Ct Lake: How big can it get?
There is no debating that Trelawney Mining and Exploration’s (TRR-V) Côté Lake deposit is big. But the question on the minds of many junior gold investors is: Just how big?
Canada
Ursa Major gets in the ring with Forbes & Manhattan
Struggling junior nickel miner Ursa Major Minerals (UMJ-T) has told Stan Bharti’s Forbes & Manhattan to put up its dukes and prepare for a proxy fight at Ursa’s annual general meeting on June 23.
Osisko, Clifton Star part ways at Duparquet
Four days after Osisko Mining (OSK-T) and Clifton Star Resources (CFO-V) released a resource estimate for the Beattie deposit – part of their larger Duparquet project – Clifton Star reported that Osisko is withdrawing from the project.
People
Alcoa – Kay Meggers appointed a VP.
Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Temex Resources posts resource for Gowganda
Between 1910 and 1972 the Miller Lake O’Brien silver mine in northeastern Ontario turned out 42 million oz. silver. It also left behind a lot of silver in tailings piles – 2.96 million oz. to be precise.
Bralorne pours first dor bar from historic BC gold mine
Seventy-nine years after the first gold brick was poured from one of British Columbia’s richest and largest gold mines, Bralorne Gold Mines (BPM-V) has restarted operations at the Bralorne complex. The company poured the first gold-silver…
Low-profile shell jumps 510% on investment by big-name investor
A low-profile shell named Drexel Resources (DX-V) has attracted the interest of goldbugs and investors after it announced North Vancouver mining man Mark O’Dea intends on buying 10.7 million shares in a 24-million-share private placement for a…
Golden Minerals, ECU to hook up
Colorado-headquartered miner Golden Minerals (AUM-T, AUNM-X) and Toronto-based ECU Silver Mining (ECU-T) agreed to merge to create a new silver mining company focused mainly in Mexico and Argentina.
Young-Davidson mine becoming a reality for Northgate
Progress at one of Ontario’s more exciting gold deposits continues un-abated as Northgate Minerals Corporation (NGX-T, NXG-X) drives to get its Young-Davidson mine into production. Northgate has already put $170 million into construction…
St Andrew gets a lift from Taylor
St Andrew Goldfields’ (sas-t) shares got a much needed boost, springing almost 8% on the back of some positive news from its Taylor gold project near Timmins, Ont.
Premier Gold takes out Hardrock JV partner
Ewan Downie’s Premier Gold Mines (PG-T) has decided to take full control of the Hardrock gold project near Geraldton in northwestern Ontario, in which it currently owns a 70% interest. The company will acquire the remaining 30% by taking over…