Allana sketches a $796M capex for Dallol
Allana Potash (aaa-t) has started painting a somewhat rosy picture at its Dallol potash project in Ethiopia with a positive preliminary economic assessment (PEA), estimating start-up costs at US$796 million.
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Continental finds more gold deep down at Buritica
Deep drilling at Continental Gold’s (CNL-T) Buritica project in Antioquia, Colombia show that high grade mineralization runs deeper than previously known…which could well lead to many more ounces finding their way into the projects next…
Cap-Ex’s iron ore discovery grabs market’s attention
Vancouver – Just two short months ago, Cap-Ex Ventures (CEV-V) was the smallest explorer by market cap looking for iron ore in Eastern Canada’s Labrador Trough. But as the first assays from the company’s main Block 103 iron ore property near…
The Coffee’s hot at Kaminak
The deepest hole ever drilled into Kaminak Gold’s (KAM-V) early stage exploration Coffee property in the Yukon has intersected high-grade gold zones in the Latte zone.
Champion scales up Fire Lake North
Vancouver – Champion Minerals (CHM-T) has released an updated preliminary economic assessment on its 82.5%-owned Fire Lake North project that significantly increases the net present value and resource size.
Prophecy advances its Chandgana power plant
Prophecy Coal (pcy-t) could start constructing its 600 megawatt (MW) Chandgana power plant in Mongolia by early 2013, positioning itself for a 2016 start.
Sabina Gold boosts resources at Back River
A new resource estimate by Sabina Gold & Silver (SBB-T) at its Back River gold project in Nunavut had the company’s share price moving in the right direction.
Mining lease rejected for Reko Diq
London-based Antofagasta (ANTO-L, ANFGY-O) has confirmed that the government of Pakistan’s Balochistan province has rejected a mining lease application for the massive Reko Diq copper-gold project submitted by a subsidiary of its joint-venture…
Guyana is open for business
Guyana has issued its first large-scale mining licence in the gold sector since 1991–giving Guyana Goldfields (GUY-T) the permission it needs to build and operate its Aurora project.
Venture slips downwards in Nov. 14-18 period
Vancouver – The S&P TSX Venture Composite Index was down again in the November 14-18 period, slipping 33.64 points to end at 1,607.67 after three days of losses outweighed two days of gains. Average daily trading volume was up somewhat…
U.S. equities post worst week in eight
U.S. stocks posted their worst week in two months with the Dow Jones Industrial Average dropping 2.94% or 357.52 points to 11,796.16, and the S&P 500 index down 3.8% or 48.2 points to 1,215.65. The Nasdaq Composite was down 106.25 points or…
TSX drops during the Nov.14-18 week
The Nov.14-18 trading period saw the S&P/TSX Composite Index shed 384.41 points to 11,892.44. Similarly the Global Gold Index dropped 28.96 points to 401.17 as the price of gold sank US$63.70 per oz. to US$1,724.80. Following the downward…