extensions to the Horseshoe zone at the Damoti Lake gold deposit in the Northwest Territories are proving to be mineralized in drill-testing by Anaconda Gold (ANX-V)….




Base metals still hot

A Bank-Holiday-shortened week in England saw the price of gold close US25 higher at US$418.25 per oz. in the afternoon in London on May 27. Back in Canada, the Toronto Stock Exchange’s gold index cam…



Canadian Stock Exchange Indices (June 06, 2005)

Date May 30 May 27 May 26 May 25 May 24 High Low
TSX Composite 9673.20 9619.36 9579.05

Small gains for large miners

Trading activity was down in the U.S. over the May 24-30 period due in part to markets being closed May 30 for Memorial Day. The S&P 500 index rose 4.92 points to close at 1,198.78 points and the…


Serengeti acquires Croy from Northgate

Vancouver — A recent agreement with Northgate Minerals (NGX-T) gives Serengeti Resources (SIR-V) the rights to acquire a copper-gold-molybdenum property adjacent…


Pelangio proves up area near former producer

Pelangio Mines (PLG-V) has intersected significant gold on the Detour Lake property in northern Ontario, just west of the past-producing open pit, and a new resource estimate on the…


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