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News May 31, 2004

Redcorp drill-tests Tulsequah Chief

Vancouver — Assays are in hand for the first two holes of a drill program at the Tulsequah Chief mine property, near Atlin in northwestern British Columbia.

News May 31, 2004

WMC studies Olympic Dam

Aussie nickel major WMC Resources (WMC-N) has earmarked A$50 million over two years to study whether there should be an expansion of the Olympic Dam copper-uranium mine in South Australia.

Photo by Viceroy Exploration -- A drill tests Viceroy Exploration's Gualcamayo gold project in the northern portion of Argentina's San Juan province.

News May 31, 2004

Viceroy rolls the dice in Argentina

Vancouver — Northwestern Argentina is an emerging gold district relative to the prolific, more mature El Indio and Maricunga belts across the mountains in neighbouring Chile. Yet junior companies such as Viceroy Exploration (VY…

Construction of the mill and conveyor belt at the El Sauzal gold project in Mexico.

News May 31, 2004

Glamis looks to Americas for growth

With two low-cost gold mines under construction in Mexico and Guatemala, Glamis Gold (GLG-T) expects to increase its production to more than 600,000 oz. by 2006 at a total projected cash cost of well under US$150 per oz.

News May 31, 2004

African Gold fires up drills in Ghana

Toronto-based African Gold Group (AGG-V) has kicked off a 10,000-metre program of diamond drilling as part of a US$2.4-million first round of exploration at its 108-sq.-km Mankranho concession in Ghana.

News May 31, 2004

SouthernEra explores in the DRC

SouthernEra Resources (SUF-T) has been awarded 41 diamond exploration permits covering 13,000 sq. km in the Democratic Republic of Congo (DRC).

News May 31, 2004

Pine Valley gains funds for coal mine

Vancouver — A buoyant market for metallurgical coal is making it easy for Western Canadian coal companies to place new mines into production. The list includes the Willow Creek coal mine, scheduled to begin operations later this summer.

The Gidgee gold mine in Western Australia is making money for Legend Mining.

News May 31, 2004

New gold rush in Western Australia

Anyone dismissing the gold potential of the two Western Australian gold mining centres of Sandstone and Gidgee, which are only 90 km apart, will have to think again, as the area appears set to experience a gold rush.

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