News

Vancouver — Drill results from the Spanish Mountain property in British Columbia’s Cariboo district indicate the presence of stratiform gold combined with structurally controlled high-grade gold.

A feasibility study at Tiberon Minerals‘ (TBR-T) Nui Phao project in Vietnam points to a 16.6% internal rate of return.

Constellation Copper (CCU-T) has intersected an average of 129 metres grading 0.34% copper and 5.85% zinc in three holes at its Terrazas property, 40 km north of Chihuahua, Mexico.

Vancouver — The Kemess mine in north-central British Columbia enabled Northgate Minerals (NGX-T) to achieve record-high production at record-low cash costs in 2004.

Encouraged by bioleaching tests, BacTech Mining (BM-V) will submit a new operating plan for its 55%-owned Tonkin Springs open-pit gold project in Nevada.

Drill holes at the Mt. Kakoulima nickel project in Guinea, where FNX Mining (FNX-T) is earning a 100% interest from Afcan Mining (AFK-T), have intersected disseminated sulphides and favourable host rocks for a…

Glamis Gold (GLG-T) will solicit proxies from shareholders of takeover target Goldcorp (g-t) in the hope of stopping Goldcorp’s planned takeover of Wheaton River Minerals (WRM-T).

A fire at Suncor Energy‘s (SU-T) oil sands operation in northern Alberta forced the evacuation of about 250 people in early January. No injuries were reported.

Vantex Resources (VTX-V) has cut visible gold in three of five holes drilled on its 38-sq.-km Guillet property, 5 km east of Belleterre in the Temiscamingue area of Quebec.

U.K.-based Gold Fields Minerals Services says that, despite a slow start, investors are expected to lead the charge to an average gold price of US$477 per oz. during the first half of 2005.

Cambior (CBJ-T) produced 694,100 oz. gold in 2004. That’s a third more than in 2003, reflecting the startup of the Rosebel open-pit mine in Suriname.