Lucara in $60m financing for African diamond projects
Vancouver – With two diamond projects in the pipeline, Lucara Diamond (LUC-V) has announced a $60 million private placement to help move them forward.
2011
Short Position Report (January 20, 2011)
TSX Short Positions Short positions outstanding at Jan 15/11 (with changes from Dec….
Aldridge likes what it sees at Papua New Guinea discovery
When Aldridge Minerals (AGM-V) acquired a 450 sq. km license in Papua New Guinea in February 2009, it fielded three requests from majors to joint-venture the property even before any samples were taken.
Rockgate boots grade and tonnage at Falea
Vancouver – Rockgate Capital (RGT-T) has significantly boosted the size and grade of the uranium and silver resource in its Falea project in southwest Mali with a resource update.
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.
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…