News

Goldcorp (g-t) has begun data compilation and surface sampling at Pele Mountain Resources‘ (gem-v) wholly owned Ardeen high-grade gold project, 110 km west of Thunder Bay, Ont.

The report period Sept. 22-28 saw the price of gold rise another US$3.20 to close at US$411.70 per oz. in the afternoon in London. In New York, oil prices rose above US$50 a barrel for the first time. The energy index was up 2% at 188.17 points. T…

Richmont Mines (RIC-T) and Mountain Lake Resources (MOA-V) have intersected significant gold at their Valentine Lake property, 55 km south of Buchans, Nfld.

On the heels of last week’s positive trading period, TSX Venture Exchange-listed companies continued to gain ground as the gold price climbed higher, owing to a weaker U.S. dollar. The S&P-TSX Venture Exchange index continued its climb from Sept.

Strateco (RSC-V) and partner GeoNova Explorations have intersected significant gold on their jointly held Discovery project, 45 km northwest of Lebel-sur-Quvillon, Que.

Gold Fields (GFI-N) has added $880,000 to the exploration budget for the Committee Bay gold project, northeast of Baker Lake, N.W.T. The project is a joint venture with Committee Bay Resources (CBR-V).

We were originally asked by the organizers of a recent aluminum conference to address the topic “Aluminum: can momentum be sustained?” However, the reality is that the previous upward momentum has stalled. Moreover, there is a significant amount o…

Drilling by Guinor Gold (GNR-T) at the Lero mine in eastern Guinea has encountered new zones of gold mineralization both below two existing pits and along strike from known resources.

Strenghtening gold prices, coupled with the release of excellent drill results from the Kupol project in Russia’s Far East, propelled shares in Bema Gold (BGO-T) more than 15% higher on Sept. 23 to $2.84.