Volume 97 Number 50 Jan 30 - Feb 5, 2012

Lupaka ups its ownership in Crucero

Lupaka Gold (LPK-T) now indirectly owns 100% of the Crucero gold project in southeastern Peru, after buying the remaining 40% stake of a subsidiary that held the deposit for US$9.2 million in cash and stock.

The exploration camp at Pretium Resources' Brucejack gold-silver project in northwestern British Columbia. Photo by Pretium Resources

Credit crunch no problem for Quartermain’s Pretium

Robert Quartermain’s Pretium Resources (PVG-T, PVG-N) has started the new year with a bang, announcing plans on Jan. 19 to raise $18.5-million in flow-through funds at $18.50 a share. The bought-deal financing led by Salman Partners represents…

Quadra FNX ups Victoria resource

Infill drilling at Quadra FNX Mining’s (QUX-T) polymetallic Victoria project in Sudbury, Ont., has increased inferred resource tonnage by 16% and raised by 32%, 26% and 4% its contained nickel, copper and total precious metals, respectively,…

Core boxes at the Caspiche project in northern Chile's Maricunga gold district. Credit: Exeter Resource.

Exeter completes prefeasibility on Caspiche

The Caspiche gold-copper project in northern Chile’s Maricunga gold district has a US$2.8-billion pre-tax net present value at a 5% discount rate and a pre-tax internal rate of return of 11.5%, according to Exeter Resource’s (XRC-T, XRA-X) new…

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