Copper price keeps Princeton in black
With the Similco open-pit operation in British Columbia running smoothly and the price of copper reaching record highs, Princeton Mining (TSE) performed solidly in the second quarter.The company earne…
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INVESTMENT COMMENTARY — Coal producer Hillsborough shows earnings potential
The coal sector may not be imbued with the romance associated with gold or diamond mining, yet “black gold” does generate profits for many a producing company.Douglas Hurst, mining analyst for Sprott …
INSIDER TRADING — Adex execs exercise options and sell shares
Several insiders of Adex Mining (TSE) traded both common shares and options in the company during April and May.According to the Ontario Securities Commission’s OSC Bulletin, Sally Burton, senior offi…
Santa Fe approves flotation circuit at Lone Tree
With construction of the Mule Canyon mine about to begin, Santa Fe Pacific Gold (NYSE) is planning to install a flotation circuit at its nearby Lone Tree mine that will benefit both Nevada gold projec…
Rupert plans drilling in Ungava
The base metal potential of the Cape Smith project in Quebec’s Ungava region has Rupert Resources (VSE) President Donald Moore champing at the bit to begin drilling.Rupert recently optioned a 75% inte…
LABRADOR NEWS ROUNDUP — Tapestry, Portman prepare to drill
Partners Tapestry Ventures and Portman Explorations have received drill permits for two properties in the Voisey Bay area of Labrador.The Vancouver-listed juniors are assessing two previously reported…
Santa Elina firms up targets at Fazenda Nova gold property
A first round of drilling has returned encouraging gold values from targets being tested at the Fazenda Nova property in Brazil.Toronto-listed Santa Elina Gold carried out diamond drilling of 20 angle…
Caledonia acquires Namibian project
Already active elsewhere in Africa, Caledonia Mining (TSE) has been granted a licence by the government of Namibia to explore a land package near Walvis Bay.Sands grading 14.2% heavy minerals (chiefly…
Work to start at Nfld. antimony play
An exploration decline will be constructed at the Beaver Brook antimony deposit of Roycefield Resources (ASE).The property, situated near Grand Falls, Nfld., consists of two mineralized zones: the Cen…
LABRADOR NEWS ROUNDUP — Takla Star reports gossan find
Gossans containing nickel, copper and cobalt mineralization have been reported by an exploration crew checking an electromagnetic conductor on a property held by Takla Star Resources (ASE) southwest o…
LABRADOR NEWS ROUNDUP — Goldnev, Starcore cut sulphides
Layered sulphide bodies have been intersected in drill holes testing an electromagnetic conductor on Niatak Island, 30 km east of the Voisey Bay deposit.Joint-venture partners Goldnev Resources (VSE) …
LABRADOR NEWS ROUNDUP — Anomalies spotted at Tasisuak Lake
Airborne geophysical work over the Tasisuak Lake property 50 km northwest of Voisey Bay, Labrador, has outlined several strong, coincident magnetic and electromagnetic anomalies.Consolidated Magna Ven…