RPT cuts more uranium at Split Rapids (July 23, 2007)
Vancouver — Drilling by RPT Uranium (RPT-V, RMPVF-O) to test Archean iron formation rocks on its Split Rapids project, in northwestern Ontario’s Sibley basin, cut 6.5 metres of 0.22% U3O8.
News
Exchange Rates (July 23, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Dividends (July 23, 2007)
Company Div.($) Pay Date Record Date Sherritt 0.03 July 13 June 29 Yamana 0.01* July 16 June 26 Fording 0.65 July 16 June 29 Royal Gold 0.065 July 20 July…
Lending Rates (July 23, 2007)
as of 9 a.m. ET, July 17, 2007(%)
San Gold finding deep gold at Rice Lake (July 23, 2007)
Vancouver — San Gold (SGR-V, SGRCF-O) is looking deep, drilling below the 5,300-ft. level of the Rice Lake gold mine in Manitoba, and finding that significant mineralization continues at depth.
Alcan introduces white knight (July 23, 2007)
Rio Tinto (RTP-N, RIO-L, RIO-A) has entered the lists as a friendly bidder for Alcan (AL-T, AL-N), in a deal that values the Montreal-based aluminum producer at $40 billion and knocks Alcoa (AA-N) out…
Livin’ the Mexican dream
SITE VISIT La Luz, Mexico — It was another gruelling day as a geologist for Pierre O’Dowd, vice-president exploration for Normabec Mining Resources, (NMB-T, NBEMF-O) and he was seriously considering…
Mercury use rising
It’s no easy task convincing the millions of artisanal gold miners across the globe that mercury, a substance they use routinely to extract fine gold from alluvial or lateritic ores, can be harmful to…
The end for Eurasia
Kazakhmys (KZMYF-O, KAZ-L) has taken up 96% of the outstanding shares of Eurasia Gold (EGX-T, EGXDF-O) and will move to a compulsory acquisition of the company.
No big lift for Atna (July 23, 2007)
Not even a 50% increase in resources at its Pinson gold property, in Nevada, could give Atna Resources (ATN-T, ATNAF-O) a substantial lift on the market.
Kakanda signs Otish deal
Shares in Kakanda Resources (KRC-V, KRCFF-O) rose 50% in one day on the company’s recent announcement of a change in focus to four new Otish basin uranium properties in Quebec.
Share the wealth
Commentary A recently published discussion paper has convinced the Prospectors and Developers Association of Canada board of directors to approve the principle of federal and provincial governments sharing natural resource…