U. S. MARKETS – SEPTEMBER 23-29
You can run but you can’t hide. The defeat of a US$700-billion bailout plan in Congress on Monday Sept. 29 sent the Dow Jones Industrial Average into a tailspin — down 777.68 points to 10,365.45 — a…
News
Market jitters set off gold-buying frenzy
The phones have been ringing off the hook at Blanchard & Co., the biggest bullion dealer in the United States as investors buy up gold coins and bars like never before amidst the market meltdown.
Editorial: Suppliers booming, juniors hunker down
While continued anxiety over the U. S. banking crisis dominated the headlines around the world during the week ended Sept. 27, the 39th trading week of 2008, there were still plenty of new development…
Buy-side attendance drops at Denver Gold Forum
Attendance was up 10% at this year’s Denver Gold Forum due to a 19.4% surge in sponsor representation, but a 6.5% drop in buy-side participants was a clear sign that the volatile markets and fragile e…
Gem Diamonds recovers 478-carat stone at Letseng
Vancouver — For the third time in as many years, Gem Diamonds (GEMD-l) has recovered a diamond from its Letseng mine, in Lesotho, big enough to take a place on the list of the 20 largest rough diamon…
San Gold lands $20M for exploration at Rice Lake
Vancouver — San Gold’s (SGR-V, SGRCF-o) coffers will get a healthy top-up with a $20-million bought-deal private placement.
Cashed-up Lake Shore speeds ahead at Timmins West (October 06, 2008)
With capital scarce and share prices in the dumps, many juniors are struggling to raise the money they need to advance their properties — no matter how promising they are.
Rye Patch shares rise on Nevada high-grade
Shares of Rye Patch Gold (RPM-V, RPMG-o)shot up 128% on news that the company hit high-grade gold mineralization in drilling at its Lincoln Hill project, in Nevada.
Queenston tallies Upper Beaver resource
Queenston Mining (QMI-T, QNMNF-o) staked its claims in Canada’s second-largest gold camp early and often — a strategy that has given it the biggest land position in the Kirkland Lake district of nort…
Trevali proving potential at past-producing Santander
Vancouver — The Santander silver- lead-zinc project in Peru continues torepay Trevali Resources’ (TV-C, TREVF-o) investment with strong drill intercepts, encouraging grab samples, and inexpensive ave…
Alexandria gives up Joanna gold project to Aurizon
As Alexandria Minerals (AZX-V, ALXDF-o) gears up for its next 10,000-metre drilling expedition, the company is cashing in on its Joannes Twp. claims by optioning the property to Aurizon Mines (ARZ-T, …
SearchGold starts small with Gabon JV
SearchGold Resources (RSG-v) has received a mining permit for its 36%-owned Bakoudou-Magnima gold project in Gabon, a joint venture with Moroccan company Managem.