Volume 99 Number 23 Jul 22 - 28, 2013

The exploration camp at Gold Reach Resources' Ootsa gold project in northwest British Columbia. Source: Gold Reach Resources

Gold Reach advances Ootsa on all fronts

VANCOUVER — The first half of 2013 has been a busy time for Gold Reach Resources (TSXV: GRV) at its Ootsa property in B.C. Since January the company has updated the resource estimates for the pro­ject’s two deposits, shown that…

Mercator lowers Mineral Park’s copper-moly reserves

Mercator Minerals (TSX: ML; US-OTC: MLKKF) has updated the resource and reserve estimate for its Mineral Park copper-molybdenum mine in Arizona, noting that while reserves have decreased, the open-pit operation still has a promising life ahead.

The surface at Aurcana's Shafter silver mine in Presidio County, Texas, 375 km southeast of El Paso. Source: Aurcana

Aurcana shares pop on Red Kite loan proposal

VANCOUVER — Shareholders of Vancouver-based silver producer Aurcana (TSXV: AUN; US-OTC: AUNFF) received some good news at the end of June, as the company released details of a terms sheet from U.K.-based metal merchant RK Mine Finance…

A drill rig at Banks Island Gold's Yellow Giant gold project in British Columbia's northwest coast. Source: Banks Island Gold

Banks Island set to mine gold in BC

VANCOUVER — Drilling at Banks Island Gold’s (TSXV: BOZ) Yellow Giant high-grade gold project in coastal B.C. is hitting gold along strike and beneath known mineralization, creating potential for a larger resource just as the company…

Firestone Ventures' Torlon Hill zinc-lead-silver project in west-central Guatemala. Credit: Firestone Ventures .

Guatemala to ban new mining, exploration licences

Guatemala’s president Otto Perez Molina plans to place a two-year moratorium on issuing new mining and exploration licences, giving the nation time to reform its mining law, says Tahoe Resources (TSX: THO; NYSE: TAHO).

Geologists survey the Escanelosa Zone of the Las Tres Palmas project in the Dominican Republic (2012). Source: Goldquest Mining

Long gold hits for GoldQuest in DR

VANCOUVER — Every batch of drill results from the Romero gold discovery at GoldQuest Mining’s (TSXV: GQC) Las Tres Palmas project in the Dominican Republic adds to a growing list of impressive intercepts. The latest batch was no…

For Oceanic, it’s steady as she goes

Oceanic Iron Ore (TSXV: FEO; US-OTC: FEOVF) may be a junior trying to develop a costly iron ore project in remote northern Quebec during hard financial times, but over the last year management has come closer to tying up a deal with a potential…

Alamos bids $69M for Esperanza Resources

VANCOUVER — Toronto-based producer Alamos Gold (TSX: AGI; NYSE: AGI) looks to have finally nailed down an acquisition in the form of junior explorer Esperanza Resources (TSXV: EPZ) and its wholly owned Esperanza gold-silver project…

U.S. markets, July 8-12

U.S. stocks closed the trading week in the green, with the Dow Jones Industrial Average adding 2.2%, or 328.46 points, to 15,464.30. The S&P 500 Index rose nearly 3%, or 48.3 points, to 1,680.19, and the Philadelphia Gold & Silver Index…

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