Volume 101 Number 11 Apr 27 - May 3, 2015

A drill site at Foran Mining's McIlvenna Bay zinc-copper-gold-silver project in Saskatchewan's Hanson Lake camp.   Credit: Foran Mining

Foran finds promising results at the Hanson Lake camp

Foran Mining (TSXV: FOM; US-OTC: FMCXF) has wrapped up the first round of drilling this year on two deposits near its flagship McIlvenna Bay project in Saskatchewan’s Hanson Lake camp, to see if it could delineate more resources near the…

Peregine Diamonds and Diamexstrat Botswana personnel in the field in Botswana, from left: Mike Shaw, Gerard de La Valle Poussin, Tom Peregoodoff, Herman Grtter and Barry Bayly.  Photo by Andr Fourie.

Peregrine Diamonds teams up with old Africa hands in Botswana

In its first meaningful venture in diamond exploration outside of North America, Peregrine Diamonds (TSX: PGD) expects to drill kimberlite targets in Botswana before year-end, thanks to the wisdom of three exploration geologists whose previous…

Workers at a drill site in the Artavasdes zone, part of Lydian International's Amulsar gold project in Armenia. Credit: Lydian International

New Armenian legislation is a plus for Lydian

Lydian International (TSX: LYD; US-OTC: LYDIF) says new mine ramp gradients will help it save up to $100 million in operating costs, and trim total cash costs to US$600 per oz. from US$642 per oz. at its Amulsar gold project in southern Armenia.

TSX retreats, April 13-17

Canada’s benchmark index fell on renewed concern over Greece’s debt and China’s new trading regulations. The S&P/TSX Composite Index slipped 28 points, or 0.2%, to 15,360.55, while the S&P/TSX Capped Diversified Metals…

QMX Gold's past-producing Snow Lake gold mine in Manitoba, which Hudbay Minerals has agreed to buy for $12.3 million in cash and a conditional $5-million payment.   Credit: QMX Gold

Hudbay picks up QMX Gold’s Snow Lake mine

The opportunity to acquire the past-producing Snow Lake gold mine and mill in Manitoba from financially strapped QMX Gold (TSXV: QMX) emerged a couple of months ago, Hudbay Minerals (TSX: HBM; NYSE: HBM) has confirmed, but says “there is…

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