News

Richmont Mines (RIC-T) and Mountain Lake Resources (MOA-V) have intersected significant gold at their Valentine Lake property, 55 km south of Buchans, Nfld.

Gold Fields (GFI-N) has added $880,000 to the exploration budget for the Committee Bay gold project, northeast of Baker Lake, N.W.T. The project is a joint venture with Committee Bay Resources (CBR-V).

Drilling by Guinor Gold (GNR-T) at the Lero mine in eastern Guinea has encountered new zones of gold mineralization both below two existing pits and along strike from known resources.

Strenghtening gold prices, coupled with the release of excellent drill results from the Kupol project in Russia’s Far East, propelled shares in Bema Gold (BGO-T) more than 15% higher on Sept. 23 to $2.84.

Owing to lower-than-expected gold and silver production, Reno-based Metallic Ventures Gold (MVG-T) has suspended mining at its Esmeralda project in northwestern Nevada.