Allana Potash updates resource estimate in Ethiopia
An updated resource estimate based on just 40% of Allana Potash’s (AAA-V, ALLRF-O) licenced land in Ethiopia is better than the company had initially expected.
News
Market downturn hits juniors looking for capital
A faltering U.S. economic recovery, a potential economic cool down in China caused by inflationary pressures and a Greek debt crisis that simply refuses to go away have all translated into a tough start to the year for the junior resource…
High grades lift Claude
A high-grade intercept at the Seabee gold project in Saskatchewan lifted shares of Claude Resources (CRJ-T, CGR-X), on a day that the yellow metal itself was climbing high.
Two workers killed at Vale’s Stobie mine in Sudbury
The two workers killed June 8 from falling debris at Vale’s (VALE-N) Stobie underground mine in Sudbury, Ont., had worked for the company for many years. Jason Chenier, 35, and Jordan Fram, 26, were working 900 metres underground near an ore…
Orezone Gold drilling boosts Bombore’s size, gold grades
Infill drilling at Bombore, the largest undeveloped gold project in Burkina Faso, has yielded positive results with grades about 65% higher than the resource model, Orezone Gold (ORE-T) reports.
Santa Cruz gov’t approves Extorre’s EIA for Cerro Moro
The provincial government of Santa Cruz in southern Argentina has approved the environmental impact assessment of the proposed Cerro Moro gold-silver mine, Extorre Gold Mines (XG-T, XG-X) reports, and the results of a prefeasibility study are…
Exploration heats up in White Gold district
As the Yukon emerges from the spring melt, investors are once again looking to the territory for exciting news after a winter lull.
Orbite produces first test aluminum
Shares in Exploration Orbite (ORT.A-V) have had a wild ride over the last year – moving from a low of 12.5¢ a share in July 2010, to a high of $5.69 on April 12, before slipping to the $3 range during the recent market slowdown.
People
Alderon Resource – Todd Burlingame appointed executive VP of environment & aboriginal affairs; Gary Norris appointed executive VP of government & community affairs.
Rio Novo Gold buys Toldafria in Colombia
After being lured away from a 25-year career in investment banking to take the helm of Rio Novo Gold (RN-T) and its two advanced-stage gold projects in Brazil, David Beatty was eager to find other equally promising gold projects in South…
Harry Winston to source polished diamond fund
Harry Winston Diamond (HW-T, HWD-N) has reached an exclusive agreement to source diamonds for a polished diamond investment fund to be set up by Zurich-based Diamond Asset Advisors.
Sabina to sell Hackett, turns to gold for growth
Nunavut-focused junior explorer Sabina Gold & Silver (SBB-T) is selling its 100%-owned Hackett River silver-zinc project, located near Bathurst Inlet in northern Nunavut, to Swiss mining powerhouse Xstrata (XTA-L).