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CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
2011
North Country Gold extends Three Bluffs’ strike
Highlights from drilling at North Country Gold’s (NCG-V) Three Bluffs west zone in Nunavut include intercepts of 7.34 grams gold over 25 metres in hole 11TB104, 8.06 grams gold over 30 metres in hole 11TBC001, and 43.02 grams gold over 4 metres…
Silver Quest to raise $12M for BC, Yukon exploration
With exploration programs ongoing at three properties near New Gold’s (NGD-T) multimillion-ounce Blackwater gold project in north-central B.C., and at 17 properties near Kinross Gold’s (K-T, KGC-N) White Gold deposit in the Yukon, Silver Quest…
Commerce pulls long REE intercept from Ashram
Commerce Resources (CCE-V) has pulled the longest intercept to date at its Eldor rare earth element (REE) project in Quebec’s Ungava region.
Iamgold completes sale of Tarkwa and Damang stake
Flush with US$667 million in cash from the sale of its 18.9% stake in the Tarkwa and Damang projects in Ghana to Gold Fields (GFI-N), Iamgold (IMG-T, IAG-N) could be on the lookout for other acquisitions in West Africa, Canaccord Wealth…
Geomega shares jump on strong drill results
Geomega Resources (GMA-V) set the pace for miners on the Venture Exchange on June 22.
Baja Mining’s Boleo worth the wait
John Greenslade is probably one of the most tenacious – and brilliant – chief executives in the junior mining world.
Gabriel receives key permit for Rosia Montana
Vancouver – Gabriel Resources’ (BGU-T) much delayed Rosia Montana gold-silver project has been issued an archaeological discharge certificate, a key permit needed to move ahead with construction.
Shore says Saskatchewan diamond project feasible
Vancouver – Shore Gold (SGF-T) has set out the details of its ambitious diamond project in Saskatchewan with a full feasibility study.
Barclays Capital weighs in on base metals
Commodities research analysts at Barclays Capital believe lead prices will move higher in the second half of this year, are most bullish on copper and tin next year, and have revised their 2012 price forecasts lower for nickel and zinc.
Glencore increases its bet on PolyMet
Glencore International (GLEN-L) is betting that PolyMet Mining’s (POM-T, PLM-X) NorthMet project in Minnesota has the stuff that profitable mines are made of. The giant metal trader and miner closed the latest round of a private placement that…
Mega Precious Metals working to prove Red Lake theories
Vancouver – Mega Precious Metals (MGP-V) has released another round of gold hits from its North Madsen project as it works to establish an open-pitable resource near Red Lake.