Atac hits gold in first step-out drilling of 2011
Vancouver – Atac Resources (ATC-V) looks to have met high expectations with the first 2011 step-out drill result on its Carlin-style properties in the Yukon.
Canada
Pele shares surge on Eco Ridge’s positive PEA
Pele Mountain Resources’ (gem-v) shares continued to climb today on the back of a positive preliminary economic assessment (PEA) for the company’s Eco Ridge mine rare earths and uranium project in Elliot Lake, Ont.
Positive metallurgical results for First Point’s Decar
Vancouver – Concept is slowly becoming reality at First Point Minerals’ (FPX-V) unusual nickel project in central British Columbia, with encouraging metallurgical results the latest boost.
Bayfield insiders sell as Rainy River area play overheats
Vancouver – A 400-metre by 800-metre claim block on the eastern side of Rainy River Resources (rr-t) flagship gold project in northwestern Ontario is causing a big commotion over at Bayfield Ventures (byv-v).
Champion Minerals shares jump after shareholder rights plan
As rumours swirl that Champion Minerals (CHM-T) might become a takeover target for Arcelor Mittal (MT-N), the junior has adopted a shareholder rights plan. The news sent the company’s shares up 20% or 30¢ apiece on July 4 to close at $1.80.
Venture ends almost even in June 27-30 period
Vancouver – A shortened June 27 to 30 trading period had the S&P TSX Venture Exchange Index swinging down almost 40 points in the first half before rebounding almost as much in the latter half and ending almost even, down just over a point…
Trevali on the path to production
In the last few months Trevali Mining (TV-T) has expanded its resource base, changed its name, closed a $10-million financing, and listed on the Lima Stock Exchange. Now, it’s working to get two mines into production over the next 12 months.
Mining Association of BC donates $125,000 for First Nations language renewal
The First Peoples’ Cultural Foundation (FPCF) will receive $125,000 over three years from the Mining Association of B.C. (MABC) to assist with the documentation and renewal of endangered First Nations languages in the province.
Suppliers news
Vale awards $600M contract for Long Harbour
Aurizon expands Hosco resource
Drilling between April 2010 and January 2011 has boosted measured and indicated in-pit resources by 31% at Aurizon Mines’ (ARZ-T, AZK-X) Hosco deposit, part of the gold producer’s Joanna project in northwestern Quebec.
Premier Gold takes out Hardrock JV partner
Ewan Downie’s Premier Gold Mines (PG-T) is taking full control of the Hardrock gold project near Geraldton in northwestern Ontario, in which it owns a 70% interest. The company will acquire the remaining 30% by taking over joint-venture-partner…
Taseko posts Q1 profits, new mine plan
Taseko Mines (TKO-T, TGB-X) saw higher first-quarter profits compared to last year, but still fell below the market’s expectations.