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News August 16, 2004

Crystallex confirms permit at Las Cristinas

The Venezuelan government has confirmed Crystallex International‘s (KRY-T) land occupation permit for the Las Cristinas gold properties in the Kilometre 88 gold district. The permit authorizes mining on the properties and is a p…

News August 16, 2004

WGI eyes Sierra Rutile

Vancouver — WGI Heavy Minerals (WG-T) intends to acquire the world’s largest and highest-grade rutile deposit — the Sierra Rutile mine in Sierra Leone.

News August 16, 2004

Ivanhoe hits high-grade at Monywa

Vancouver — Drilling by Ivanhoe Mines (IVN-T) in the Sabetaung pit floor at the Monywa project in Myanmar has intersected spectacularly high copper grades.

News August 16, 2004

Canadian Stock Exchange Indices (August 16, 2004)

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News August 16, 2004

Gold glistens as oil boils

Surging oil prices and anemic job growth south of the border sent gold US$7.05 higher to US$399 per oz. during the Aug. 4-9 report period. Still, the Toronto Stock Exchange’s gold index only managed to edge 0.58 of a point higher to 185.28. The di…

News August 16, 2004

Mano River’s Pampana yields more gold

Vancouver — Drilling at the Pampana project in Sierra Leone — a joint venture between Mano River Resources (MNO-V) and Golden Star Resources (GSC-T) — is returning impressive gold grades from beneath an art…

News August 16, 2004

Minco drills Changkeng

Vancouver — Drilling by Minco Mining & Metals (MMM-T) at its Changkeng gold joint venture in southeastern China has confirmed the presence of precious metals.

News August 16, 2004

Interest rate worries sink US boards

Downbeat economic news, high crude oil prices, and the expectation that the U.S. Federal Reserve would increase interest rates brought U.S. stock markets lower in the reporting period Aug. 4-9. The S&P 500 Index fell 34.47 points, or 3.1%, to 1,06…

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