May 23, 2013
Primero Mining Corp. (TSX: P) announced late Wednesday that the company has completed acquisition of the Cerro del Gallo Project from Cerro Resources NL in an all stock deal valued at $119 million. Cerro Resources NL holds a 69% interest in the Cerro del Gallo Project... Read more
May 22, 2013
Shares of Solvista Gold Corp. (TSX.V: SVV) are up 54% over the last two trading sessions after the company announced results Tuesday from its recently completed 8,000 meter core drill program. Investors took notice after Solvista reported that drilling intercepted 456 meters of 1.40 g/t gold... Read more
May 21, 2013
Aureus Mining Inc. (TSX: AUE) released an updated definitive feasibility study (DFS) Tuesday on its 100% owned and fully permitted New Liberty Gold Project located in the country of Liberia. The updated DFS increases average annual gold production during the first six years of operation to... Read more
May 17, 2013
Shares of the once high flying GoldQuest Mining Corp. (TSX.V: GQC) gained 25% on Thursday after the company released new drill results from its 100% owned Las Tres Palmas Project in the Dominican Republic. GoldQuest closed Thursday’s trading session up $0.08 to close at $0.38 per... Read more
May 15, 2013
Shares of Argonaut Gold Inc. (TSX: AR) jumped 6% Tuesday after the company reported strong Q1 2013 earnings. First quarter gold production totaled 28,900 ounces and the company generated revenue of $43.1 million on sales of 25,441 ounces of gold. Production output for the quarter represented... Read more
PERTH, WESTERN AUSTRALIA--(Marketwired - May 24, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Troy Resources Limited (ASX:TRY)(TSX:TRY) (Troy) and Azimuth Resources Limited (ASX:AZH)(TSX:AZH) (Azimuth) are pleased to announc... Read more
TORONTO, ONTARIO--(Marketwired - May 23, 2013) - Nuinsco Resources Limited (TSX:NWI) (the "Company") today announced that its board of directors approved the adoption of an advance notice by-law (the "By-law") on May 22, 2013, which requires advance notice to the Company in circumstances where nominat... Read more
(All amounts expressed in Canadian dollars unless otherwise noted) TORONTO, May 23, 2013 /CNW/ - Agnico Eagle Mines Limited (TSX and NYSE: AEM) ("Agnico") today announced that it has entered into an agreement with Cormark Securities Inc. ("Cormark") and Probe Mines Limited ("Probe") pursuant to which Agnico has agreed t... Read more
TORONTO, ONTARIO--(Marketwired - May 23, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Probe Mines Limited (TSX VENTURE:PRB) ("Probe" or the "Company") is pleased to announce that, further to the Company's press release dated M... Read more
VANCOUVER, CANADÁ--(Marketwired - May 23, 2013) - Tinka Resources Limited (la "Compañía"), (TSX VENTURE: TK) (FRANKFURT: TLD) (PINKSHEETS: TKRFF), anunció los resultados de los hoyos CDD-28, CDD-29 y CDD-30 del proyecto Colquipucro, donde la empresa tiene el 100% de propiedad del proyecto... Read more
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 23, 2013) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES Castle Peak Mining Ltd. ("Castle Peak" or the "Company") (... Read more
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 23, 2013) - Rapier Gold Inc. (TSX VENTURE:RPR) (the "Company") is pleased to announce the completion of the initial drill program on the Pen Gold Project. The Pen Gold Project comprises 16,448 hectares (approximately 160 sq km), 75 km south west of Timmi... Read more
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 23, 2013) - Africo Resources Ltd. (TSX:ARL) ("Africo") is pleased to report that further to its news release dated April 10, 2013, AMEC E&C Services Inc. has completed the NI 43-101 Technical Report on the resource assessment on the Kalukundi copper and cob... Read more
TORONTO, ONTARIO--(Marketwired - May 23, 2013) - Asia Now Resources Corp. (TSX VENTURE:NOW) ("ANR" or the "Company") is pleased to announce the appointment of Dr. Wenjin Yang to the board of directors of the Company. Dr. Wenjin Yang is Chief Financial Officer and Director of Yunnan Do... Read more
Balmoral Resources Ltd. (TSX.V: BAR) announced drill results this morning from eight core holes at its Northshore Property in Northwestern Ontario. The property was optioned to GTA Resources & Mining Inc. (TSX.V: GTA) in 2011. GTA has agreed to fund a minimum of $5.5 million in exploration expenditures over five years in exchange for a 70% interest in the property.
Results from this morning’s news release represent drilling completed within the Afric Gold Zone of the Northshore property, where mineralization has now been extended along strike and at depth.
Drill hole WB-12-33 returned 1.37 g/t gold over 68 meters, including 12.16 g/t gold over 4 meters, beginning at a depth of 421 meters. The intercept represents the deepest to date and shows great potential for discovery of further broad zones of mineralization at depth.
Other intercepts of note in the news release included:
Located in the Hemlo-Schreiber greenstone belt of Ontario, the Northshore Property covers five patented and two unpatented mining claims. Noranda Exploration and Cyprus Canada conducted heavy exploration on the property throughout the 1990’s.
Noranda also released a geologic resource estimate (non 43-101 compliant) in 2002 that outlined two million tonnes grading 2.20 g/t gold in the Afric Gold Zone. This zone represents only one of six mineralized areas outlined to date.
Balmoral acquired the property in 2010 and leased it to GTA Resources in 2011. Since becoming project operator, GTA has completed over 8,000 meters of drilling. A fourth phase of drilling it set to commence in February. An initial NI 43-101 resource estimate was released by GTA in early 2012, which can be viewed by clicking here.
Details of the option agreement call for GTA to incur $5.5 million in exploration expenditures over five years, issue 3.5 million shares to Balmoral, and make cash payments totaling $150,000.
Balmoral shares gained nearly 35% in 2012 and are up 7% thus far in 2013. The company is well positioned with over $15 million in cash and multiple drill programs in progress. Focused on making new discoveries in historic districts, Balmoral has been a bright spot in a weak junior resource sector over the last two years.
When someone mentioned the term ‘Ring of Fire’ in the past it was typically associated with volcanic activity outlining the Pacific Ocean. Being that this area is home to roughly 75% of the world's active and dormant volcanoes, the name seemed fitting. Over the last decade however the term Ring of Fire has been given a new... Read more
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Exchange/Ticker: TSX/GQM Golden Queen Mining Ltd. is a mineral development company focused on advancing its 100% owned Soledad Mountain Project. Soledad has a long history of past production that dates back to the early 1900's... Read more |
