TSX Venture loses ground, Aug. 22-26
The S&P/TSX Venture Composite Index dropped 3.3%, or 27.58 points, en route to an 805.53-point weekly close. Precious metals dropped after comments by the U.S. Federal Reserve hinting at an…
Novo Resources Corp
Golden payoff in the Pilbara for Novo Resources
VANCOUVER — It’s easy pickings for Novo Resources (US-OTC: NSRPF) at its Beatons Creek paleoplacer gold deposit near the historic gold mining town of Nullagine in the eastern Pilbara region of Western Australia.
Are the clouds parting for juniors?
Junior gold explorer Novo Resources (CNSX: NVO) checks all the boxes: it’s led by a well-known, connected and respected geologist; it has several prospective gold projects (one of which has an inferred resource) in the low-risk…
CNSX courts struggling juniors
The dire predictions that hundreds of junior miners would be delisted from the TSX Venture Exchange this year have turned out to be dead wrong, despite the continuing downturn in the sector, which began in 2011.
Newmont takes large stake in Hennigh’s Novo Resources
Newmont Mining (TSX: NMC; NYSE: NEM) has acquired a 35.7% stake in Novo Resources (CNSX: NVO), a Vancouver-based junior that is earning a 70% interest in two exploration properties in the Eastern Pilbara shire of Western Australia that…
Hennigh’s grand gold vision in Western Australia
When it comes to early stage exploration, it is not unusual to hear about big ideas and regional plays. But when Quinton Hennigh focused on a theory for the better part of a decade with prolific Australian prospector Mark Creasy, the wheels got…
Nunavut gold find pleases Prosperity investors
Prosperity Goldfields (PPG-V) has drilled 158 metres of 1.7 grams gold per tonne at its main Kiyuk gold project in southern Nunavut, including a higher-grade section of 31 metres grading 4.9 grams gold. The results are from the company’s…
Nunavut gold find leaves Prosperity investors wanting more
Prosperity Goldfields (PPG-V) has drilled 157.6 metres of 1.7 grams gold per tonne at its main Kiyuk gold project in southern Nunavut, including a higher-grade section of 30.5 metres grading 4.9 grams gold. The results are from the company’s…