News

Gold near 16-year high, keeps market active

The S&P-TSX Venture Composite Index, along with its junior miner-explorer component, had a relatively even week, closing out the Oct. 20-26 trading period at 1,652.62, up just over two points from the previous week’s close. The session saw average…





A plane carries supplies and personnel to Wolfden Resources' High Lake camp in Nunavut.

Wolfden propels High Lake toward feasibility

At its High Lake polymetallic project in Nunavut, Wolfden Resources (WLF-T) is making the most of a spectacular grassroots exploration find and the relatively inexpensive purchases of a gold deposit and a mill.


Photo by Pattie BealesVal Pratico, contract geologist (left), and David Webb, president of Tyhee Development, stand in front of the entrance to the Ormsby decline.

Tyhee decline advances on the Ormsby zone

Yellowknife, N.W.T. — Tyhee Development (TDC-V) has stepped up exploration of the Ormsby zone, part of the Discovery-Nicholas Lake gold property, 90 km from Yellowknife, N.W.T.



The ore-processing facilities at the Zinkgruvan lead-zinc mine, 200 km southwest of Stockholm, Sweden. The mine is owned by Rio Tinto and Lundin Mining.

Lundin celebrates Swedish homecoming

Stockholm, Sweden — As a result of acquiring the Zinkgruvan mine in central Sweden from Rio Tinto (RTP-N), Vancouver-based Lundin Mining (LUN-T) is supplying lead and zinc concentrate to smelters in northern…


Tamerlane ambitious at Pine Point mine

Vancouver — The once-grand Pine Point mine, on the southern shore of Great Slave Lake in the Northwest Territories, is getting a test drive by Tamerlane Ventures (TAM-V), which is eying both existing and potential resources of…



StrataGold adds gold projects in Yukon

Vancouver — StrataGold (SGV-V) has struck a deal to acquire Sterlite Gold‘s (SGD-T) interest in the Dublin Gulch and Clear Creek gold projects, near Mayo, Y.T.


Financing triggers higher trading in Bema

The 7-day report period beginning Oct. 20 saw the price of gold rise US$8.15 to close at US$427.50 per oz. in the afternoon of Oct. 26 in London. During the week, gold hit a near 16-year peak; on Oct. 26, however, it fell $1.65. The gold index ro…


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