News

SouthernEra Resources (SUF-T) has been awarded 41 diamond exploration permits covering 13,000 sq. km in the Democratic Republic of Congo (DRC).

Toronto-based African Gold Group (AGG-V) has kicked off a 10,000-metre program of diamond drilling as part of a US$2.4-million first round of exploration at its 108-sq.-km Mankranho concession in Ghana.

Insider trading transactions reported in May 2004 Ontario Securities Commission Bulletin include the following:…

Vancouver — An agreement with several Chinese agencies gives Minco Mining & Metals (MMM-T) the right to earn up to a 51% interest in the Changkeng gold deposit in Guandong province.

Reverse-circulation drilling by Golden Star Resources (GSC-T) at the Mininko property in southern Mali has proved mineralization at depth below known surface gold occurrences.

Drilling is ongoing at the Norman 2000 and Norman North copper-nickel deposits in the Sudbury area of Ontario, where FNX Mining (FNX-T) and Dynatec (DY-T) are preparing to begin feasibility work.

High River Gold (HRG-T) incurred a $17 million loss for 2003, most ($14 million) of which is attributed to a writedown on the company’s share of the New Britannia mine in Manitoba. The mine is slated for closure later this year.

Costs at Eldorado Gold‘s (ELD-T) Kisladag project in western Turkey are being hampered by the effects of value-added tax (VAT).

Bulk sampling of the Tarale 1000 and Tarale 11 structures on Sur American Gold‘s (SUR-V) Comval gold project is returning higher grades as underground development advances. The latest sampling brings to five the number of “bonan…

Vancouver — Anaconda Gold (ANX-V) has intersected high-grade gold mineralization at the Damoti Lake project, 200 km north of Yellowknife, N.W.T.