gold Stocks (GDX) Dip, Goldcorp’s CEO Weighs In

Gold stocks dipped Wednesday as the Market Vectors Gold Miners ETF (GDX) fell 0.2% to $62.87 per share.  The modest drop sell-off in gold stocks and the GDX was fueled by a decline in gold futures, which retreated $3.40 to $1,826.40 per ounce.  The S&P/TSX Global Gold Index, Canada’s leading basket of gold stocks, slid 0.3% alongside the GDX.
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Crocodile Gold Expands Exploration Targets in Australia

Crocodile Gold (CRK.TSX) announced that a major airborne geophysical survey consisting of more than 4,000 line kilometers over priority prospective areas in the Northern Territory of Australia has been completed on schedule.  The airborne survey used Geotech’s VTEM helicopter-borne system to scan Crocodile Gold’s extensive tenements in the area.

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Aurizon Hits High Grade Gold at Fayolle

Aurizon Mines (ARZ.TSX, AMEX: AZK) announced a new series of drill results from the ongoing infill drilling program on the Fayolle project.  Fayolle is located 20 kilometers north-east of Rouyn-Noranda, Quebec and 10km north of Aurizon’s Joanna project.   The targeted area is located along the Manneville Structural Zone, an extension of the Destor-Porcupine fault zone.
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