News

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…

Vancouver — Anaconda Gold (ANX-V) has intersected high-grade gold mineralization at the Damoti Lake project, 200 km north of Yellowknife, N.W.T.

Bulk sampling of the Tarale 1000 and Tarale 11 structures on Sur American Gold‘s (SUR-V) Comval gold project is returning higher grades as underground development advances. The latest sampling brings to five the number of “bonan…

Costs at Eldorado Gold‘s (ELD-T) Kisladag project in western Turkey are being hampered by the effects of value-added tax (VAT).

High River Gold (HRG-T) incurred a $17 million loss for 2003, most ($14 million) of which is attributed to a writedown on the company’s share of the New Britannia mine in Manitoba. The mine is slated for closure later this year.

Drilling is ongoing at the Norman 2000 and Norman North copper-nickel deposits in the Sudbury area of Ontario, where FNX Mining (FNX-T) and Dynatec (DY-T) are preparing to begin feasibility work.

Reverse-circulation drilling by Golden Star Resources (GSC-T) at the Mininko property in southern Mali has proved mineralization at depth below known surface gold occurrences.

Vancouver — An agreement with several Chinese agencies gives Minco Mining & Metals (MMM-T) the right to earn up to a 51% interest in the Changkeng gold deposit in Guandong province.

Insider trading transactions reported in May 2004 Ontario Securities Commission Bulletin include the following:…