News


Gold rally sputters following US retaliation

Well, so much for the gold rally. Prices for the yellow metal began a downward trend during the Oct. 3-9 report period, falling out of a tight US$290-per-oz. trading range and quietly drifting down to…



Majescor aims drills at Wemindji

Vancouver — A series of financings has paved the way for Majescor Resources (MAJ-V) to ramp up exploration at two promising diamond properties in northern Quebec.The non-brokered private placements t…


Greenland drilling uncovers kimberlite dyke

Joint-venture partners Citation Resources (CUE-V), Cantex Mine Development (CD-V) and BHP Billiton (BHP-N) wrapped up a field season in western Greenland by testing seven targets with 1,000 met…


Eastmain hits sulphides

Drilling by Eastmain Resources (ER-T) at the Railroad property near Bathurst, N.B., has intersected some thin, but extremely high-grade zones of massive sulphides.Six holes were drilled on the Railroa…


Gammon Lake advances Ocampo to feasibility

Having wrapped up an extensive drilling campaign at its Ocampo gold-silver project in Mexico earlier this year, Gammon Lake Resources (GAM-T) is raising more funds and setting its sights on completing…




New drilling at La Bolsa

Fischer-Watt Gold (FWGO-O) has contracted for a new drill program at the La Balsa project in Michoacan state, to provide data for a full feasibility study.The company’s prefeasibility study on La Bals…



Grupo Mexico subsidiary takes credit hit

Bond rating house Fitch IBCA has downgraded the credit rating of Grupo Minera Mexico, the major domestic operating subsidiary of Grupo Mexico.Minera Mexico, which is the direct owner of Grupo’s Canane…


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