News

Vancouver — Great Basin Gold (GBG-T) has started a prefeasibility study of Area 1 of its Burnstone property in South Africa.

European Minerals (EPM.U-T) has completed infill drilling on the periphery of proposed open pits at its Varvarinskoye project, 130 km southwest of Kustanai in northern Kazakhstan.

The following insider trading transactions were reported by the Ontario Securities Commission in the August 2004 issue of the OSC Bulletin:…

Vancouver — Drilling by Canadian Arrow Mines (CRO-V) on its Alexo project, 45 km northeast of Timmins, Ont., has encountered intersected significant nickel sulphide mineralization.

Rapidly, market consensus seems to have shifted to a view that base metal prices have peaked. The firm uptrend of earlier this year has been interrupted, and market participants have become increasingly worried over growth prospects.

Shares in Gabriel Resources (GBU-T) increased by as much as 54%, to $2, on Aug. 30, after the company announced a $24.8-million private-placement deal with Newmont Mining (NEM-N).

Minera San Xavier, a unit of Metallica Resources (MR-T), has had its contruction and operating licences renewed for the Cerro San Pedro project in Mexico’s San Luis Potosi state.