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Auger drilling by Vaaldiam Resources at the newly discovered Clara pipe in the southern block of the Pimenta Buena property in Brazil's Rondonia state. The discovery is significant in that it is the first pipe on the property found by drilling an electromagnetic anomaly, rather than a more-typical magnetic anomaly.

News February 21, 2005

News – 21-FEB-05

Vancouver — The search for diamond-bearing kimberlites in Brazil has been ongoing for at least 40 years, but success has so far proved elusive….

News February 21, 2005

Making the acquisition make sense

Brazil is the world’s fifth-largest country by area, with 8.5 million sq. km (3.2 million sq. miles) of territory, and its mineral and precious metal deposits are extensive. The country produces subst…

News February 21, 2005

Don’t bank on World Bank standards alone

In 1988, when the new Brazilian constitution closed the door on foreign investment in mining, many Canadian and other foreign miners closed their offices in the country. However, the federal governmen…

News February 21, 2005

Red Back finds gold near Chirano

Vancouver — Sampling, trenching and drilling by Red Back Mining (RBI-V) have uncovered 14 new gold deposits on a 5,000-sq.-km land position in Ghana….

News February 21, 2005

Canadian Stock Exchange Indices (February 21, 2005)

Date Feb. 15 Feb. 14 Feb. 11 Feb. 10 Feb. 9 High Low
TSX Composite 9570.03 9585.20 9558….

A Britton Bros. Longyear 38 tests mineralization at Grayd Resource's Seel copper project in west-central B.C. Gold Reach Resources is earning a 61% interest in Seel.

News February 21, 2005

Grayd, Gold Reach step out at Seel

Vancouver — A stepout drill hole at the Seel project in west-central British Columbia has intersected encouraging values of copper and gold for partners Grayd Resources (GYD-V) and…

News February 21, 2005

Ivanhoe sells Savage River mine

Vancouver — In keeping with its plan to divest itself of non-core assets, Ivanhoe Mines (IVN-T) has sold the Savage River iron ore mine in northwestern Tasmania….

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