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News October 25, 2004

Canadian Stock Exchange Indices (October 25, 2004)

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News October 25, 2004

Mining equities fall to earth

The mining sector took a beating over the report period Oct. 13-19, even as the broader market settled only slightly. The TSX composite index fell 65.33 points to 8,720.53.

News October 25, 2004

Pacific Rim finito at La Calera

Vancouver — Pacific Rim Mining (PMU-T) has terminated its option on the La Calera gold project in El Salvador after most of the 39 holes it drilled this year turned out to be duds.

News October 25, 2004

Migoro resource tops 1m oz. gold

Vancouver — The Migoro gold deposit in southwestern Kenya contains about 1.2 million oz., or 65% more than previously thought, according to an independent estimate.

At the lonore gold project in the James Bay Lowlands: (From left) Jean-Franois Ouellette, president of Services Techniques Gonordique (STG); Franois Huot, a consultant with Go-conseils; Virginia Gold Mines Geologist Melanie Tremblay; Virginia's vice-president, Paul Archer; Alain Cayer-Projet, a geologist with STG; and Michel Chapdelaine, Virginia's senior supervising geologist.

News October 25, 2004

Virginia improves Roberto

Virginia Gold Mines (VIA-T) has intersected significant gold at its lonore property, 320 km north of Matagami in the Opineca reservoir area of Quebec’s James Bay region.

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