Detour set to make Canadian gold mining history
The landscape around this town is prototypical of northeastern Ontario: a flat horizon dense with coniferous trees, broken here and there by a still, black lake.
2011
Richmont’s Wasamac shows potential
Shares of Richmont Mines (RIC-T, RIC-X) jumped $1.42, or 15.1%, to $10.69 on drill results from its Wasamac gold property in Quebec’s Abitibi region.
Strong drill results from Queenston
Queenston Mining (QMI-T) has completed nine new drill holes at its wholly owned Upper Beaver gold-copper deposit in Kirkland Lake, Ont.
Magino holds promise for Prodigy Gold
Results from infill and resource expansion drilling at Prodigy Gold’s (PDG-V) Magino gold project near Wawa, Ont., sent the junior’s shares up 10% to close at 64¢ on Aug. 30.
Hunting for gold in the Gem State
Most know Idaho as the Potato State, but the area also has a lesser-known nickname, the Gem State, which dates back to its territorial days.
Positive results for Lake Shore’s Thorne
Promising assays from Lake Shore Gold’s (LSG-T) Thorne gold property in Timmins, Ont., did little to lift the company’s shares. The junior has been trading near its 52-week low of $1.91 on Aug. 15, 2011, since releasing dismal second-quarter…
Cadillac Ventures boosts resource at Thierry mine project
Cadillac Ventures (CDC-V) has increased measured and indicated resources by 33% and inferred resources by 75% at its 100%-owned Thierry polymetallic mine project in northwestern Ontario, based on drilling completed in 2010 and 2011.
Paladin funds uranium mine expansion
Paladin Energy (PDN-T) “remains the only significant public uranium producer without a strategic investor or alliance,” making the company “a very attractive takeover target,” Canaccord Wealth Management remarked in a note to clients in late…
China Gold boosts Jiama’s resource
China Gold International Resources (CGG-T) is working hard to impress the market with its Jiama copper mine in China, as it boosts resources and looks to undergo a major mine expansion.
Iamgold sells Mupane gold mine
Iamgold (IMG-T, IAG-N) has pruned the last of its non-core assets with the recent sale of the Mupane gold mine in Botswana to Galane Gold (GG-V).
Cash-strapped Maya agrees to spend $20.5M on old Moroccan silver mine
Maya Gold & Silver (MYA-V) is buying another past-producing precious-metals mine in the Kingdom of Morocco, this time the Zgounder silver project in central Morocco’s Anti-Atlas mountains.
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…