News

WGI eyes Sierra Rutile

Vancouver — WGI Heavy Minerals (WG-T) intends to acquire the world’s largest and highest-grade rutile deposit — the Sierra Rutile mine in Sierra Leone.


Ivanhoe hits high-grade at Monywa

Vancouver — Drilling by Ivanhoe Mines (IVN-T) in the Sabetaung pit floor at the Monywa project in Myanmar has intersected spectacularly high copper grades.


Canadian Stock Exchange Indices (August 16, 2004)


Gold glistens as oil boils

Surging oil prices and anemic job growth south of the border sent gold US$7.05 higher to US$399 per oz. during the Aug. 4-9 report period. Still, the Toronto Stock Exchange’s gold index only managed to edge 0.58 of a point higher to 185.28. The di…




Mano River’s Pampana yields more gold

Vancouver — Drilling at the Pampana project in Sierra Leone — a joint venture between Mano River Resources (MNO-V) and Golden Star Resources (GSC-T) — is returning impressive gold grades from beneath an art…


Minco drills Changkeng

Vancouver — Drilling by Minco Mining & Metals (MMM-T) at its Changkeng gold joint venture in southeastern China has confirmed the presence of precious metals.




Interest rate worries sink US boards

Downbeat economic news, high crude oil prices, and the expectation that the U.S. Federal Reserve would increase interest rates brought U.S. stock markets lower in the reporting period Aug. 4-9. The S&P 500 Index fell 34.47 points, or 3.1%, to 1,06…


An aerial view of the former Krezmar gold mine, now held by Patricia Mining.

Patricia revives Island Gold project

Dubreuilville, Ont. — High grades at Patricia Mining‘s (PAT-V) Island Gold property, northeast of Wawa, Ont., are raising hopes that the area could see production again.


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