Canarc withdraws from buying Relief Canyon
Following a due diligence review of Firstgold’s bankrupt Relief Canyon gold mine in Nevada, Canarc Resource (ccm-t) has decided not to proceed with a US$11-million acquisition.
United States
Pebble PEA makes a big splash (February 28, 2011)
Vancouver – February was a busy month for Northern Dynasty Minerals (NDM-T, NAK-X) and Anglo American (AAL-L) at their gigantic Pebble copper-gold-molybdenum project in southwest Alaska, said by many to be one of the largest undeveloped…
Midway positions Pan for production
Using the Pan gold project in Nevada as a springboard, Midway Gold’s (MDW-V, MDW-X) president and chief operating officer Kenneth Brunk is intent on transforming the company into a producer.
Curis reviving Florence ISL copper project
There isn’t much to see at Curis Resources’ (CUV-V) Florence copper project, consisting mostly of flat empty farmland, but that’s the idea.
Positive economics for Romarco’s Haile
Just three years after acquiring the Haile deposit in South Carolina, Romarco Minerals (R-T) has completed a positive feasibility study that demonstrates the project would have one of the lowest operating costs and highest grades of any…
US budget folly
U.S. politics veered into the surreal in mid-February, as U.S. President Barack Obama unveiled a deficit-laden, US$3.73-trillion budget proposal for fiscal 2012 that completely ducks the critical issue of unsustainable spending by the U.S….
Entre Gold starts strong at Ann Mason
Entrée Gold’s (ETG-T, EGI-X) first diamond drill hole at its 100%-owned Ann Mason porphyry copper-molybdenum deposit in western Nevada’s Yerington district returned 988 metres of copper mineralization in what Greg Crowe, the…
Paramount finds more gold in waste dumps
The Sleeper gold mine in Nevada operated as a high-grade open pit from 1986 to 1996, and according to operations reports by its then-owner, Amax Gold, about 54 million tonnes of waste were cast off in dumps over the mine life.
Editorial: US budget folly to extend commodities boom
U.S. politics veered into the surreal this week, as U.S. President Barack Obama unveiled a deficit-laden, US$3.73-trillion budget proposal for fiscal 2012 that completely ducks the critical issue of unsustainable spending by the U.S. government…
Entree Gold is “sitting pretty”
Entrée Gold (ETG-T, EGI-X) is “strongly undervalued” given the potential for it to sell its Mongolian assets to Ivanhoe Mines (IVN-T, IVN-N) or Rio Tinto (RTP-N, RIO-L), Christopher Ecclestone of Hallgarten & Co. argues in a…
More gold in new and old places for Klondex
Klondex Mines (KDX-T) continues to find new mineralized zones at its Fire Creek property in North Central Nevada The company says it has found a new high-grade vein 150 metres south of the southern end of the Far North resource as an RC drill…
U.S. stocks rise after Egypt’s Mubarak steps down in Feb. 7-11 period
Increasing consumer confidence led to a second straight weekly advance for U.S. stocks. Oil prices fell on news that Egyptian President Hosni Mubarak finally resigned and handed power over to the military, removing some of the uncertainty and…