Client News Release
Orezone Third Quarter Update (Marketwire) and Palazzo Verdi office building opens (at bizjournals.com)
City of Industry, CA --(www.FinancialNewsUSA.com)-- 11/19/2008 - Gold industry news provided by Financial News USA (OTC: FNWU). OTTAWA, ONTARIO--(MARKET WIRE)--Nov 14, 2008 -- Orezone Resources Inc. (AMEX: OZN) announces that its financial statements and Management's Discussion and Analysis for the three and nine month periods ended September 30, 2008 have been filed on Sedar. Essakane Project DevelpmentDuring the third quarter engineering, design and planning for construction of the Essakane mine continued. The first deliveries of mining and earth moving equipment arrived and are being used for earthworks relating to building themine infrastructure. Permanent access roads between the mine village, mine plant and mill site were completed. Detailed engineering for the mine village was completed and construction is underway. [Read the full article]
The $56 million, 15-story building already is 100 percent leased by systems integration consultant Ciber Inc. (NYSE: CBR) and gold-mining company Newmont Mining Corp. (NYSE: NEM), and both hope to move into their new space by year-end. Newmont, whose headquarters currently is located in Wells Fargo Center at 1700 Lincoln St. in downtown Denver, leased 166,000 square feet at Palazzo Verdi, and Ciber leased 70,000 square feet. Ciber's current main office already is in Greenwood Village at 5251 DTC Parkway. Roughly 300,000 square feet of the 422,000-square-foot building is office space. The building also houses The Madden Museum of Art and the Mangia Bevi Cafe restaurant. Palazzo Verdi, located at 6401 S. Fiddler's Green Circle, was built and is owned by veteran Denver-area developer John Madden of the Greenwood Village-based John Madden Co. Kiewit Building Group Inc. was the general contractor, starting construction in 2007. [Read the full article]
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 17, 2008 --
Drill Highlights include: MK-RC-0064 - 161.5 metres @ 1.31 g/t Gold
MK-RC-0071 - 164.6 metres @ 1.54 g/t Gold
MK-RC-0095 - 48.8 metres @ 1.67 g/t Gold
MK-08-31 - 27.3 metres @ 4.83 g/t Gold
International Tower Hill Mines Ltd. ("ITH" or the "Company") (NYSE: THM) is pleased to announce the latest drill results from its 2008 resource expansion program at its bulk tonnage Livengood gold project near Fairbanks, Alaska (see Table 1). The exemplary results extend the higher grade Core Zone an additional 300 metres to the south of the southernmost holes used in the mid-year resource update announced October 29, 2008.The new assays, along with early geochemical arsenic 'gold-pathfinder' results, indicate the Money Knob Deposit at Livengood is expanding rapidly and remains open. [Read the full article]
First, in early March, the "yellow metal" hit its all-time high of $1,030 an ounce. Just three months later, the price of gold for December delivery had plummeted to $681 an ounce, a 21-month low and 33.9% drop from its record high. Most gold bugs were equal parts puzzled and brokenhearted. The world's stock markets tanked, as did some of its biggest economies. In such an environment, they thought, gold should have risen. After all, gold is widely considered to be a safe-haven investment when everything else is spiraling south. However, Money Morning Contributing Editor Martin Hutchinson understood perfectly what other investors did not. "Gold is not a safe haven against recession," said Hutchinson. "It's a safe haven against inflation." In the past year, commodities prices skyrocketed - across the board. That was especially true of oil, which hit a record high $147 a barrel. [Read the full article]
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