Hyperion finds home on VSE
Australian-based Hyperion Resources (HYP)) has been called for trading on the Vancouver Stock Exchange.The company’s chief assets are exploration concessions in Cuba and Fiji.At its Holguin property i…
News
GOLD AND PRECIOUS METALS — Cross Lake reports platinum-palladium find
Drilling by East West Resource (EWR-V) has led to the discovery of a zone of platinum-palladium and nickel-copper mineralization at the Reeves-Sewell project, 50 km southwest of Timmins, Ont.The Reeve…
COMMENTARY/GORDON PEELING
Marking mining milestonesThis year marks a milestone for the Canadian mining industry — it is the 100th anniversary of both the Yukon gold rush and the founding of the Canadian Institute of Mining, M…
Indo Pacific trenching exposes showing
The East Indies may no longer be a trendy destination for Canadian junior companies, but their mineral potential is good enough that some persistent explorers are still working quietly on solid projec…
MINING MARKETS AND INVESTMENT NEWS — Investment Commentary — First Marathon analyst gives nod to River Gold Mines
Kerry Smith, mining analyst for First Marathon Securities, has recommended River Gold Mines (RIV-T) as a “solid, long-term holding” for all small-cap and resource accounts.The junior has 30.8 million …
GOLD AND PRECIOUS METALS — Zen International perseveres in China — Junior acquires new gold projects in Guangdong and Henan provinces
Taking on mineral projects in China requires a degree of patience and tenacity few junior companies can muster. Zen International Resources (ZQP-V), which recently doubled the size of its portfolio of…
La Manchuria assays lower than anticipated
Assay results from the last five holes drilled on the Manchuria gold-silver property in Argentina did not match results from hole LM-2, Abacus Minerals (AMC-V) has reported.Hole LM-3 intersected 24.1 …
ODDS ‘N’ SODS — Remembering Harry Warren
As an ex-student of Dr. Harry Warren, I read his recent obituary in The Northern Miner with nostalgic memories of my old mineralogy professor and mentor. This man probably had more influence on the co…
Great Basin seeks funds for Nevada properties
Great Basin Gold (GBG-V) has arranged a $5-million financing with First Marathon Securities and Nesbitt Burns.The money will be raised through the sale of 2.5 million special warrants priced at $2 per…
METAL PRICES -Daily Metal Prices
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMay 12May 11May 8May 7May 6…
Madison raises $10 million for Papua New Guinea exploration
Madison Enterprises (MNP-V) has arranged a bought-deal private placement with Yorkton Securities to generate gross proceeds of $10 million.The investment dealer has agreed to purchase just under 5.3 m…
MINING MARKETS AND INVESTMENT NEWS — Treminco raises funds for Elkhorn
Among the juniors raising funds for work programs is Aur Resources (AUR-T), which has privately placed $250,000 with Patricia Mines (PAT-V).Patricia will use the money to explore its Island Gold proje…