Long REE holes boost Commerce Resources
Vancouver – Two long holes, mineralized with rare earth elements (REEs) from almost top to bottom, have caused a spike in Commerce Resources’ (CCE-V) share price.
Canada
Another new kimberlite discovery at Chidliak shows promising potential
The Chidliak diamond project on Baffin Island in Canada’s Far North continues to demonstrate tremendous potential with the release of a new batch of microdiamond results. The latest results show the CH-44 kimberlite has a very promising coarse…
Puma hits copper in New Brunswick (November 24, 2010)
Early results from Puma Exploration (PUM-V) Turgeon project in New Brunswick look promising, even though the market didn’t react with initial enthusiasm.
Golden holes lift Richfield Ventures
Vancouver – Richfield Ventures’ (RVC-V) share price leapt up to a new all-time high on news of a 171-metre intercept grading 3.13 grams gold per tonne and 10.8 grams silver per tonne at the Blackwater gold project in central British Columbia.
Peregrine’s Chidliak delivers the goods (November 23, 2010)
Highly anticipated mini-bulk sample results from Peregrine Diamonds’ (pgd-t) Baffin Island Chidliak diamond project didn’t disappoint. The CH-7 mini-bulk sample shows a grade of 1-carat-per-tonne and a population of gem-quality diamonds, 15 of…
Another long intercept for Gold Canyon
Gold Canyon Resources (GCU-V) latest results continue to add to the recent momentum the company has generated around its Springpole gold project in the Red Lake district of Ontario. The results were highlighted a hole returning 225 meters…
German fertilizer major offers $434 million for Potash One
Vancouver – A $434-million takeover bid for Potash One (KCL-T) from German fertilizer giant K+S Aktiengesellschaft is evidence that the failure of BHP Billiton’s (BHP-N) US$39-billion takeover bid for Potash Corp. of Saskatchewan (POT-T, POT-N)…
Western Coal gets merger offer from Walter Energy
Vancouver – A potential merger between Vancouver-based Western Coal (WTN-T) and Walter Energy (WLT-N), a Florida-based coal producer, lifted Western Coal’s share price to new highs even though the deal is far from certain.
Denison announces $65.4-million private placement
Denison Mines (dml-t, dnn-x) is arranging a $65.4-million financing of prepaid warrants to fund development of the company’s uranium properties and to add to working capital.
Canadian Mining Hall of Fame welcomes three new members
The Canadian Mining Hall of Fame is inducting three new members: versatile mining executive Mike Muzylowski, metallurgical innovator Bert Wasmund, and diamond explorer and miner John T. Williamson.
The speed of Alexco (November 19, 2010)
Alexco Resource (AXR-T, AXU-N) showed good pace in getting its Bellekeno mine in the Yukon up and running and the market has rewarded its efficiency. After announcing that the mill at the underground mine is working at designed capacity and…
Imperial updates Red Chris feasibility study (November 18, 2010)
Vancouver – An updated feasibility study for Imperial Metals’ (III-T) Red Chris project in northwest British Columbia says a $443-million investment would build a mine able to produce 74 million lbs. copper and 47,000 oz. gold annually for 28…