Editorial: Worries of lithium oversupply dog market
There’s no better example of how unhinged the junior mining market can get than the last few releases in August from Toronto-based Desert Lion Energy in relation to its assets…
News
TSX Venture Exchange falls, Sept. 3-7
Gold Reserve rose 17¢ to $3.35 per share. The company recently received Venezuelan government bonds with an estimated market value of US$88.5 million as payment towards the December 2017 and…
Balmoral expands newly optioned Gargoyle property by 1,600%
In August, Balmoral Resources (TSX: BAR; US-OTC: BALMF) optioned the Gargoyle nickel property, 55 km northeast of Atikokan, Ontario. Just a few weeks later, it expanded Gargoyle 1,600% by staking…
TSX falls, Sept. 3-7
Canada’s benchmark index fell 1.06% to 16,090.27 during a shortened trading week. The S&P/TSX Global Mining Index fell 4.3% to 62.70 and the S&P/TSX Global Gold Index fell 2.9% to…
US markets edge lower, Sept. 3-7
The U.S. Bureau of Statistics released its job report showing that the unemployment rate remained unchanged in August at 3.9%. Base metals were down during the trading week while spot…
Pure Gold on track to build Ontario’s next gold mine
Pure Gold Mining (TSXV: PGM) is on its way to finishing a definitive feasibility study (DFS) of its Madsen gold project in Ontario’s Red Lake district. Madsen is one of…
McEwen bolsters Black Fox with new resource
McEwen Mining (TSX: MUX; NYSE: MUX) has tabled a maiden resource for its Stock East gold deposit and an updated resource for its Froome gold deposit to go with numerous…
BHP buys SolGold stake for US$35M
BHP Billiton (NYSE: BHP; LON: BLT) is acquiring a 6.1% stake in SolGold (TSX: SOLG; LON: SOLG), which is developing its Cascabel porphyry copper-gold project in Ecuador. BHP is buying…
Commerce hopes new US policy will benefit rare earth projects
Commerce Resources (TSXV: CCE; US-OTC: CMRZF) has spent the past 10 years developing its Ashram rare earth element (REE) project in northern Quebec. Like many REE miners, Commerce’s fate has…
Avalon discovers lithium pegmatite
A new lithium pegmatite Avalon Advanced Materials (TSX: AVL; US-OTC: AVLNF) is naming Snowbank has been found 4 km northwest of the company’s main Separation Rapids lithium deposit, near Kenora,…
Alamos boosts Island Gold’s reserves, grades
After incorporating 65,600 metres of exploration drilling in the first half of the year, Alamos Gold (TSX: AGI; NYSE: AGI) has increased the reserves and resources at its Island Gold…
Aztec chases silver-zinc deposits at Tombstone
Aztec Minerals (TSXV: AZT; US-OTC: AZZTF) has started surface exploration at its newly optioned Tombstone silver-zinc district, 104 km southeast of Tucson, Arizona. The company is chasing multiple mineralization types,…