Canada

Market downturn hits juniors looking for capital

A faltering U.S. economic recovery, a potential economic cool down in China caused by inflationary pressures and a Greek debt crisis that simply refuses to go away have all translated into a tough start to the year for the junior resource…


Venture Exchange down again

Vancouver – Showing little sign of bucking its trajectory, the S&P TSX Venture Exchange Index closed down for another week with a 36.98 point fall, ending at 1,897.94 points in the June 13 – 17 period. The declines look to have kept some…


Claude Resources' Seabee gold project in Saskatchewan. Photo by Claude Resources

High grades lift Claude

A high-grade intercept at the Seabee gold project in Saskatchewan lifted shares of Claude Resources (CRJ-T, CGR-X), on a day that the yellow metal itself was climbing high.


Two workers killed at Vale’s Stobie mine in Sudbury

The two workers killed June 8 from falling debris at Vale’s (VALE-N) Stobie underground mine in Sudbury, Ont., had worked for the company for many years. Jason Chenier, 35, and Jordan Fram, 26, were working 900 metres underground near an ore…



Orbite produces first test aluminum

Shares in Exploration Orbite (ORT.A-V) have had a wild ride over the last year – moving from a low of 12.5¢ a share in July 2010, to a high of $5.69 on April 12, before slipping to the $3 range during the recent market slowdown. 



People

Alderon Resource – Todd Burlingame appointed executive VP of environment & aboriginal affairs; Gary Norris appointed executive VP of government & community affairs.


Sabina to sell Hackett, turns to gold for growth

Nunavut-focused junior explorer Sabina Gold & Silver (SBB-T) is selling its 100%-owned Hackett River silver-zinc project, located near Bathurst Inlet in northern Nunavut, to Swiss mining powerhouse Xstrata (XTA-L).


A rig drills kimberlite CH-28 at Peregrine Diamonds and BHP Billiton's Chidliak diamond project on Baffin Island, Nunavut. Photo by Peregrine Diamonds

Chidliak flaunts four new kimberlites

During the ongoing 2011 diamond exploration program at the Chidliak project in Nunavut, joint-venture partners Peregrine Diamonds (PGD-T) and BHP Billiton (BHP-N, BLT-L) have already found another four new kimberlites: CH-52, CH-53, CH-54 and…



Ursa gets in the ring with Forbes & Manhattan

Struggling junior nickel miner Ursa Major Minerals (UMJ-T) has told Stan Bharti’s Forbes & Manhattan group to put up its dukes and prepare for a fight at the company’s annual general meeting of shareholders in Toronto on June 23.


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