Initial resource for Probe Mines’ Borden Lake
Probe Mines (PRB-V) jumped 26¢ or 17.3% to $1.76 per share on news its Borden Lake gold project near Chapleau, Ontario contains about four million ounces of gold and nearly six million ounces of silver.
Canada
Venture stumbles in August 15-19 period
Vancouver – Uncertainty and caution continued to disrupt markets in the August 15-19 trading period as the S&P/TSX Venture Composite Index dropped 52.52 points to close at 1,764.84 points. While up from the low of 1,682 points hit in early…
Photo contest winners announced
The winners of the 7th annual photo competition put on by Australia-headquartered mining consultancy Snowden have been announced.
People
American Vanadium – Ron Macdonald appointed a director.
Xstrata snaps up First Coal
Global coal giant Xstrata (XTA-L) has recently sealed a $147-million cash offer for privately-held First Coal and its northeastern B.C. coking coal assets.
New horizons: Canada’s untapped geothermal energy potential
The following is an edited excerpt from the Geological Survey of Canada’s report Geological energy resource potential of Canada. To download the full report visit http://geopub.nrcan.gc.ca.
Puget Ventures set to become Global Cobalt
Within weeks, Puget Ventures (PVS-V) expects to complete a fundamental transformation from a modest Ontario-focused cobalt explorer into a global player, with a new name, new financing and a new focus on the Altai Republic in southern Russia.
Richmont’s lacklustre Q2 results
Richmont Mines (RIC-T, RIC-X) had a difficult second quarter, posting a net loss of $30.9 million, or 92¢ per share, which included the previously released $28-million after-tax writedown on its Francoeur mine in Quebec.“The…
Alexis looks to get back on track
Alexis Minerals (AMC-T) is looking to make a comeback.
Claude finds new gold zone at Seabee
Claude Resources’ (CRJ-T, CGR-X) share price got a welcome boost after hitting a new gold zone at its wholly owned Seabee gold mine in Saskatchewan.
Lake Shore Gold hits deep high grade at Bell Creek
Vancouver – Lake Shore Gold (LSG-T) has found a much needed boost with a round of encouraging step-out drill results from its Bell Creek gold mine in Timmins, Ontario.
Santo Domingo prefeas a feather in Capstone’s cap
Vancouver – Capstone Mining (CS-T) has released a prefeasibility for its 70%-owned polymetallic Santo Domingo project in Chile that shows relatively low capital costs for a project of its scale, just as costs are on the rise for its two…