Probe Mines’ high-grade underground resource at Borden
Probe Mines (TSXV: PRB; US-OTC: PROBF) has published the first high-grade underground resource estimate for its Borden gold project, located on the outskirts of Chapleau, west of Timmins, Ont.
Canada
Kirkland Lake Gold raises $7M to explore beyond Macassa
In a move which signals that junior gold companies are still a draw for investors, Kirkland Lake Gold (TSX: KGI; LSE: KGI) has struck a bought-deal financing that will raise $7 million to advance the company’s exploration program.
Seabridge goes deeper at KSM in BC
Seabridge Gold’s (TSX: SEA; NYSE: SA) chairman and CEO Rudi Fronk says the company anticipates good news from the exploration program it has launched at its KSM gold–copper project in northwestern B.C.
New ideas pan out for Mega Precious at Monument Bay
VANCOUVER — From new holes to old cores, and from gold to tungsten, Mega Precious Metals (TSXV: MGP; US-OTC: MPRXF) has been uncovering potential at the Monument Bay project in northeastern Manitoba.
World Gold Council spearheads review of London gold fix
VANCOUVER — The gold industry appears to be reacting to growing scrutiny over the century-old method that determines the daily spot price of gold. On June 18 the World Gold Council — a market-development organization composed of top…
Pretium updates Brucejack feasibility
Pretium Resources’ (TSX: PVG; NYSE: PVG) revised feasibility study for its Brucejack gold–silver project in B.C. shows the deposit is economical, even at low gold prices.
Rubicon keeps Phoenix on course
Thanks to two financing deals that came through early this year, developer Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) now says mine construction is half complete at its Phoenix gold project in Ontario’s Red Lake camp, and the…
TSX soars, June 9-13
The Toronto Stock Exchange climbed near the record high it reached six years ago, with the S&P/TSX Composite Index adding 163 points to end at 15,001.61, slightly below the record close of 15,073 set in June 2008 before the recession.
TSX Venture on the rise, June 9-13
The S&P/TSX Venture Composite Index finished in the black for the second straight week, up 9.88 points to close at 997.33. Oil futures were driven upward by political instability in Iraq, while the U.S. Commerce Department reported retail…
Open letter: Uranium, BAPE and social acceptability in Quebec
The 70 Quebec scientists and professionals from industry and academia who have signed this open letter are committed to using their know-how in an ethical, socially responsible and environmentally responsible manner. Exploration for and…
Royal Nickel strikes again with True North
Less than two months after Royal Nickel (TSX: RNX; US-OTC: RNKLF) acquired a strategic 25% stake in Sudbury Platinum, which is advancing the Aer-Kidd nickel–cobalt–platinum group metals project in the Sudbury basin, the junior has…
Timmins Gold execs under fire from Sentry
VANCOUVER — Gold miner Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is being targeted by dissident shareholder Sentry Investments in a proxy fight that aims to replace six of the firm’s eight board members.