1. AngloGold has been particularly keen to diversify away from South Africa, where gold deposits lie deep under ground and require costly and dangerous procedures to extract. 2. Bema Gold Corp. said an independent study confirms its Cerro Casale gold deposit in northern Chile is viable to mine. 3. All the complaints allege Bre-X made false statements regarding the size and nature of the Busang gold deposit. 4. Crystallex International Corp. filed a final appeal Wednesday with the Venezuelan Supreme Court, asserting its claims to gold deposits at the Las Cristinas mine. 5. GOLD PRICES INCREASE Gold prices rose in trading in New York after the announcement that the gold deposit at a project in Indonesia may be smaller than originally estimated. 6. Gold shares were hurt by concern that Bre-X Minerals Ltd. may have over-estimated the value of its Busang gold deposit in Indonesia. 7. Gold shares were hurt by concern that Bre-X Minerals Ltd. may have over-stated the value of its Busang gold deposit in Indonesia. 8. If true, it would be the largest gold deposit ever discovered. 9. In other regions, like Australia, gold deposits lie closer to the surface and are easier to get at. 10. In fire assay, however, only small samples were- used and the coarse or uneven nature of the gold deposit meant that results varied widely. |
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