Placer’s Cristinas deal stirs up controversy
Although trading volumes were low during the holiday-shortened report period of Aug. 1-7, there were nonetheless several developments in the Canadian mining scene.Reuters reported that Venezuelan stat…
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Mining index leads rally for CDNX
Trading on Canada’s junior exchange perked up during the holiday-shortened week. The Canadian Venture Exchange composite index closed the period ended Aug. 7 at 3098.27, up 35.26 points (or 1.1%). The…
Twin cuts pipe at Jackson Inlet
Drilling on the Jackson Inlet property at Baffin Island in Nunavut has uncovered a kimberlite known as Cargo 1.Twin Mining (TWG-T) recovered 83.2 metres of kimberlite from the first hole drilled into …
Ivanhoe accelerates Mongolian exploration
Impressed by results to date, Ivanhoe Mines (IVN-T) has decided to drill another 16,000 metres at its Turquoise Hill copper-gold porphyry project in southern Mongolia.Situated 560 km south of the capi…
Star falls at Black Lick
After processing 2,2021 tons of lamproite material, Star Resources (SRR-V) recovered only 0.38 carat of diamonds from the Black Lick prospect in Pike Cty., Ark.The bulk-sample, which captured only dia…
Freewest inks deal with Fancamp Exploration
Montreal-based junior Freewest Resources Canada (FWR-M) is expanding its area of interest around the Clarence Stream high-grade gold discovery in southwestern New Brunswick.The company has entered int…
Wolfden tests High Lake
Drilling by Wolfden Resources (YWO-V) has intersected additional deep mineralization in the middle portion of the High Lake massive sulphide deposit in Nunavut, some 45 km from tide water on the Arcti…
BC gov’t rolls out exploration incentive
The newly elected British Columbia government has rolled out several incentives to boost mineral exploration and mining in the province, the most significant being a 20% flow-through share tax credit….
Global capital flows
A striking feature of international capital flows during the past year was the dominant position of the United States as a recipient of flows, according to a report by the International Monetary Fund …
Niocan raises funds
Junior Niocan (NIO-T) is raising a minimum of $1.3 million via a private placement, with proceeds earmarked for work at the Oka niobium project, west of Montreal, Que.Privately held investment company…
Dundee boosts stake in Major Drilling
Investment firm Dundee Precious Metals (DPM-T) has acquired 300,000 shares of Moncton, N.B.-based Major Drilling Group International (MDI-T) at $3.76 per share. As a result, Dundee nows holds an 11.8%…
Tri Origin starts program Rex changes accounting policy
Tri Origin Exploration (TOE-V) is testing the Kazan copper-gold project 70 km south of Baker Lake in Nunavut, for its potential to host copper-gold deposits similar to Australia’s famous Olympic Dam m…