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.