News

Vancouver — A subsidiary of Denver-based U.S. Gold (USGL-O) has launched an underground program at the El Aquila gold-silver mine in Mexico’s Oaxaca state.

Toronto-based RNC Gold (RNC-T), owner and operator of most of Greenstone Resources’ old gold assets in Central America, has expanded its reserves and resources at the La Libertad and Bonanza mines in Nicaragua and the Cerro Quem…

Vancouver — Southwestern Resources (SWG-T) reports satisfactory gold values from drilling at the Boka project in China’s Yunnan province.

Vancouver — Mano River Resources (MNO-V) has signed an agreement with BHP Billiton (BHP-N) to explore for diamonds on the former’s 9,700-sq.-km prospecting licence in southeastern Sierra Leone.

Vancouver — Drilling by Aurizon Mines (ARZ-T) at its Casa Berardi project in northwestern Quebec has returned high gold values beyond the known limits of zone 113.

Vancouver — The results of a 27-hole drill program by Corriente Resources (CTQ-T) will be integrated into a feasibility study of the Mirador copper-gold project in Ecuador.

Vancouver — Assays are in hand for the first two holes of a drill program at the Tulsequah Chief mine property, near Atlin in northwestern British Columbia.

Desert Sun Mining (DSM-T) has 10 surface drill rigs and 4 underground drills testing targets in the Bahia gold belt of eastern Brazil.

The TSX Venture Exchange took back some ground for the trading period May 19-25 to close up 68 points at 1,602.27, breaking a 6-week decline. The junior market was fuelled by upward-trending gold prices, which reached a 2-week inter-day high of US…