Cream Minerals raises $1.5m
Vancouver — Cream Minerals (CMA-V) has signed a deal with Canaccord Capital for a private placement of up to 2.3 million units priced at 65 apiece. Gross proceeds are estimated to be $1.5 million. A…
News
Alamos sizes up Mulatos
Vancouver — Alamos Gold (AMI-V) has released a new resource estimate for the Mulatos deposit in Mexico.Based on a cutoff grade of 0.2 gram gold per tonne, the measured and indicated resource now stan…
Canadian Stock Exchange Indices (February 02, 2004)
DateJan. 27Jan. 26Jan. 23Jan. 22Jan. 21HighLowTSX Composite8588.15…
Desert Sun confirms zone in Brazil
The first hole of an underground drill program has confirmed the existence of a new zone at the past-producing Jacobina mine in the Bahia gold belt.Desert Sun Mining (DSM-T) is in the midst of a 41,50…
Twenty-Five Years Ago / February 1979
Black pushes for rapid growthWithin two months of the entry of Toronto financier and industrialist Conrad Black and his brother, G. Montagu, to the board of directors of Hollinger Mines, the company a…
Unstable gold market to continue
Gold ended the week Jan. 19-23 on a soft note, after late selling took prices to a close of US$407.80 per oz. However, with the U.S. dollar firming further, supported by comments from U.S. Treasury Se…
Uranium giant helped by gold
Increased earnings from its gold business helped Cameco () boost fourth-quarter earnings by 36% despite flat revenues.During the three months ended Dec. 31, 2003, Cameco earned $30 million (or 53 per…
Casa Berardi extensions take shape under Aurizon
Aurizon Mines (ARZ-T) has wrapped up a drill program of widely spaced holes on the extension of zone 113 and zones 118-120 at the Casa Berardi gold project, 100 km north of Rouyn-Noranda, Que.Results …
Daily Metal Prices (February 02, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 27Jan. 26Jan. 23Jan. 22Jan. 21Al Alloy1497/152…
Pacific Minerals expands 217 project
Vancouver — Pacific Minerals (PMZ-V) has tabled a new, independent estimate of the gold resource at the 217 open-pit project in Inner Mongolia.The estimate, prepared by Westervelt Engineering of Vanc…
Rio Tinto vs. AIDS
London-based Rio Tinto has developed and implemented a global HIV-AIDS strategy in response to the social and economic issues related to the life-threatening disease.About 40 million people worldwide …
Celtic explores Malaumanda project
Drill crews are testing along strike and downdip of a recently discovered zone of mineralization on Celtic Minerals’ (CME-V) Lodon Tops prospect, part of the Malaumanda project in Papua New Guinea.The…