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News January 31, 2005

Mundoro boosts Maoling resource

Vancouver — Mundoro Mining (MUN-T) reports a significant increase in the resource at the Maoling gold project in northeastern China.

News January 31, 2005

Esperanza finds silver in Peru

Vancouver — Regional sampling by Esperanza Silver (EPZ-V) has uncovered a bulk-tonnage silver prospect at the Flor de Loto project, 150 km northeast of Lima, Peru.

News January 31, 2005

Canyon aims to revive Hycroft mine

Vancouver — Colorado-based Canyon Resources (CAU-X) has launched an exploration and development program aimed at reviving the dormant Hycroft gold-silver mine, near Winnemucca, Nev.

News January 31, 2005

Intrepid buoyed by Casposo recoveries

Intrepid Minerals (IAU-T) is pleased with metallurgical tests that indicate gold recovery by simple gravity concentration averages 36.6% from samples taken at the Casposo gold and silver deposit in Argentina’s San Juan province.

News January 31, 2005

Cdn Arrow gains McWatters property

Vancouver — Canadian Arrow Mines (CRO-V) will acquire the McWatters nickel project, 23 km southeast of Timmins, from Liberty Mineral Exploration (LBE-V).

News January 31, 2005

Canadian Stock Exchange Indices (January 31, 2005)

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News January 31, 2005

Golds caught by rising greenback

U.S. equity markets were lower over the report period Jan. 18-25, mainly forced lower by poor earnings news. The S&P-500 index was down 2.3% of value, at 1,168.41 points.

News January 31, 2005

Breakwater gains while St Andrew loses value

The week of Jan. 19-25 saw the price of gold rise US$2.25, to US$424.50 per oz., where it closed in the afternoon in London. The gold index was up 1.8 points and finished at 198.25. The diversified metals and mining index also rose, by 3.7 points,…

News January 31, 2005

Venture market stable despite weaker gold

TSX-Venture board juniors continued to weather weak gold prices over the report period Jan. 19-25, despite a modest overall gain. The S&P-TSX Venture Composite Index closed at 1804.07, up 7.32 points from the previous session. Average daily tradin…

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