Detour Gold taking the direct route towards production
The landscape around Cochrane Ontario is prototypical of the land in northeastern Ontario: a flat horizon dense with coniferous trees, broken only intermittently by a still black lake.
Canada
Cadillac boosts Thierry resource
Cadillac Ventures (CDC-V) has increased the measured and indicated resources by 33% and inferred resources by 75% at its100%-owned Thierry mine project in northwestern Ontario based on drilling completed in 2010 and 2011.
Southern Pacific Resource revises McKay cost estimate
If everything goes according to plan, Southern Pacific Resource (STP-T) will finish construction of its McKay thermal project in Alberta in the second quarter of next year with the first steam to follow and production targeted to get underway…
Agnico’s two pearls in Nunavut
Baker Lake, Nunavut – It’s been a tough and ambitious foray in Canada’s Arctic for Agnico-Eagle Mines (aem-t, aem-n), to say the least, but one that holds much promise.
China Inc buys another slice of the oilsands
Vancouver – Another year, another purchase by a state-owned Chinese energy company in Alberta’s burgeoning oilsands industry.
Enbridge touts pipeline demand as review continues
Vancouver – Building a nearly 1,200-km-long pipeline is inevitably challenging, but putting one through two provinces, the territory of dozens of first nations and long tracks of wilderness, only to emerge in a highly contentious port location…
Norway’s Statoil defends its turf in Alberta’s oilsands
Norway’s Statoil ASA (STO-N, STL-O) has long been considered one of the world’s leading offshore operators but lately it has turned its attention to Canada’s oilsands. The Company landed in Alberta in a big way back in 2007 via its $2 billion…
Magino holds promise for Prodigy Gold
Results from infill and resource expansion drilling at Prodigy Gold’s (PDG-V) Magino gold project in Ontario sent the junior’s shares up 10.34% to close at 64¢ yesterday. At presstime in Toronto Prodigy was trading at 59¢ per share…
Richmont’s Wasamac property shows potential
Shares of Richmont Mines (RIC-T) jumped $1.42 or 15.32% to $10.69 on drill results from its Wasamac property in Quebec and the company plans to expand its exploration program there by another 10,000 metres to 45,000 metres this year as part of…
Selwyn looks to Norway to fund ScoZinc mine restart
Vancouver – Selwyn Resources (SWN-V) is looking to raise US$30 million in a senior bond offering through Norway’s First Securities AS in order to restart operations at the company’s newly acquired ScoZinc zinc-lead mine in Nova Scotia.
Positive results for Lake Shore’s Thorne
Promising assays from Lake Shore Gold’s (LSG-T) Thorne gold property in Timmins, Ont., did little to lift the company’s shares. The junior has been trading near its 52-week low of $1.91 (Aug. 15, 2011) since releasing dismal second-quarter…
Keystone clears major hurdle
Hollywood actors, climate experts and other opponents of the proposed Keystone XL pipeline will have ninety days to prevent the final approval of the project after the U.S. State Department ruled on Friday that the pipeline would have “no…