Geomega jumps on drill results
Geomega Resources (GMA-V) set the pace for miners on the Venture Exchange on Wednesday. The company’s share price made the largest gain by percentage points, shooting up 24% or 65¢ to $3.35 on 209,000 shares traded.
Articles by Northern Miner Staff
Abzu Gold starts drilling potential Esaase look-alike in Ghana
Vancouver – The Cardero Group’s Abzu Gold (ABS-V) has started the first round of drilling at its Golden Reef gold project in Ghana’s Asankrangwa gold belt. It plans to complete 12,000 metres of drilling using a combination of…
Editorial: Aussie windfall taxes 2.0
Yes, they’re back. And probably here to stay this time. Rebounding from the June 2010 defeat of its proposed 40% “Resource Super Profits Tax” (RSPT) on miners, Australia’s centre-left government has spent the past year developing a more…
Avion Gold continues success in Mali
Drilling to test northwest- and northeast-trending structures at Avion Gold’s (AVR-T, AVGCF-O) Tabakoto deposit in Mali has returned some significant intercepts including 20.88 grams gold over 5.7 metres, 36.04 grams over 3 metres, and 29.04…
Soltoro hits more high-grade silver in new zone
Vancouver – Soltoro (SOL-V) has released several high-grade silver hits from its El Rayo project in central Mexico a week after reporting a bulk tonnage resource estimate on the project.
Trevali on the path to production
In the last few months Trevali Mining Corp. (tv-t) expanded its resource base, changed its name, closed a $10-million financing, and listed on the Lima Stock Exchange. Now, it’s working to get two mines into production over the next 12 months.
First resource for Levon’s Cordero project
Vancouver – After completing close to 70,000 metres of drilling over 160 core holes, Levon Resources (LVN-V) has released an initial bulk tonnage resource on its Cordero silver-gold-zinc-lead project in northern Mexico.
Yukon gold for Golden Predator
Golden Predator’s (GPD-T) drive to become the Yukon’s leading explorer got a boost from results at its Grew Creek project in the central part of the territory. Assays were highlighted by one hole returning 46.7 metres grading 3.78 grams gold…
Allana Potash updates resource estimate in Ethiopia
An updated resource estimate based on just 40% of Allana Potash’s (AAA-V, ALLRF-O) licenced land in Ethiopia is better than the company had initially expected.
Market downturn hits juniors looking for capital
A faltering U.S. economic recovery, a potential economic cool down in China caused by inflationary pressures and a Greek debt crisis that simply refuses to go away have all translated into a tough start to the year for the junior resource…
Venture Exchange down again
Vancouver – Showing little sign of bucking its trajectory, the S&P TSX Venture Exchange Index closed down for another week with a 36.98 point fall, ending at 1,897.94 points in the June 13 – 17 period. The declines look to have kept some…
Short Position Report
TSX Short Positions Short positions outstanding at June 15/11 (with changes from May…