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News May 10, 2004

Cameco subsidiary opens Boroo mine

In a development that marks the first successful Canadian foray into Mongolia, production is under way at the Boroo gold mine, northwest of Ulaanbaatar.

News May 10, 2004

Sunridge cuts high-grade copper at Debarwa

Vancouver — Drilling by Sunridge Gold (SGC-V) has intersected high-grade copper at the Asmara volcanogenic massive-sulphide project in the northeast African state of Eritrea.

News May 10, 2004

Met tests add up for Calcatreu

Results from metallurgical tests indicate high recovery rates at Aquiline Resources‘ (AQI-V) Calcatreu gold-silver project in Argentina’s Rio Negro province.

News May 10, 2004

Canadian Stock Exchange Indices (May 10, 2004)

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News May 10, 2004

Miners help clear Nortel landslide

After being blindsided by an accounting scandal at Nortel Networks, the S&P-TSX composite index recovered to end the April 28-May 4 report period 221.05 points higher at 8,455.85.

A view of ongoing work on the Central Valley zone, part of QGX's Golden Hills property in western Mongolia.

News May 10, 2004

QGX paves way for mineral exploration in Mongolia

Long before Robert Friedland’s Ivanhoe Mines (IVN-T) discovered the huge Oyu Tolgoi copper-gold porphyry in the South Gobi Desert, QGX () had recognized the untapped mineral potential of Mongolia, a country co…

News May 10, 2004

UGL takes aim at Mongolian targets

Vancouver — Vancouver-based UGL Enterprises () is preparing to drill two of the six large properties in Mongolia that it acquired over the past year. The acquistions were made under an arrangement with Mine Info, a Mongolian ex…

An aerial view of Southwestern Gold's Boka gold project, situated in Yunnan province in southern China, about 110 km north of the capital, Kunming.

News May 10, 2004

Juniors blaze path to Middle Kingdom

Vancouver — Ten years ago, investing in China’s mineral industry was a risky, laborious and often frustrating proposition for foreign companies. That’s not the case today, thanks to an economic boom that has fueled price increases for most metals…

News May 10, 2004

Mind-blowing holes at Grasberg

By far the most impressive exploration drill results tabled during the report period ended May 4 came from Freeport-McMoRan Copper & Gold‘s “Deep MLZ” underground target, which represents the deepest extensions below the DOZ und…

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