Early but promising results for Ethos
The first trenching results are in from Ethos Capital’s (ECC-V) Mascot Creek gold zone in the Yukon, and they are promising.
Canada
Bidgood results out ahead of good bid
Shortly before receiving a takeover offer from Osisko Mining (OSK-T), Queenston Mining (QMI-T) released some positive drill results from its Bidgood gold project in Kirkland Lake, Ontario.
New Gold on track to produce 1M oz. a year
New Gold’s (NGD-T, NGD-X) third-quarter results are in, and they show the company shaping itself into a significant mid-tier gold producer.
Cameco sweetens hostile Hathor bid
Cameco (CCO-T, CCJ-N) has raised its all-cash hostile offer for Hathor Exploration (HAT-T) by 20%, from $3.75 per share to $4.50 per share, trumping Rio Tinto’s (RIO-N, RIO-L, RIO-A) friendly $4.15 per share, all-cash bid.
Hammond Reef resource swells to 10.5M oz. gold
The owner of Canada’s largest gold mine has news from the largest drill program being completed at a mining project in the country.
Rainy River outlines 329,000 oz. per year gold mine
Rainy River Resources (RR-T) has a positive preliminary economic assessment (PEA) for its flagship Rainy River gold project in northwestern Ontario.
Arianne’s Lac Paul to be ‘next generation’ mine
A prefeasibility study for D’Arianne Resources’ (DAN-V) Lac à Paul phosphate-titanium project in southeastern Quebec has placed the project “among the most attractive of the next generation of phosphate rock mines,” according to Bernard…
Lake Shore flaunts 6.4M oz. resource
By early next year Lake Shore Gold (lsg-t, lsg-x) was aiming to boast a gold resource of 6-million to 8-million ounces. A goal it recently achieved with initial resources from its Thunder Creek and Fenn-Gib projects, bringing…
Fission’s Roughrider area play has shareholders glowing green
Vancouver – With the power play for Hathor Exploration’s (HAT-T) promising Roughrider uranium deposit now in its fourth (but perhaps not final) act, Saskatchewan’s Athabasca basin is taking centre stage in the battle for the world’s next best…
Commentary: Unlocking the wealth of northern Ontario
Discovery of the massive “Ring of Fire,” a chromite-rich mineral deposit in a remote area of northern Ontario, is the first and perhaps easiest step in realizing the site’s potential.
First Point stakes new awaruite prospects in Australia, Yukon
Vancouver – Nickel-iron alloy explorer First Point Minerals (FPX-V) has discovered promising showings of awaruite mineralization in Australia and the Yukon. The company has staked large land packages surrounding the showings and will look to…
Chinese firms to invest $1.36 billion in private B.C. coal projects
Vancouver – British Columbia’s new Liberal premiere, Christy Clark, has made some bold statements to Canada’s mining sector and the rest of the world these past few weeks.