Deals rock Canada’s base metals miners
The second week of 2011 was a breathtaking one in the Canadian base metals scene, with three substantial deals.
South America
Seafield posts more results from Colombia
Five days after shares of Seafield Resources (sff-v) soared 147% to 57¢ on drill results of 449 metres grading 1.29 grams gold per tonne at its Miraflores gold deposit in Risaralda, Colombia, the junior has moved its drills 3 km to the…
Amazon’s Cerrado Verde: a game changer?
Any company whose stock has moved from 93¢ per share to a high of $8.00 over the course of a year deserves a closer look, and so it is with Amazon Mining Holding (amz-v).
HudBay bids for Norsemont (January 17, 2011)
HudBay Minerals (hbm-t, hbm-n) is looking to venture farther south than it ever has before to acquire its next project. The company has made a friendly $520-million pitch to Norsemont Mining’s (nom-t) shareholders in the hope of nabbing…
Galway raises $25M for Colombia
Galway Resources (gwy-v) has released several significant gold-silver hits from its California project in Colombia just as it announces a $25-million financing.The latest results come largely from the Pie de Gallo zone, a 300-metre-long…
Mirasol delivers spectacular silver grades over significant widths
Results for the remaining 21holes completed during a first pass of drilling on the Julia vein target confirm Mirasol Resources (MRZ-V) has made a significant high-grade silver discovery at its wholly owned Virginia project in Argentina’s Santa…
AQM gets first resource estimate done on Zafranal
Just four months after making a deal to hold on to its 50% stake, AQM Copper (AQM-V) has its first resource estimate for the Main Zone of the Zafranal project in Peru. The company says measured and indicated resources came in at 301 million…
Maptek technology, expertise key to Chilean mine rescue
The rescue of 33 trapped miners at the San Jose copper-gold mine near Copiapó, Chile, relied on the latest mapping technology and expertise to succeed.Entombed over 700 metres below the surface and 5 km from the mine’s entrance, the…
Minera Andes pegs Los Azules’ NPV at US$2.9B
Vancouver – Metal prices can make or break a project, and in the case of Minera Andes’ (mai-t) Los Azules copper project in Argentina, a stronger copper price has dramatically increased the potential mine’s value.An updated preliminary economic…
Mirasol jumps on strong silver intercepts
The first seven holes into Mirasol Resources’ (mrz-v) grassroots Virginia silver project in Argentina returned enough silver to add 22% to the company’s share price in a day.Mirasol is working through a 28-hole drill program at Virginia, the…
Three junior potash picks
With potash juniors continuing to enjoy the limelight, Mining Markets asked a few fertilizer analysts for their picks in the sector and came up with three companies that stood out.
Rio Alto to raise $50 million for La Arena
Rio Alto Mining (RIO-V, RIOAF-O) is raising $50 million in a private placement to fund its La Arena copper-gold project, 480 km northwest of Lima in Peru.