News

The Toronto Stock Exchange’s S&P-TSX composite index saw its recent ascent flatten out somewhat with a 99.4-point gain to make 8,418.38 points by the end of the May 26-June 1 report period.

Vancouver — Anglo American (AAUK-Q) has dropped its option on Muskox Minerals‘ (MSK-V) Muskox Intrusive project in the Coronation Gulf region of Nunavut.

The TSX Venture Exchange managed neither a loss nor a gain over the report period May 26-June 1, ending at 1603.22 after breaking its 6-week losing streak in the previous week.

Vancouver — Drilling by International Minerals (IMZ-T) at its Rio Blanco gold-silver project in southern Ecuador has returned further significant gold values, including bonanza grades from new zones.

Orezone Resources (OZN-T) has hit good gold grades down-plunge of the Essakan main zone in Burkina Faso, West Africa.

Vancouver — At its Jerritt Canyon gold operation in Elko Cty., Nev., Queenstake Resources (QRL-T) has defined sufficient high-grade ore to increase the processing rate.

Vancouver — The Kupol gold-silver project in the Chukotka region of northeastern Russia has received a positive preliminary economic assessment, Bema Gold (BGO-T) reports.

Emgold’s subsidiary, Golden Bear Ceramics, will build a Ceramext pilot plant, designed to produce ceramic tiles and bricks from mine tailings. The process is currently at the bench-scale testing phase.

At the beginning of April this space was given over to an editorial entitled “Consolidation, or not,” which questioned whether there was much consolidation left to be done in the gold industry. Within an hour of our placing that column, Iamgold an…

It is a nice change indeed to be responding to the recent PriceWaterhouseCoopers report that describes the British Columbia mining industry as having had a positive year.

Afri-Can Marine — Howard Messias appointed director.