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
May 11, 2013
It was another busy week on Bay Street as mid-tier producers took turns reporting first quarter results for the 2013 year. And much like JMN reported on the majors last week, earnings remained mixed as escalating operating costs and depressed commodity prices continue to take their toll... Read more
May 10, 2013
Balmoral Resources Ltd. (TSX.V: BAR) and GTA Resources and Mining Inc. (TSX.V: GTA) announced initial results Thursday from drilling at the Northshore Property along the Hemlo-Schreiber greenstone belt. Highlights from the initial five holes included 43.5 meters of 1.40 g/t gold in hole WB-12-37, 70 meters... Read more
May 8, 2013
Red Eagle Mining Corp. (TSX.V: RD) announced results Tuesday from its ongoing drill program at the company’s 100% owned Santa Rosa Gold Project in the Antioquia Department of Colombia. The current drill campaign at Santa Rosa is focused on the San Ramon deposit and will span... Read more
BILLINGS, MT--(Marketwired - May 20, 2013) - STILLWATER MINING COMPANY (NYSE: SWC) (TSX: SWC.U) today announced the election of Brian Schweitzer, the former governor of Montana, as Chairman of the Board. Governor Schweitzer, elected to the Board at the Company's Annual General Meeting of shareholders on Ma... Read more
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 20, 2013) - Alexco Resource Corp. (NYSE MKT:AXU)(TSX:AXR) today reports it has received the completed and signed Water Use Licence amendment from the Yukon Water Board allowing Alexco to process mill feed from its Onek and Lucky Queen mines in the Keno H... Read more
VANCOUVER, CANADA--(Marketwired - May 17, 2013) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) provides the following corporate update. Following the resignation of the former executive management team (See News Release dated February 27, 2013),... Read more
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 17, 2013) - AQM Copper Inc. (TSX VENTURE:AQM)(BVL:AQM) ("AQM Copper" or the "Company") today announced that its board of directors (the "Board") has adopted a policy which introduces an advance notice requirement in connection with shareholders intending... Read more
VANCOUVER, BC--(Marketwired - May 17, 2013) - Avanti Mining Inc. (TSX VENTURE: AVT) (PINKSHEETS: AVNMF), through its wholly owned subsidiary Avanti Kitsault Mine Ltd. ("Avanti" or the "Company"), has received notice of a Federal Court application by the Nisga'a Nation, challenging a decision by the Fisher... Read more
TORONTO, ONTARIO--(Marketwired - May 17, 2013) - NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company") announces that Mr. Greg Gibson has resigned as President and Chief Executive Officer the Company effective immediately. Mr. Gibson will remain a director of the Company and h... Read more
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 17, 2013) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN)(OTCQX:AUNFD) announces that, as a result of a review by the British Columbia Securities Commission (the "BCSC"), it is issuing the following news release to clarify and retrac... Read more
VANCOUVER, May 17, 2013 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) ("Taseko" or the "Company") announces that its Board of Directors has resolved to adopt a customary Shareholder Rights Plan Agreement (the "Rights Plan") to replace its existing shareholder rights plan that, under its terms, will expire on Ju... Read more
Vancouver, B.C., May 17, 2013 - UMBRAL ENERGY CORP. (TSX-V: UMB) (the "Company" or "Umbral") announces the appointment of Mr. Clint Sharples as a Director and Kristina Khersonski as Corporate Secretary and Chief Financial Officer for the Company. Also, the Company closes 2nd and final Tr... Read more
Shares of Great Western Minerals Group (TSX.V: GWG) surged 24% on Monday after the company released an updated National Instrument (NI) 43-101 resource estimate on its Steenkampskraal rare earth deposit in South Africa.
Over 1.2 million shares traded hands during Monday's session versus a daily average of just over 600,000. The stock gained $0.07 to close at $0.36.
The updated estimate included a 114% increase in indicated and 218% increase in inferred resources. The indicated category now contains an estimated 32,000 metric tonnes of total rare earth plus yttrium oxide (TREO) while the inferred category now contains 42,100 metric tonnes.
“The substantial increase in TREO tonnage from this Resource Estimate update significantly improves the economic potential of the Steenkampskraal Monazite Project,” said President and CEO Marc LeVier.
“The resource update reported today will be incorporated into the Preliminary Economic Assessment that is being prepared concurrently. We expect the Steenkampskraal analysis will be bolstered further with the upcoming addition of a minimum of 55 drillholes for which assay work is currently in progress.”
The Steenkampskraal deposit is a dipping vein exposed at surface. The vein has an average thickness of one meter and has been traced for a strike length of 1,050 meters. The vein is composed predominantly of monazite, which accounts for more than 90% of total rare earth elements. The vein material contains TREO’s ranging from 0.4% to 46%.
Great Western continues to drill at the project site. The company is working to expand the size of the resource as well as prove up the current geological model. The inferred resource portion of the deposit could be upgraded to the indicated category when the next resource estimate is released as part of the upcoming preliminary economic assessment.
Shares of Great Western are traded on the TSX Venture under the ticker symbol GWG. The company announced cash and equivalents of $56 million for the quarter ended September 30, 2012. The company has 416 million shares outstanding, giving the company a market cap around $150 million.
105.45 (+0.84%) 1.82 (+0.20%)
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.V/BAR Balmoral Resources Ltd. is a gold exploration and development company focused on creating shareholder value through the acquisition, aggressive exploration and development of gold projects in major districts of North America... Read more |
