Volume 99 Number 23 Jul 22 - 28, 2013

Mercator lowers Mineral Park’s copper-moly reserves

Mercator Minerals (TSX: ML; US-OTC: MLKKF) has updated the resource and reserve estimate for its Mineral Park copper-molybdenum mine in Arizona, noting that while reserves have decreased, the open-pit operation still has a promising life ahead.

A drill rig at Banks Island Gold's Yellow Giant gold project in British Columbia's northwest coast. Source: Banks Island Gold

Banks Island set to mine gold in BC

VANCOUVER — Drilling at Banks Island Gold’s (TSXV: BOZ) Yellow Giant high-grade gold project in coastal B.C. is hitting gold along strike and beneath known mineralization, creating potential for a larger resource just as the company…

Geologists survey the Escanelosa Zone of the Las Tres Palmas project in the Dominican Republic (2012). Source: Goldquest Mining

Long gold hits for GoldQuest in DR

VANCOUVER — Every batch of drill results from the Romero gold discovery at GoldQuest Mining’s (TSXV: GQC) Las Tres Palmas project in the Dominican Republic adds to a growing list of impressive intercepts. The latest batch was no…

For Oceanic, it’s steady as she goes

Oceanic Iron Ore (TSXV: FEO; US-OTC: FEOVF) may be a junior trying to develop a costly iron ore project in remote northern Quebec during hard financial times, but over the last year management has come closer to tying up a deal with a potential…

U.S. markets, July 8-12

U.S. stocks closed the trading week in the green, with the Dow Jones Industrial Average adding 2.2%, or 328.46 points, to 15,464.30. The S&P 500 Index rose nearly 3%, or 48.3 points, to 1,680.19, and the Philadelphia Gold & Silver Index…

Toronto Stock Exchange, July 8-12

The S&P/TSX Composite Index beat back the summer doldrums with a 274-point gain, rising to 12,462.18 for the period. The positive momentum came largely on the back of gains in the commodity sector, as oil and metal prices climbed higher.

The exploration camp at Gold Reach Resources' Ootsa gold project in northwest British Columbia. Source: Gold Reach Resources

Gold Reach advances Ootsa on all fronts

VANCOUVER — The first half of 2013 has been a busy time for Gold Reach Resources (TSXV: GRV) at its Ootsa property in B.C. Since January the company has updated the resource estimates for the pro­ject’s two deposits, shown that…

TSX Venture Exchange, July 8-12

The S&P/TSX Venture Composite Index jumped 1.6%, or 14.15 points, en route to an 898.42-point weekly close. Markets were driven near monthly highs following comments from U.S. Federal Reserve Chairman Ben Bernanke, while commodity prices…

The surface at Aurcana's Shafter silver mine in Presidio County, Texas, 375 km southeast of El Paso. Source: Aurcana

Aurcana shares pop on Red Kite loan proposal

VANCOUVER — Shareholders of Vancouver-based silver producer Aurcana (TSXV: AUN; US-OTC: AUNFF) received some good news at the end of June, as the company released details of a terms sheet from U.K.-based metal merchant RK Mine Finance…

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