TSX Venture Exchange continues gains during week of Sept. 20-24
The S&P-TSX Venture composite index enjoyed another strong week between Sept. 20 and 24, closing at 1,699….
2010
LENDING RATES (September 27, 2010)
Metal lease rates from www.kitco.com
Magma ups resource at Thunder Bay North
An updated resource, based on nearly twice as much drilling as the previous estimate completed a year ago, reveals that the Thunder Bay North platinum-palladium-copper- nickel project in northwestern Ontario contains 708,000 platinum-…
NA Palladium’s efforts at Lac des les pay off
When a mine is placed on care and maintenance, operations often never resume. Sometimes the mine has run out of ore, or into technical difficulties, and metal prices cannot justify a restart. Rarely is a suspension considered an opportunity to…
High-grade hits sweeten low-grade resource at Osisko’s Hammond Reef (September 27, 2010)
VANCOUVER — Since acquiring 100% of the Hammond Reef gold project through a recently completed $372-million takeover of Brett Resources, Osisko Mining (OSK-T, OSKFF-Q) has focused on expanding and upgrading resources in order to advance the…
Stillwater buying Marathon PGM for US$118M
VANCOUVER — Stillwater Mining (SWC-N), the only significant producer of platinum and palladium in the United States, is paying an 89% premium to take over Marathon PGM (MAR-T) and get its hands on Marathon’s large, feasibility stage…
Alto excited by Coldstream
Noranda Exploration discovered Alto Ventures’ (ATV-V) East Coldstream gold deposit in the Burchell Lake area of Ontario, about 100 km west of Thunder Bay. Between 1988 and 1991, Noranda drilled 37 holes into the ground, coming up with an…
HudBay bulks up on Back Forty
HudBay Minerals (HBM-T) likes what it sees at the Back Forty project in Michigan and has chosen to exercise its option on the property far ahead of schedule.
Solid Q2 for Harry Winston
VANCOUVER — Harry Winston Diamond (HW-T) earned US$16.5 million in the second quarter of the year, a vast improvement over its US$24.5-million loss in the same quarter last year and a strong indicati…
Semafo says minerals up at Mana’s Kona zone
Results from 36 drill holes totaling 5,380 metres at Semafo’s (SMF-T) Mana gold mine in Burkina Faso in West Africa confirm the continuity of the mineralization in the Kona zone immediately northeast …
Long gold-copper hit in Romania lifts Carpathian
VANCOUVER — A deep drilling program at the Rovina Valley gold-copper project in Romania has returned the longest and highest-grade intercept to date from the Ciresata porphyry, one of three deposits …
New nickel zone sends Anfield higher (September 27, 2010)
Drill results from Anfield Nickel’s (ANF-V) Mayaniquel project in Guatemala indicate that the company could have an even greater abundance of metal on the property than previously believed.