Resource Sector Headlines

GoldQuest shares jump on new drill results from Romero zone at Las Tres Palmas

GoldQuest shares jump on new drill results from Romero zone at Las Tres Palmas

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

Argonaut Gold posts strong Q1 2013 earnings and outlines aggressive growth strategy

Argonaut Gold posts strong Q1 2013 earnings and outlines aggressive growth strategy

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

Mid-tier producers release earnings- once again mixed bag of results

Mid-tier producers release earnings- once again mixed bag of results

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

Balmoral Resources and GTA Resources drill 1.47 g/t gold over 70 meters at Northshore

Balmoral Resources and GTA Resources drill 1.47 g/t gold over 70 meters at Northshore

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

Red Eagle Mining drills 24 meters of 9.03 g/t gold at Santa Rosa Gold Project in Colombia

Red Eagle Mining drills 24 meters of 9.03 g/t gold at Santa Rosa Gold Project in Colombia

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

Latest News Releases

Stillwater Mining Company Announces Governance Changes

Stillwater Mining Company Announces Governance Changes

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

Alexco Receives Water Licence Amendment

Alexco Receives Water Licence Amendment

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

Woulfe Mining Provides Update

Woulfe Mining Provides Update

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

AQM Copper Announces Adoption of Advance Notice Policy

AQM Copper Announces Adoption of Advance Notice Policy

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

Avanti Receives and Will Oppose Judicial Review Application by Nisga'a Nation

Avanti Receives and Will Oppose Judicial Review Application by Nisga'a Nation

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

Northern Announces Appointment of New President & CEO

Northern Announces Appointment of New President & CEO

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

Aurcana Corporation Clarifies Technical Disclosure

Aurcana Corporation Clarifies Technical Disclosure

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

Taseko renews Shareholder Rights Plan

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

Umbral Energy Corp.: Board, Officer Changes and Financing Closes

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

hudson-reports-94-aluminum-extraction-from-initial-leaching-testwork-for-the-white-mountain-anorthosite-project-in-greenland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2013) - HUDSON RESOURCES INC. (TSX VENTURE:HUD)(OTCQX:HUDRF) (the "Company") is pleased to announce the following update on the metallurgical testwork program for aluminum leaching extraction from its White Mountain anorthosite (calcium feldspar) project in Greenland. Alumina production is one of three potential revenue streams Hudson is analysing for the White Mountain project.

The testwork is being undertaken at SGS Canada Inc.'s Lakefield facility under the direction of Hudson's consulting metallurgist, John R. Goode, P.Eng. Initial testwork using hydrochloric acid (HCl) has demonstrated the high solubility of the anorthosite material at normal atmospheric pressure and relatively low temperatures. Aluminum recoveries ranged from 89.7% to 93.7%. The highest recovery was achieved at a temperature of 110 Celsius and an HCl strength of 30%. The White Mountain anorthosite rock averages approximately 30% aluminum oxide (Al2O3) and 1.25% iron oxide (Fe2O3).

Downstream testwork on leach solutions is ongoing and includes aluminum chloride precipitation, alumina production and acid regeneration testing. Once this testwork is completed, Hudson will initiate a scoping study to determine the preliminary economics of producing an alumina product and potential silica and calcium by-products. Testwork is expected to be completed in the second quarter.

James Tuer, Hudson's President, stated, "We are very excited with these initial leach results which demonstrate that recoveries in excess of 90% aluminum can be achieved using standard technologies and under moderate conditions. The high solubility of our White Mountain Anorthosite, which is unique to high calcium feldspars, makes it an excellent candidate for potential alumina production. As well as containing high aluminum, its low iron content should help reduce processing costs. With Alcoa proposing an aluminum smelter in Greenland and three smelters currently operating in Iceland, we are well positioned to provide alumina to end users if we can provide it at a competitive price compared to conventional alumina being produced from bauxite using the Bayer process. It may also be possible to provide an added benefit by utilizing the 15% calcium in the rock to capture CO2 and thereby lower greenhouse gas emissions, which is a key objective of the aluminum industry."

Hudson's White Mountain anorthosite is relatively unique in that it has high concentrations of aluminum, silica and calcium, with little to no contaminants and low iron. Hudson has determined that the White Mountain anorthosite has three potential industrial applications:

1. As a new source of alumina to supply aluminum smelters;
2. As a new source of feedstock to the high end fiberglass (E-glass) industry; and
3. As a new source of filler material. Fillers are a significant component in the plastics and paints industries.

Hudson commenced exploration on the White Mountain Project in January 2012 and has completed over 4,300 meters of drilling in 45 drill holes at White Mountain. A resource model is expected to be completed within the next month. Processing of a 122 tonne bulk sample is expected to start shortly at the Saskatchewan Research Council's pilot plant in Saskatoon. Based on bench scale testing, the material requires minimal processing: crushing, grinding, magnetic separation and milling. The processed bulk sample material will be provided to potential end users in the E-glass industry for testing in their furnaces. The Company has also initiated baseline environmental studies with the objective of submitting an application for a mining license in early 2014.

The White Mountain Project is owned 100% by Hudson. The Project is located on tidewater approximately 40 km from the Company's 100% owned rare earth element (REE) project. White Mountain is envisioned as an open pit mining operation similar in scope to a quarry. The Company remains well-financed with approximately $7 million in working capital.

Dr. Michael Druecker is a qualified person as defined by National Instrument 43-101 and reviewed the preparation of the scientific and technical geological information in this press release.

John R. Goode is the Qualified Person as defined by National Instrument 43-101 who reviewed the preparation of the scientific and technical metallurgical information in this press release.

ON BEHALF OF THE BOARD OF DIRECTORS

James Tuer, President

Forward-Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this news release, including, without limitation, statements regarding plans for the completion of a financing and the intended terms and use of proceeds thereof, and other future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include market prices, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Hudson Resources Inc.
James Tuer
President
604-628-5002 or 604-688-3415
604-688-3452 (FAX)
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