2004

For $2.3 million in cash, Montreal-based junior Metanor Resources (MTO-V) has bought a 100% interest in the formerly producing Bachelor Lake gold mine in Quebec from miner Campbell Resources (CCH-T).

Goldcorp (g-t) has begun data compilation and surface sampling at Pele Mountain Resources‘ (gem-v) wholly owned Ardeen high-grade gold project, 110 km west of Thunder Bay, Ont.

The report period Sept. 22-28 saw the price of gold rise another US$3.20 to close at US$411.70 per oz. in the afternoon in London. In New York, oil prices rose above US$50 a barrel for the first time. The energy index was up 2% at 188.17 points. T…

On the heels of last week’s positive trading period, TSX Venture Exchange-listed companies continued to gain ground as the gold price climbed higher, owing to a weaker U.S. dollar. The S&P-TSX Venture Exchange index continued its climb from Sept.

Strateco (RSC-V) and partner GeoNova Explorations have intersected significant gold on their jointly held Discovery project, 45 km northwest of Lebel-sur-Quvillon, Que.

Drilling by Guinor Gold (GNR-T) at the Lero mine in eastern Guinea has encountered new zones of gold mineralization both below two existing pits and along strike from known resources.

Strenghtening gold prices, coupled with the release of excellent drill results from the Kupol project in Russia’s Far East, propelled shares in Bema Gold (BGO-T) more than 15% higher on Sept. 23 to $2.84.

Owing to lower-than-expected gold and silver production, Reno-based Metallic Ventures Gold (MVG-T) has suspended mining at its Esmeralda project in northwestern Nevada.