New association to fight for land rights
Beginning with land-use planning in Ontario and then reaching out across the continent, the fledgling North American Mining Association (NAMA) has set out to co-ordinate the advocacy efforts of all se…
News
MINING MARKETS & INVESTMENT NEWS – INVESTMENT COMMENTARY — Yorkton initiates coverage of Millstream
The deep drilling program at Millstream Mines’ (MLSM-C) Potter mine represents “one of the most promising current base metal exploration projects in Canada,” writes John Kallaway, mining analyst for Y…
MOST ACTIVE ISSUES, May 20-26
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Lew drill holes return mixed results
Two follow-up drill holes by Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) at their Lew polymetallic property in the Flin Flon-Snow Lake volcanic belt in Manitoba have retur…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — TSE coasts as metal miners fall on weakened prices
The Toronto Stock Exchange 300 index lost 36.42 points over the May 20-26 report period, finishing the week at 7,625.96.The big news of the period was gold’s plunge to US$292.60 per oz. on the morning…
St Andrew hits high-grade mineralization
Junior St Andrew Goldfields (SAS-T) has completed a program of wedge drilling at its Taylor gold property in the Matheson area of northeastern Ontario.The program’s purpose was to test the continuity …
NovaGold extends Murray Brook zone
Junior NovaGold Resources (NRI-T) has drilled another five new holes at its Murray Brook polymetallic property in northern New Brunswick.Each hole was collared to test the down-plunge extension of a l…
AMF completes Idas purchase
Texas-based America Mineral Fields (AMZ-T) has completed its previously announced purchase of Idas Resources, a private company with a 50% interest in two large diamond concessions in Angola.The revis…
Canabrava drills for diamonds
Canabrava Diamond (CNB-V) is set to begin a first-phase drill program to test newly discovered kimberlites on the company’s Whitefish Lake property, 25 km northeast of Wawa, Ont.The property consists …
Diamonds recovered from Tuzo — Summer program planned for neighboring Doyle Lake project
The Tuzo kimberlite pipe on the AK property in the Northwest Territories has returned positive mini-bulk sampling results.De Beers Consolidated Mines (DBRS-Q) subsidiary Monopros recovered 108 carats …
FINANCINGS — New Claymore funds Buffalo Hills exploration
New Claymore Resources (NCS-V) has agreed to a brokered private placement of up to 1 million units at $1.60 each, for gross proceeds of up to $1.6 million.Each unit will consist of one common share an…
Rayrock Yellowknife wraps up takeover of Minera Rayrock
Rayrock Yellowknife Resources (RAY-T) has succeeded in its bid to take over affiliate Minera Rayrock (MRN-T).Rayrock, a Toronto-based gold and copper producer, had held a 37.5% interest (19.1 million …