News

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…

Early-stage reverse-circulation drilling by Patagonia Gold (PGD-L) at the Cerro Crespo property in Chubut province, Argentina, has intersected gold along a 200-metre-long vein.

Shares of Grand Central Silver Mines (GSLM-O) have doubled, tripled and quadrupled in recent months, following news that the company had found a “Carlin-type” gold deposit adjacent to the Bingham Canyon copper mine in Utah.

Tiomin Resources (TIO-T) has acquired a 3-acre parcel of land on the southern side of Mombasa Harbour in order to advance its Kwale titanium-sands project in Kenya.

Proceeds from a $6.5-million private placement will enable Minera Andes () to advance the Huevos Verdes gold-silver project in southern Argentina.

Vancouver-based Chesapeake Gold (CKG-V) has assembled a portfolio of 10 gold projects in Mexico, including ones in a new epithermal gold district.

The S&P-TSX Composite Index gathered 246.78 points to end the March 31-to-April 6 report period at 8,832.71. The gains were not a result of the golds, which fell 3.43 points to 226.44. The price of the yellow metal fell US$5.80…

Robust prices for gold and silver triggered another round of trading activity on the TSX Venture Exchange over the report period March 31-April 6. The composite index was up about 20 points at 1,881 over the week.

Vancouver — Pacific Rim (PMU-V) plans to sell its Chilean unit that holds the Andacollo gold mine to Toronto-based MCK Mining ().

Congolese President Joseph Kabila has approved a deal under which American Mineral Fields (AMZ-T) can acquire the Kolwezi copper-cobalt tailings project in Katanga province, Democratic Republic of Congo.

Canadian mineral exploration companies have historically thought of Latin America as their turf. It was the juniors of Vancouver and Toronto that made many of the discoveries there that are today productive mines.