NGEx Resources kicks off potash drill program
NGEx Resources (NGQ-T) has begun drilling its Bada potash project, about 150 km southeast of Asmara, the capital of Eritrea, and about 30 km inland from the port of Mersa Fatma on the Red Sea.
News
Soltoro makes headway in Jalisco
Junior explorer Soltoro (SOL-V), which is focused on finding bulk tonnage gold and silver deposits in southwestern Mexico, is making headway in Jalisco state where it defined a resource at its 100%-owned El Rayo primary silver project earlier…
Venture manages small gain in Aug.8-12 period
Vancouver – The market rollercoaster continued in the August 8 to 12 trading period for the S&P TSX Venture Exchange. The board plunged 129.21 points on the first day before climbing 135.07 points over the following four days to eek out a…
The TSX gains slightly, Aug. 8-12
The TSX Composite Index gained 3% during the Aug. 8-12 week to close up 380.03 points to 12,542.20 as investors digested mixed signals from the U.S.
Volatile U.S. stocks end higher, Aug. 8-12
It was one of the most volatile weeks in Wall Street history with the Dow Jones Industrial Average and the S&P 500 index swinging wildly between Monday and Wednesday before ending higher for two days in a row on Thursday and Friday. For the…
PNG’s Whittington looks to repeat Farallon success
Having dealt himself out of a job earlier this year, Dick Whittington now has his eyes firmly set on developing an advanced-stage underground gold project in Papua New Guinea.
Market shrugs for NovaGold’s Galore Creek PFS
NovaGold Resources (NG-T, NG-X) has released a new prefeasibility study (PFS) for its 50%-owned Galore Creek copper-gold project in northern B.C. nearly six years after completing it the first time around.
Cashed-up Century Iron exploring Quebec, Labrador
Backed by deep-pocketed investors, Century Iron Mines (FER-V) has launched as a new iron play in Quebec and the Labrador Trough.
Editorial: Hello, US$1,800 gold
August 5 was a day for the history books, as Standard and Poor’s lowered its rating on America’s long-term sovereign credit to “AA+” from “AAA” with a “negative outlook.” This is the first-ever downgrade of the U.S. debt by a major bond-rating…
Commentary: What you need to know about changes to NI 43-101
Canada is home to the majority of the world’s public mining companies and the majority of mining company financings are completed in Canada. As a result, Canada has one of the most developed regulatory systems for mining companies, and its…
People
Aberdeen International — George Faught resigned as CEO, but appointed as the vice-chairman and remains a director; David Stein appointed CEO.Altiplano Minerals — Charles Chebry resigned as president and CEO; John McCaffrey resigned…
Obituary: Scintrex founder Harry Seigel a giant of geophysics
Canadian mining has its “Greatest Generation” too, and lost one of its foremost members with the passing of geophysicist extraordinaire Harold O. Seigel on July 13 at North York General Hospital in Toronto.