EXCHANGE RATES (January 10, 2011)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)Date Jan 3 Dec 31 Dec 30 Dec 29 Dec 28US$ in C$ N/A …
2011
Ogden looks golden to Metals Creek
More significant results from the drill at the Ogden gold project in Timmins, Ont., had Metals Creek Resources (mek-v) climbing higher. The results came out of the company’s ongoing 2,500-metre drill program and included a highlight intercept…
Energizer ups Green Giant
With vanadium demand increasing for new battery technologies, London’s Objective Capital Research says Energizer Resources (egz-v) and its Green Giant vanadium project in Madagascar is undervalued.Objective Capital, which states in its 40-page…
Newmont ups stake in Loncor
Loncor Resources (ln-v) is $6.8 million richer after Newmont Mining (nmc-t, nem-n) exercised some 2 million in-the-money warrants worth $2.9 million and took down a non-brokered $3.9-million private placement.Newmont Mining boosted its…
Minera Andes pegs Los Azules’ NPV at US$2.9B
Vancouver – Metal prices can make or break a project, and in the case of Minera Andes’ (mai-t) Los Azules copper project in Argentina, a stronger copper price has dramatically increased the potential mine’s value.An updated preliminary economic…
Hana grows Banana resource ahead of PEA
An updated estimate has increased the copper-silver resource at the Ghanzi project in Botswana by more than 40% for Hana Mining (hmg-v), providing a solid foundation for a preliminary economic assessment (PEA) due out in February.The new…
NSGold to revive Nova Scotia gold camp
Newly listed NSGold (nsx-v) is determined to make a name for itself in the historic gold camps of Nova Scotia.The junior recently wrapped up a $750,000-exploration drilling campaign on the Mooseland gold project, 110 km by paved highway…
Positive study for Canada Lithium
Canada’s most advanced lithium project took a big step closer to production in mid-December when Canada Lithium (clq-t) produced a positive feasibility study for its Quebec Lithium project near Val d’Or, Que. The study found the deposit at…
Western Areas to mine underground at Spotted Quoll
After starting nickel production last April at the Tim King open-pit mine, part of Western Areas’ (wsa-t, wsa-a) Spotted Quoll deposit about 400 km east of Perth, the company has decided to mine underground, too. The nickel sulphide explorer…
NovaGold makes run at Copper Canyon partner (January 10, 2011)
Just days before Christmas, NovaGold Resources (ng-t, ng-x) has surprised Copper Canyon Resources (cpy-v) by announcing plans to make an unsolicited takeover bid for the company and its 40% interest in the Copper Canyon copper-gold project in…
Creston boosts NPV at El Creston (January 10, 2011)
Creston boosts NPV at El CrestonVancouver – A year of drilling and metallurgical work has given Creston Moly (cms-v) a big bump in the net present value (NPV) for its El Creston molybdenum deposit in Mexico.The new preliminary economic…
Mirasol jumps on strong silver intercepts
The first seven holes into Mirasol Resources’ (mrz-v) grassroots Virginia silver project in Argentina returned enough silver to add 22% to the company’s share price in a day.Mirasol is working through a 28-hole drill program at Virginia, the…