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ESO Uranium project manager Garrett Ainsworth (left) with his father Ben, vice-president of exploration, at the Patterson Lake South uranium project in Saskatchewan. Photo by ESO Uranium

ESO Uranium digs into the Athabasca basin

Ben Ainsworth joined the board of Hathor Exploration in 2005 and served as vice-president of exploration during the junior’s development of its high-grade Roughrider uranium deposit in northern Saskatchewan’s Athabasca basin, about…



A worker splits core at Avanti Mining's Kitsault molybdenum project in northern British Columbia. Photo by Avanti Mining

Avanti secures $640M financing for Kitsault

Avanti Mining (AVT-V) has secured a much-needed major financing for its Kitsault molybdenum mine in northern B.C., with five lenders agreeing to provide up to $640 million in loans.



Centerra chops Kumtor’s output for 2012

Centerra Gold (CG-T) recently saw its shares plunge 15% after cutting its production forecast for the Kumtor gold mine owing to increased ice movement in the southeast section of the pit, which will restrict access to high-grade ore.



Canada Lithium slides on $30M financing

Canada Lithium (CLQ-T) saw its share price deflate after saying it will raise $30 million in equity to finish building and commissioning the Quebec Lithium project near Val d’Or, Que., by year-end.



B2 Gold shows faith in Calibre

B2Gold (BTO-T) will help to finance Calibre Mining’s (CXB-V) exploration activities in Nicaragua by purchasing 20 million Calibre units for $5 million in cash.


Sunridge unveils Asmara North hybrid mine plan

VANCOUVER — Vancouver-based junior Sunridge Gold (SGC-V) successfully merged four-polymetallic deposits at its Asmara North project in Eritrea, Africa, into a centralized-mill mine model for a feasibility study, it released in early…


Bolero jumps on graphite trend

VANCOUVER — Proving there is still healthy demand for new graphite plays, new entrant Bolero Resources’ (BRU-V) share price nearly doubled after announcing it had secured some prospective graphite claims in northern Ontario.


Altan Rio sees potential in Mongolia

VANCOUVER — Having assembled a collection of greenfield copper-gold prospects in Mongolia’s western frontier, Vancouver-based explorer Altan Rio Minerals (AMO-V) is aiming to take the next step forward with a US$2-million drilling…


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