Sunridge posts strong assay results in Eritrea
Sunridge Gold (SGC-T) has released assays from the first four of 35 holes drilled to define the Debarwa copper-gold-zinc VMS (volcanogenic massive sulphide) deposit at its Asmara project in Eritrea.
Articles by Northern Miner Staff
Canaco Resources explores Ethiopia (January 19, 2011)
Canaco Resources (CAN-V) may be best known for its Magambazi gold discovery in the Handeni district of eastern Tanzania, where in late December drill results yielded intercepts of 53.2 metres of 9.51 grams gold per tonne and 17.4 metres of 6.1…
Nautilus secures deep-sea mining lease (January 18, 2011)
Vancouver – A pioneering deep-sea mining operation is a big step closer to reality after Papua New Guinea granted a mining lease to Nautilus Minerals (NUS-T) for its Solwara 1 project in the Bismarck Sea.
Newstrike strikes long gold hit in Mexico
Vancouver – The first set of drill results from Newstrike Captial’s (NES-V) exploration and twinning program on its Ana Paula project in southern Mexico returned several significant gold intercepts including a long stand-out.
Wood Mackenzie estimates damage of Australian floods (January 18, 2011)
In a brief analysis of the disruption of coal exports from Queensland, Wood Mackenzie estimates that more than half of Australia’s coal exports are likely to be affected and the impact will be felt strongly in the global coal markets.
Is there smoke at Pickle Crow…
Kevin Keough likes to say that the “universe is unfolding as it should” at PC Gold’s (PKL-T) Pickle Crow property in northwestern Ontario.
Gains outweigh losses for Venture during Jan. 10-14 period
Vancouver – The S&P TSX Venture Exchange climbed 45.57 points over the January 10 to 14 period, ending at 2275.45 points after three days of gains and two days of losses.
Huge synergies with Cliffs’ bid for Consolidated Thompson
If Cliffs Natural Resources (CLF-N) is successful in its bid for Consolidated Thompson (CLM-T) and its Bloom Lake mine on the south end of the Labrador Trough in Eastern Canada, it will in one easy stroke acquire a world-class ore body…
U.S. Markets up for 7th straight week as gold slips over Jan. 10-14 period
As European stocks advanced for the second straight week, banks and technology companies, led by JPMorgan Chase, sent U.S. stock indexes higher, marking a seventh week of gains. The Dow Jones industrial average gained 112.62 points, or 1%, to…
Merger activity helps drive up TSX in Jan. 10-4 trading week
Precious-metals companies may have taken a hit during the Jan. 10-14 trading week but for companies with iron ore, copper, uranium and potash assets, the numbers looked pretty good. The TSX Composite index climbed 191.76 points or 1.45% to…
PRODUCER AND DEALER PRICES (January 17, 2011)
Antimony: Mid-mkt US$10,100/tBismuth: Mid-mkt US$9.35/lb.Cadmium: Mid-mkt US$1.70/lb.Coal: EIA Central Appalachian thermal, US$77.40/t; Powder River Basin thermal, US$13.50/t; Northern Appalachian, US$70.00/t; US EIA metallurgical, US$163.81/t….
TSX SHORT POSITIONS (January 17, 2011)
Short positions outstanding at Dec. 31/10 (with changes from Dec. 15/10).Largest short positionsUranium One UUU 32985856 …