News

Guyana Goldfields (GUY-T) is coming up with impressive assays as the drills turn on its Aurora property, 175 km west of Georgetown, Guyana. The program began a few months ago and has tested several zones.

Vancouver — Partners Teck Cominco (TEK-T) and Sumitomo Metal Mining have been given the approval to continue developing the Pogo gold project, 90 miles southeast of Fairbanks, Alaska.

Vancouver — Partners Committee Bay Resources (CBR-V) and Gold Fields (GFI-N) have completed the first three holes of this year’s drill program on the Committee Bay gold project, northeast of Baker Lake in Nun…

The rise in gold prices above US$350 per oz. in 2003 set in motion a wave of mine development projects around the world. However, in a recent report, gold analysts Barry Allen and Sheldon Yip of Toronto-based Research Capital warn that investors i…

Vancouver — Shareholders of Southwestern Resources (SWG-T) have approved a 2-for-1 share split.

Tres-Or Resources (TRS-V) and Adroit Resources (ADT-V) have received encouraging results from airborne surveys of their diamond properties in Ontario’s Temagami region.

Less stripping will mean higher production at less cost on BM Diamondcorp‘s (BDI-V) Cempaka property, 45 km from the coastal city of Banjarmasin in southeastern Kalimantan, Indonesia.

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…

The gold index of the Toronto Stock Exchange shed 2.48 points to end the June 2-8 report period at 198.26 points. The loss mirrored a drop of US$2.50 per oz. in the gold price, resulting in an afternoon fix of US$392.35 per oz. in London on June 8…

Vancouver — Disappointing results from a second phase of drilling on the Yellowjacket project near Atlin, B.C., are nonetheless shedding light on the nature of the gold mineralization.