AMT intersects gold in Manitoba
Drilling by AMT International Mining (AAI-T) has intersected strong gold values on the Gold Dust property in northwestern Manitoba.Highlights from Gold Dust include hole 3, which hit 13.4 ft. grading …
News
STOCK MARKETS — Tumbling gold price depresses TSE
Over the report period ended March 18, the Toronto Stock Exchange reversed the gains it had made during the previous week, and then some.The TSE Composite 300 index dropped 176.18 points (or 2.8%), cl…
Vancouver Stock Exchange halts trading of Consolidated Silver Tusk
Trading in shares of Consolidated Silver Tusk Mines (CKS-V) has been suspended following the company’s release of unimpressive assays on what had looked like a spectacular gold and silver find in Indo…
Minefinders stages $15-m financing
A special warrant financing to the tune of $15 million is being arranged by Minefinders (MFL-V).Three investment firms — Nesbitt Burns, Midland Walwyn Capital and HSBC James Capel Canada — will buy …
Homestake studies bio-oxidation process
Homestake Mining (HM-N) and Codelco, the Chilean state-owned mining agency, are studying the feasibility of using bio-oxidation techniques to process refractory material at the Agua de la Falda gold p…
Profits nosedive for Black Hawk
Despite improved operating results at the Keystone gold mine near Lynn Lake, Man., the writedown of an exploration property left Black Hawk Mining (BHK-T) with a loss of $4.1 million (or 2 cents per s…
OPINION — The value of gold
Although central banks, hedge funds and others involved in finance insist that inflation is low, this is not the case. Gold companies that recognize the difference between gold and paper money, howeve…
EDITORIAL PAGE — PDAC takes the world stage
In early March, the Prospectors & Developers Association of Canada (PDAC) hosted what has become the foremost mining conference and exhibition in the world.This is no small accomplishment for an organ…
Claimstaker to gain Zenda gold mine
Having completed a positive due diligence review, Claimstaker Resources (CLN-V) is proceeding with plans to acquire the Zenda gold mine project, 65 km east of Bakersfield in Kern Cty., California.The …
THE DIAMOND PAGE — New kimberlite discovered at Yamba Lake project
Partners Cypango Ventures (CAV-V), Mill City Gold Mining (MIY-V) and Tanqueray Resources (TQY-A) have discovered a new kimberlite pipe on the Yamba Lake property in the Lac de Gras region of the North…
STOCK MARKETS — VSE feeds off Indonesian plays
The Vancouver Stock Exchange composite index was down slightly over the report period ended March 18, losing 21.48 points to close at 1,325.7. The resource index was off 54.5 points to finish at 2,463…
China Clipper signs deal in central China
Ottawa-based China Clipper Gold Mines (CXX-A) will gain interests in various projects in China’s Shaanxi province.The interests are specified in a 3-component agreement signed by China Clipper and the…