Editorial: Humula win unsettles miners
It was one of those weeks when miners check the political sections of their newspapers and websites before the business news.
News
Champion Minerals discovers new iron zone at Lac Moire (June 13, 2011)
The first five drill holes at the Lac Moire iron ore project in northeastern Quebec have identified significant new iron mineralization, and Champion Minerals (chm-t) has increased its drill program there to 7,000 metres.
Commentary: The game is changing for global miners
When the world asks mining companies to jump, they say how high. Thanks to ever-growing emerging market demand and steadily rising commodity prices, the financial prowess of the world’s largest mining companies seems to know no bounds.
Caldera focuses on Marjan in Armenia (June 13, 2011)
Montreal-based Caldera Resources (CDR-V) has a busy season ahead of it at the Marjan gold-silver project in Armenia, as it confirms and upgrades the project’s historical resources.
Facts ‘n’ figures: Gold demand healthy in Q1
The following is an edited excerpt from The World Gold Council’s summary of its report, Gold Demand Trends Q1 2011. The full report can be found at www.gold.org.
Peruvian mining stocks plunge after leftist Humala wins presidency
Peruvian-focused mining stocks took a nosedive this June after left-wing populist candidate Ollanta Humala narrowly won Peru’s presidential electoral run-off held on June 5. With 99% of the ballots counted, Humala captured 51.5% of the…
Hathor doubles size of Roughrider deposit
The first resource estimate for the East Zone of the Roughrider uranium deposit in Saskatchewan’s Athabasca Basin doubles the overall size of the deposit, Hathor Exploration (HAT-T) reports.
Letter to the editor: Poor manners
As a subscriber I take issue with one item on the Kaminak Gold story (TNM, May 2-8, 2011) with no claimant for the article, the excellent photo and damn poor manners from there.
People (June 13, 2011)
Alamos Gold – Jon Morda retired as CFO; James Porter appointed CFO; Greg Fisher appointed VP of finance.
Canada Lithium shrinks Quebec Lithium’s resource
This year has been a bumpy ride for Canada Lithium (CLQ-T). The company has lowered the measured and indicated resource estimate for its Quebec Lithium project near Val d’Or, Que., by 37% compared to the previous estimate, which was prepared…
Market news (June 13, 2011)
Toronto Stock Exchange
Riverstone drilling enriches its Karma
Vancouver – The latest drill results from Riverstone Resources’ (RVS-V) Karma project look to be pushing known mineralization further south on the Gouglagou I zone and deeper on the Gouglagou II zone.