Stornoway files Qilalugaq’s resource estimate
Stornoway Diamond’s (SWY-T) maiden resource for the Q1-4 kimberlite on its Qilalugaq diamond project in Nunavut did little to boost its lately sagging share price.
Articles by Northern Miner Staff
La Mancha extends gold strike at Ity
VANCOUVER — International gold producer La Mancha Resources (LMA-T) unveiled some good news at its Ity mine in Côte d’Ivoire to start June, when the company released drill results that indicate an extension of gold…
TSX gains on global story
The TSX Composite Index partook in a global rally spurred on by the prospect of more growth in China as the Index gained 153 points for the June 4-8 period to finish at 11,500.63. China cut interest rates for the first time in four years which…
Venture flat in June 4-8 period
VANCOUVER — The S&P TSX Venture Composite Index was virtually unchanged in the June 4-8 period, ending up a little over a point at 1,292.93 points. Volume also saw little change, in line with recent weeks at an average of 69 million…
U.S. equities enjoy mini-rally, Jun 4-8
U.S. equities rallied late in the June 4-8 trading week as markets anticipated that Spain would ask euro zone deputy finance ministers for a bail-out for its troubled banks, which it did over the weekend. The Dow Jones Industrial Average and…
A lifetime achievement
The Northern Miner’s senior sales representative Brian Warriner was honoured with a Life Member appointment from the Canadian Diamond Drilling Association at its annual general meeting in Quebec City in May. It was presented to Warriner…
Labrador Iron Mines: Canada’s newest iron-ore producer
Toronto-based Labrador Iron Mines (LIM-T) is first out of the gate to cash-in on Canada’s reinvigorated iron-ore hotspot in the Labrador Trough district. Labrador Iron is one of a handful of Canadian developers looking to market iron ore…
Market news
Toronto Stock Exchange
Rio Verde to secure $15M for key projects
Rio Verde Minerals (RVD-T) aims to add $15 million to its coffers to help fund exploration and development at its key potash and phosphate projects in northern Brazil, by selling its shares at a premium. The company announced a…
Prophecy Platinum sees promising signs at Wellgreen
Things keep rolling along for Vancouver-based Prophecy Platinum (NKL-V) at its flagship Wellgreen platinum group metals (PGM) and nickel project in the Yukon. The junior released a flurry of news to end May, including a maiden full-spectrum…
Corvus hits more high grade at new Bullfrog target
The latest drill hole from the Yellow Jacket target at Corvus Gold’s (KOR-T) North Bullfrog gold-silver project in southern Nevada has returned more evidence of a high-grade feeder zone.The standout interval in hole 12-138 was 5 metres…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 4 June 1 May 31 May 30 May 29 US$ in C 1.0418 1.0380 1.0349 1.0286 1.0253 …