Goldsource falls on stepout results
VANCOUVER — After gaining 6,000% in two months, Goldsource Mines (GXS-V, GXSFF-O) just got its first reality check. The company’s share price plummeted on news that the first two exploration holes dr…
Articles by Northern Miner Staff
Aurelian stands firm in Ecuador
While uncertainty continues to swirl around foreign mining investment in Ecuador, the former darling of the junior gold mining circuit, Aurelian Resources (ARU-T, AUREF-O), is pushing ahead with plans…
Franconia updates Birch Lake resource
VANCOUVER– Franconia Minerals (FRA-T, FRALF-O) has doubled its resource estimate for the Main zone at its Birch Lake copper-nickel- platinum group metals deposit, about 11 km northeast of Babbitt, in…
Yankee Hat brings copper into the fold (July 28, 2008)
VANCOUVER– Yankee Hat Minerals (KHT-V, YKHTF-O) isn’t doodling at its Lobo del Norte site, 20 km southwest of Whitehorse, Yukon. It only optioned the project from Lobo del Norte Exploration in April,…
More coloured diamonds unearthed at Mori JV
Believed to be the first time rare coloured diamonds have been found in such great numbers in Ontario, more than half of the 5,216 diamonds recovered at the Mori joint-venture property near Wawa, Ont….
Canada Nickel to option ‘Ring of Fire’ property from Diamondex
Privately held Canada Nickel Corp. has signed an option agreement with Diamondex Resources (DSP-V, DMDXF-O) to earn up to a 51% interest in the James Bay lowlands nickel project, in northern Ontario.
INTERNATIONAL QUOTES (July 28, 2008)
Australia (A$) July 22 July 14 Change Bendigo Mining 0.28 0.28 0.00 Centamin Egypt 1.15 1.06 0.09 Kingsgate Cons. 6.04 4.90 1.14 Lion Selection Ltd 1.62 1.65 -0.03 Ne…
EXCHANGE RATES (July 28, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date July 21 July 18 July 17 July 16 July 15 US$ in C$ 1.0021 1.0053 1.0016 1.0017 1.0020 C$ in US$ 0.9979 0.9947 0.9984 0.9983 0…
LENDING RATES (July 28, 2008)
as of 9 a. m. ET, July 22, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime …
Good intercepts, delayed start-up for Equinox
Vancouver – It’s been an up-and-down summer for Equinox Minerals (EQN-T) as it tries to get its Lumwana copper proj…
A million oz. gold and counting for Wesdome
Picking up a gold dor bar doesn’t look that hard but 961.5 troy oz. of gold nearly 30 kg all compacted into on…
Small, rich resource for Avino (July 25, 2008)
Vancouver – A solid resource estimate for one vein near the historic Avino mine is bolstering hopes that Avino Silv…