EXCHANGE RATES (November 29, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Nov 22 Nov 19 Nov 18 Nov 17 Nov 16 US$ in C$ 1.0187 1.0208 1.0174 1.0207 1.0231 C$ in US$ 0.9816 0.9796 0.9829 0.9797 0.9774…
News
Glencore invests in PolyMet
VANCOUVER — PolyMet Mining (POM-T, PLM-X) is offering to sell US$30 million worth of shares to Glencore International as it works towards securing final permitting of its NorthMet open-pit polymetall…
Allied Gold plans growth in PNG
VANCOUVER — Allied Gold (ALG-T, ALD-A) has big plans for its Simberi gold mine in Papua New Guinea (PNG) — the company has embarked on an expansion of the mine’s oxide processing unit and now a pref…
Denison set to raise $65.4M
Denison Mines (DML-T, DNN-X) is arranging a $65.4-million financing of prepaid warrants to fund development of the company’s uranium properties and to add to working capital.
Kimberlite source elusive at Chesterfield Inlet
Shear Minerals (SRM-V) wrapped up this year’s exploration program on the Chesterfield Inlet diamond project in Nunavut still seeking the source of some promising indicator mineral anomalies and kimberlite float occurrences.With the objective…
Agnico-Eagle invests $1M in Western Troy
Western Troy Capital Resources (WRY-V) is looking to raise $3.5 million on the back of a new copper-gold discovery at Deborah Lake, near Schefferville in northeastern Quebec.
Granada gets interesting for Gold Bullion (November 29, 2010)
VANCOUVER — Gold Bullion Development (GBB-V) is hitting the best grades to date at its Granada gold project in Quebec as it explores the Eastern Extension of its LONG Bars zone.
Explorator probes copper-gold mantos at El Espino (November 26, 2010)
Vancouver – Explorator Resources’ (EXO-V) 23,000-metre drill program at its joint-ventured El Espino project in Chile is showing that the historic mines scattered across the property may have only scratched the surface of its copper-gold…
Long REE holes boost Commerce Resources
Vancouver – Two long holes, mineralized with rare earth elements (REEs) from almost top to bottom, have caused a spike in Commerce Resources’ (CCE-V) share price.
Mercer looks to be the next name in Colombian gold
With the gold boom in Colombia in full swing it may come as some surprise that speculative land next to a 10 million oz. deposit would still be available. But up until June of last year, that was just the case with the Guayabales property….
Another new kimberlite discovery at Chidliak shows promising potential
The Chidliak diamond project on Baffin Island in Canada’s Far North continues to demonstrate tremendous potential with the release of a new batch of microdiamond results. The latest results show the CH-44 kimberlite has a very promising coarse…
Continental Gold strikes high grades at Buritica
Vancouver – The latest results from Continental Gold’s (CNL-T) on-going 100,000-metre drill program at its Buritica gold project in Colombia show more high-grade gold intercepts.