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Rich And Stable
Abzu Has Two Potentially Big Gold Properties in Ghana
By Ted Niles
Investor opinion is divided on West Africa. On the one hand, it is a place of extraordinary mineral potential; on the other, it is a region with a high level of geopolitical risk. The March 22 coup by Mali’s military is only the latest example. But Peter Klipfel, President of Abzu Gold Ltd TSXV:ABS, has reason to believe that Mali is the exception in the region and that neighbouring Ghana is both rich in minerals and politically secure.
“For the last 15 years now, Ghana has had a very stable government and parliamentary process,” Klipfel reports. “You have an emerging middle class that has expectations of its country and society. They are an entrepreneurial bunch. And for the most part, what you see is a legitimate and fair rule of law and order. If there ever was an issue, I take faith in the fact that it would go a lot better than it might if you were somewhere like Venezuela.”
Read more about Abzu and gold in West Africa. http://resourceclips.com/2012/04/20/rich-and-stable/
Rich And Stable
Abzu Has Two Potentially Big Gold Properties in Ghana
By Ted Niles
Investor opinion is divided on West Africa. On the one hand, it is a place of extraordinary mineral potential; on the other, it is a region with a high level of geopolitical risk. The March 22 coup by Mali’s military is only the latest example. But Peter Klipfel, President of Abzu Gold Ltd TSXV:ABS, has reason to believe that Mali is the exception in the region and that neighbouring Ghana is both rich in minerals and politically secure.
“For the last 15 years now, Ghana has had a very stable government and parliamentary process,” Klipfel reports. “You have an emerging middle class that has expectations of its country and society. They are an entrepreneurial bunch. And for the most part, what you see is a legitimate and fair rule of law and order. If there ever was an issue, I take faith in the fact that it would go a lot better than it might if you were somewhere like Venezuela.”
Read more about Abzu and gold in West Africa. http://resourceclips.com/2012/04/20/rich-and-stable/
Melkior President Jens Hansen on Ontario gold assays of 51.92 g/t over 3.7m
Melkior Resources Inc TSXV:MKR announced drill results from its Carscallen gold project in the West Timmins Gold District of northeastern Ontario. Highlights include
7.12 g/t gold over 1.9 metres
51.92 g/t over 3.7 metres
5.09 g/t over 1.3 metres
1.08 g/t over 1 metres
5.19 g/t over 0.5 metres
President Jens Hansen tells ResourceClips.com, “Carscallen is a property that Melkior has had for about four or five years. It is located in the western part of Timmins. The Timmins camp has produced 70 million ounces of gold since 1910. If you’re going to explore for gold, the best place is in the middle of a camp. The property adjoins Lake Shore Gold TSX:LSG which made a fairly significant discovery on their property [ie, the Timmins Mine] a few years ago. We started exploring Carscallen about four years ago and have been systematically drilling there. There are some seven or eight old gold occurrences on the property.
Read more about Melkior's gold assays. http://resourceclips.com/2012/04/16/melkior-president-jens-hansen-on-ontario-gold-assays-of-51-92-gt-over-3-7m/
Auguries—Doubling Down
April 12, 2012
By Kevin Michael Grace
Gold was up (at press time) $44.90 (+2.8%) for the week to $1,676.60, and silver was up $0.68 (+2.1%) to $32.36. Fox Business attributed the gains to “Bill Dudley, the president of the New York Fed, signal[ing] that he is most likely in favour of providing additional [quantitative] easing as he gave a negative read on the economy.”
According to Dudley, “It is still too soon to conclude that we are out of the woods, as underlined by the March labour market release. To begin with, the economic data looked brighter at this point in 2010 and again in 2011, only to fade later in those years.”
Read more about gold prices and the junior resources market. http://resourceclips.com/2012/04/12/auguries%E2%80%94doubling-down/
Auguries—Doubling Down
April 12, 2012
By Kevin Michael Grace
Gold was up (at press time) $44.90 (+2.8%) for the week to $1,676.60, and silver was up $0.68 (+2.1%) to $32.36. Fox Business attributed the gains to “Bill Dudley, the president of the New York Fed, signal[ing] that he is most likely in favour of providing additional [quantitative] easing as he gave a negative read on the economy.”
According to Dudley, “It is still too soon to conclude that we are out of the woods, as underlined by the March labour market release. To begin with, the economic data looked brighter at this point in 2010 and again in 2011, only to fade later in those years.”
Read more about gold prices and the junior resources market. http://resourceclips.com/2012/04/12/auguries%E2%80%94doubling-down/
Auguries—Penny Wise, Pound Foolish
April 5, 2012
By Kevin Michael Grace
Gold was down (at press time) $23.30 (-1.4%) for the week to $1,631.70, and silver was up $0.10 (+0.3%) to $31.68. Gold and silver recovered Thursday after falling 3.5% and 6.7% respectively Wednesday, which Bloomberg attributed to “signs that the Federal Reserve won’t provide more US economic stimulus, boosting the dollar and eroding the appeal of precious metals as alternative investments.”
According to Frank Lesh of FuturePath Trading, “The market has decided that yesterday’s statement is probably the final nail in the coffin” for those counting on another round of quantitative easing. Lesh could be right, but it is important to note that “yesterday’s statement” was actually made March 13.
Read more about gold prices and the junior sector. http://resourceclips.com/2012/04/05/auguries%E2%80%94penny-wise-pound-foolish/
Auguries—Penny Wise, Pound Foolish
April 5, 2012
By Kevin Michael Grace
Gold was down (at press time) $23.30 (-1.4%) for the week to $1,631.70, and silver was up $0.10 (+0.3%) to $31.68. Gold and silver recovered Thursday after falling 3.5% and 6.7% respectively Wednesday, which Bloomberg attributed to “signs that the Federal Reserve won’t provide more US economic stimulus, boosting the dollar and eroding the appeal of precious metals as alternative investments.”
According to Frank Lesh of FuturePath Trading, “The market has decided that yesterday’s statement is probably the final nail in the coffin” for those counting on another round of quantitative easing. Lesh could be right, but it is important to note that “yesterday’s statement” was actually made March 13.
Read more about gold prices and the junior sector. http://resourceclips.com/2012/04/05/auguries%E2%80%94penny-wise-pound-foolish/
Golden Hope President Frank Candido on Quebec assays of 1.79 g/t gold, 27.52 g/t silver over 3.8m
Golden Hope Mines Limited TSXV:GNH announced assays from its Champagne deposit in the Appalachian Fold Belt of southeastern Quebec. Results include
1.23 g/t gold, 11.71 g/t silver and 1.6% zinc over 11.7 metres
(including 1.79 g/t gold, 27.52 g/t silver and 2.77% zinc over 3.8 metres)
1.15 g/t gold, 17.24 g/t silver and 2.2% zinc over 8.2 metres
(including 2.02 g/t gold, 30.14 g/t silver and 3.56% zinc over 4.7 metres)
1.28 g/t gold, 14.33 g/t silver and 1.73% zinc over 1.7 metres
President Frank Candido tells ResourceClips.com, “Bellechase-Timmins is a diorite quartz veining-hosted gold ore body, so it’s completely distinct from Champagne, which is a volcanic sulphide deposit. There was a report published by a gentleman by the name of Bergman in 1954, which was then updated in the 1990s by the Centre Geoscientifique de Quebec, which stated there was approximately a (non-NI 43-101) 300,000-tonne deposit—very shallow because all the drilling was very shallow—[grading] 2.4 g/t gold and approximately 20 g/t silver, with copper, lead and zinc credits.
Read more about the Golden Hope Mines' gold play. http://resourceclips.com/2012/04/13/golden-hope-president-frank-candido-on-quebec-assays-of-1-79-gt-gold-27-52-gt-silver-over-3-8m/
Speed the Way to PEA
Galaxy Prepares to Advance Two Quebec Graphite Projects
By Greg Klein
Imagine the disappointment. While performing airborne electro-magnetic surveys in eastern Quebec in 1998, the Finnish company Outokumpu found many strong conductors. That raised their hopes for massive sulphides and, with visions of a base metals discovery dancing in their heads, they followed up with groundwork. All they found was graphite. But one company’s trash is now another’s treasure.
Fourteen years later, the carbon allotrope is no longer mineral non grata but the mineral du jour, and Outokumpu’s disappointment is Galaxy Capital’s TSXV:GXY flagship Sun Graphite Project. With an experienced graphite hand in President/CEO Chris Healey, Galaxy is ready to push the project as fast as its potential will allow. “With the surface outcrops where we are, you can advance a property very quickly,” he declares.
Read more about this and other graphite plays. http://resourceclips.com/2012/04/11/speed-the-way-to-pea/
Onward To 2016
Rainy River is Four Years Away from Gold Production
By Ted Niles
Rainy River Resources TSX:RR lost roughly 40% of its value in September 2011. Crummy assay results? Funding problems? Corporate upheaval? None of the above. Just the vagaries of the market. “The Rainy River project is only getting better with time,” President and CEO Raymond Threlkeld emphasizes. “It’s getting bigger and the economics are becoming better.”
The company continues to advance it eponymous gold project, located on 16,530 hectares in what is fast being recognized as an emerging gold district in Ontario’s southwest. On February 24, Rainy River released an updated NI 43-101 resource estimate for the 16,530-hectare property of 5.72 million ounces gold and 12 million ounces silver in the measured and indicated categories, marking a 30% and 32% increase in gold and silver ounces, respectively. The report also outlined inferred resources of 2.25 million ounces gold and 6.77 million ounces silver inferred.
Read the rest of this article. http://resourceclips.com/2012/04/10/onward-to-2016/
Onward To 2016
Rainy River is Four Years Away from Gold Production
By Ted Niles
Rainy River Resources TSX:RR lost roughly 40% of its value in September 2011. Crummy assay results? Funding problems? Corporate upheaval? None of the above. Just the vagaries of the market. “The Rainy River project is only getting better with time,” President and CEO Raymond Threlkeld emphasizes. “It’s getting bigger and the economics are becoming better.”
The company continues to advance it eponymous gold project, located on 16,530 hectares in what is fast being recognized as an emerging gold district in Ontario’s southwest. On February 24, Rainy River released an updated NI 43-101 resource estimate for the 16,530-hectare property of 5.72 million ounces gold and 12 million ounces silver in the measured and indicated categories, marking a 30% and 32% increase in gold and silver ounces, respectively. The report also outlined inferred resources of 2.25 million ounces gold and 6.77 million ounces silver inferred.
Read the rest of this article. http://resourceclips.com/2012/04/10/onward-to-2016/
Home Continent Advantage
Quantum’s Nebraska Niobium Resource Project Will Reduce Foreign Dependence
By Ted Niles
That the US imports 100% of its niobium—indeed, that 85% of the world’s niobium is produced by just one Brazilian company—doesn’t inspire panic in the average person. While familiarity with the metal and its uses is not widespread, the US National Academy of Sciences has deemed it a “critical” metal, and the absence of a domestic producer troubles Washington. Particularly as worldwide demand is predicted to outstrip supply by 2018. Enter Quantum Rare Earth Developments TSXV:QRE, whose Elk Creek Project in Nebraska boasts America’s only NI 43-101-compliant niobium resource.
The 3,802-hectare property was acquired in 2010 by Quantum, which was quick to take advantage of the work carried out by Molycorp in the 1970s and 1980s. “They did over 150,000 feet of drilling,” reports Quantum President/CEO Peter Dickie. “Molycorp walked away from a lot of their exploration projects as they put their Mountain Pass Mine into production, and this was one of them.”
Read more about Quantum's Niobium resource. http://resourceclips.com/2012/04/04/the-home-continent-advantage/
Home Continent Advantage
Quantum’s Nebraska Niobium Resource Project Will Reduce Foreign Dependence
By Ted Niles
That the US imports 100% of its niobium—indeed, that 85% of the world’s niobium is produced by just one Brazilian company—doesn’t inspire panic in the average person. While familiarity with the metal and its uses is not widespread, the US National Academy of Sciences has deemed it a “critical” metal, and the absence of a domestic producer troubles Washington. Particularly as worldwide demand is predicted to outstrip supply by 2018. Enter Quantum Rare Earth Developments TSXV:QRE, whose Elk Creek Project in Nebraska boasts America’s only NI 43-101-compliant niobium resource.
The 3,802-hectare property was acquired in 2010 by Quantum, which was quick to take advantage of the work carried out by Molycorp in the 1970s and 1980s. “They did over 150,000 feet of drilling,” reports Quantum President/CEO Peter Dickie. “Molycorp walked away from a lot of their exploration projects as they put their Mountain Pass Mine into production, and this was one of them.”
Read more about Quantum's Niobium resource. http://resourceclips.com/2012/04/04/the-home-continent-advantage/
Home Continent Advantage
Quantum’s Nebraska Niobium Resource Project Will Reduce Foreign Dependence
By Ted Niles
That the US imports 100% of its niobium—indeed, that 85% of the world’s niobium is produced by just one Brazilian company—doesn’t inspire panic in the average person. While familiarity with the metal and its uses is not widespread, the US National Academy of Sciences has deemed it a “critical” metal, and the absence of a domestic producer troubles Washington. Particularly as worldwide demand is predicted to outstrip supply by 2018. Enter Quantum Rare Earth Developments TSXV:QRE, whose Elk Creek Project in Nebraska boasts America’s only NI 43-101-compliant niobium resource.
The 3,802-hectare property was acquired in 2010 by Quantum, which was quick to take advantage of the work carried out by Molycorp in the 1970s and 1980s. “They did over 150,000 feet of drilling,” reports Quantum President/CEO Peter Dickie. “Molycorp walked away from a lot of their exploration projects as they put their Mountain Pass Mine into production, and this was one of them.”
Read more about Quantum's Niobium resource. http://resourceclips.com/2012/04/04/the-home-continent-advantage/
Home Continent Advantage
Quantum’s Nebraska Niobium Resource Project Will Reduce Foreign Dependence
By Ted Niles
That the US imports 100% of its niobium—indeed, that 85% of the world’s niobium is produced by just one Brazilian company—doesn’t inspire panic in the average person. While familiarity with the metal and its uses is not widespread, the US National Academy of Sciences has deemed it a “critical” metal, and the absence of a domestic producer troubles Washington. Particularly as worldwide demand is predicted to outstrip supply by 2018. Enter Quantum Rare Earth Developments TSXV:QRE, whose Elk Creek Project in Nebraska boasts America’s only NI 43-101-compliant niobium resource.
The 3,802-hectare property was acquired in 2010 by Quantum, which was quick to take advantage of the work carried out by Molycorp in the 1970s and 1980s. “They did over 150,000 feet of drilling,” reports Quantum President/CEO Peter Dickie. “Molycorp walked away from a lot of their exploration projects as they put their Mountain Pass Mine into production, and this was one of them.”
Read more about Quantum's Niobium resource. http://resourceclips.com/2012/04/04/the-home-continent-advantage/
Liquid Gold
Increased Fracking Creates a Burgeoning Water Services Industry
By G Joel Chury
Hydraulic fracturing or fracking is the process whereby hydrocarbons are freed from within shale rock deposits by pressurized water and additives. Such is the hunger for energy that 80% of all new North American oil and gas drilling now utilizes this technique, which, in its current form, is barely a decade old. Fracking requires enormous amounts of water, which has midwifed the birth of a highly lucrative water services industry.
For every horizontal well that is drilled, the fracking involved uses two to six million gallons of groundwater. This year, in the United States alone, the industry is projected to use anywhere from 70 billion to 140 billion gallons. Water services can amount to up to 30% of the initial costs of a new well.
Read more about well servicing, fracking, and energy. http://resourceclips.com/2012/04/03/liquid-gold/
Marathon CEO Phillip Walford on Newfoundland JV gold resource
Marathon Gold Corporation TSX:MOZ in joint venture with Mountain Lake Resources Inc TSXV:MOA announced an updated NI 43-101 mineral resource estimate for the Leprechaun deposit of the Valentine Lake project in central Newfoundland. The deposit now has measured and indicated resources of 424,000 ounces gold and inferred resource of 305,000 ounces.
The property is a 50/50 joint venture with Marathon as the project operator. Marathon President/CEO Phillip Walford tells ResourceClips.com, “During the last year we discovered that some of the historic drill holes were not what they should’ve been, and we’ve had to remove them from the database. That’s hurt us a little bit in the resource, in tonnage and grade and also in classification, but overall I think that will be behind us now. This year we’re pretty much mitigating all of that, and we’ve got an aggressive drill program going on. Our real focus now is on the high-grade zones, which really drive this deposit.
Read the rest of this article. http://resourceclips.com/2012/04/01/marathon-ceo-phillip-walford-on-newfoundland-jv-gold-resource/
Auguries—Scrooge Turns Left
March 29, 2012
By Kevin Michael Grace
Gold was up (at press time) $10.10 (+0.6%) for the week to $1,655, and silver was up $0.41 (+1.3%) to $31.58. According to Reuters, gold “has struggled for traction after a rally early in the week sparked by Federal Reserve hints that accommodative monetary policy is set to persist.”
The reference above is to a Monday speech by the Ben Bernanke, wherein he fretted that recalcitrant joblessness was “something of a puzzle” and declared, “While both cyclical and structural forces have doubtless contributed to the increase in long-term unemployment, the continued weakness in aggregate demand is likely the predominant factor. Consequently, the Federal Reserve’s accommodative monetary policies, by providing support for demand and for the recovery, should help, over time, to reduce long-term unemployment as well.”
Read the rest of this article. http://resourceclips.com/2012/03/29/auguries%E2%80%94scrooge-turns-left/
Auguries—Scrooge Turns Left
March 29, 2012
By Kevin Michael Grace
Gold was up (at press time) $10.10 (+0.6%) for the week to $1,655, and silver was up $0.41 (+1.3%) to $31.58. According to Reuters, gold “has struggled for traction after a rally early in the week sparked by Federal Reserve hints that accommodative monetary policy is set to persist.”
The reference above is to a Monday speech by the Ben Bernanke, wherein he fretted that recalcitrant joblessness was “something of a puzzle” and declared, “While both cyclical and structural forces have doubtless contributed to the increase in long-term unemployment, the continued weakness in aggregate demand is likely the predominant factor. Consequently, the Federal Reserve’s accommodative monetary policies, by providing support for demand and for the recovery, should help, over time, to reduce long-term unemployment as well.”
Read the rest of this article. http://resourceclips.com/2012/03/29/auguries%E2%80%94scrooge-turns-left/
Bigstone, Big Comeback
High-Liquid Content Makes Alberta-BC’s Montney Play Lucrative Once More
By G Joel Chury
The Montney Shale Natural Gas Field was a lucrative play back in 2008. Today, with pitiful prices of $2.15 per thousand cubic feet of natural gas (mcf), most of this giant formation that straddles the BC-Alberta border is deserted, with one exception: the Bigstone formation.
Situated primarily on the Alberta side of the Montney field, Bigstone is drawing attention for its high liquid content and has enticed mid-cap players such as Delphi Energy TSX:DEE, Celtic Exploration TSX:CLT and Trilogy Energy TSX:TET, as well as smaller but well-positioned juniors such as Blackbird Energy TSXV:BBI, Donnybrook Energy TSXV:DEI and Pennant Energy TSXV:PEN.
Read the rest of this article. http://resourceclips.com/2012/03/30/bigstone-big-comeback/
Mexican Focus
Cangold Pushes Ixhuatan Gold Project toward Prefeasibility
By Greg Klein
Now this is a testament to the lure of gold—and of Mexico. Two producing silver mines, a silver development project and a silver exploration project, all south of the Rio Grande, didn’t quite satisfy the management of Great Panther Silver TSX:GPR. Hence the existence of Cangold TSXV:CLD, a company whose management and board are almost identical to Great Panther’s. Having picked up a 75% option on the Ixhuatan Project in the same country, Cangold has a gold project moving toward prefeasibility.
“The beauty of this is that it’s an advanced-stage project with a compliant resource of 1.7 million gold ounces,” says President/CEO Bob Archer. “And because it’s the same management team as Great Panther, we can move it into production, if that’s the case.”
Read the rest of this article. http://resourceclips.com/2012/03/28/mexican-focus/
Mexican Focus
Cangold Pushes Ixhuatan Gold Project toward Prefeasibility
By Greg Klein
Now this is a testament to the lure of gold—and of Mexico. Two producing silver mines, a silver development project and a silver exploration project, all south of the Rio Grande, didn’t quite satisfy the management of Great Panther Silver TSX:GPR. Hence the existence of Cangold TSXV:CLD, a company whose management and board are almost identical to Great Panther’s. Having picked up a 75% option on the Ixhuatan Project in the same country, Cangold has a gold project moving toward prefeasibility.
“The beauty of this is that it’s an advanced-stage project with a compliant resource of 1.7 million gold ounces,” says President/CEO Bob Archer. “And because it’s the same management team as Great Panther, we can move it into production, if that’s the case.”
Read the rest of this article. http://resourceclips.com/2012/03/28/mexican-focus/
Energizer VP Brent Nykoliation on Madagascar metallurgical results, private placement
Energizer Resources Inc TSX:EGZ announced metallurgical test results from its Green Giant Project in Madagascar and a private placement by DRA Mineral Projects.
The North Carolina State University Minerals Research Laboratory analyzed graphite ore samples from the project’s Fotsy and Molo zones for preliminary evaluations of recovery. Simple mechanical crushing with no flotation yielded flake sizes of +50 mesh. According to Tom Burkett, VP of Graphite Materials & Systems at SGL Group, the world’s largest carbon company, +50 mesh is considered jumbo flake. Both ores have produced graphite concentrates at purities of +90%.
Read the rest of this interview. http://resourceclips.com/2012/03/28/energizer-vp-brent-nykoliation-on-madagascar-metallurgical-results-private-placement/
A Pleasant Surprise
Zenyatta Finds Graphite while Exploring Ontario for Nickel-Copper
By Greg Klein
On completing its December 2010 IPO of $9.9 million, Zenyatta Ventures TSXV:ZEN began 2011 with big ambitions. The company set out to explore its Albany Project in northern Ontario, which may sit on a structure related to the Mid-Continent Rift, home of a number of significant deposits around Lake Superior. Zenyatta hoped for a nickel-copper-polymetallic deposit comparable to the Norilsk Nickel mine in Siberia, Vale‘s Voisey’s Bay operation in Labrador or Rio Tinto‘s Eagle deposit in Michigan. So far, that goal has proved elusive. But what the Albany Project (aka Arc of Fire) drill results do show, says President/CEO Aubrey Eveleigh, might be equally compelling—the possibility of an exceptionally large deposit containing the exceptionally unusual occurrence of vein-type graphite.
Vein (or lump) graphite is the rarest, hence most expensive, type of natural graphite. At the other end of the scale, amorphous graphite is the type most commonly found and is widely used for steelmaking, auto parts, sports equipment and other applications. Flake graphite is essential to the emerging markets that include solar panels, fuel cells, pebble-bed nuclear reactors and the lithium-ion batteries that are becoming standard for electronic devices and electric vehicles. But little is spoken of vein graphite—likely because there’s so little to speak of.
Read the rest of this article. http://resourceclips.com/2012/03/26/a-pleasant-surprise/
A Pleasant Surprise
Zenyatta Finds Graphite while Exploring Ontario for Nickel-Copper
By Greg Klein
On completing its December 2010 IPO of $9.9 million, Zenyatta Ventures TSXV:ZEN began 2011 with big ambitions. The company set out to explore its Albany Project in northern Ontario, which may sit on a structure related to the Mid-Continent Rift, home of a number of significant deposits around Lake Superior. Zenyatta hoped for a nickel-copper-polymetallic deposit comparable to the Norilsk Nickel mine in Siberia, Vale‘s Voisey’s Bay operation in Labrador or Rio Tinto‘s Eagle deposit in Michigan. So far, that goal has proved elusive. But what the Albany Project (aka Arc of Fire) drill results do show, says President/CEO Aubrey Eveleigh, might be equally compelling—the possibility of an exceptionally large deposit containing the exceptionally unusual occurrence of vein-type graphite.
Vein (or lump) graphite is the rarest, hence most expensive, type of natural graphite. At the other end of the scale, amorphous graphite is the type most commonly found and is widely used for steelmaking, auto parts, sports equipment and other applications. Flake graphite is essential to the emerging markets that include solar panels, fuel cells, pebble-bed nuclear reactors and the lithium-ion batteries that are becoming standard for electronic devices and electric vehicles. But little is spoken of vein graphite—likely because there’s so little to speak of.
Read the rest of this article. http://resourceclips.com/2012/03/26/a-pleasant-surprise/
Premier Gold President Ewan Downie on Ontario JV gold assays of 68.87 g/t gold over 3.5m
Premier Gold Mines Limited TSX:PG in joint venture with Goldcorp TSX:G announced assay results from the Wilmar Mine target area of the Rahill-Bonanza project in Ontario. Highlights include
68.87 g/t gold over 3.5 metres (including 207.43 g/t over 1.2 metres)
46.15 g/t over 4.5 metres
15.12 g/t over 2 metres
19.8 g/t over 1.2 metres
60.01 g/t over 2.6 metres
89.95 g/t over 1 metre
The Rahill-Bonanza project is owned 49% by Premier and 51% by Goldcorp.
The companies also announced that the Cochenour-Red Lake haulage drift that is being constructed has crossed onto the Rahill-Bonanza project. Premier President Ewan Downie tells ResourceClips.com, “On the uncomformity contact, the Rahill-Bonanza joint venture property covers about 4.5 kilometres of the favourable horizon that hosts the Red Lake Mine on one side and the Bruce Channel deposit and Cochenour Mine on the other side. Goldcorp is building a haulage tram to link the two operations at a depth of 5,400 feet. We have been drilling underneath the historic Wilmar mine at depth towards where the tram is going to come through. From that tram we will be exploring the whole strike length of the Red Lake mine trend, which has never been drilled at the depth of the tram. So it’s opening up a whole new horizon for exploration and, hopefully, future development.
Read the rest of this article. http://resourceclips.com/2012/03/27/premier-gold-president-ewan-downie-on-ontario-jv-gold-assays-of-68-87-gt-gold-over-3-5m/
Premier Gold President Ewan Downie on Ontario JV gold assays of 68.87 g/t gold over 3.5m
Premier Gold Mines Limited TSX:PG in joint venture with Goldcorp TSX:G announced assay results from the Wilmar Mine target area of the Rahill-Bonanza project in Ontario. Highlights include
68.87 g/t gold over 3.5 metres (including 207.43 g/t over 1.2 metres)
46.15 g/t over 4.5 metres
15.12 g/t over 2 metres
19.8 g/t over 1.2 metres
60.01 g/t over 2.6 metres
89.95 g/t over 1 metre
The Rahill-Bonanza project is owned 49% by Premier and 51% by Goldcorp.
The companies also announced that the Cochenour-Red Lake haulage drift that is being constructed has crossed onto the Rahill-Bonanza project. Premier President Ewan Downie tells ResourceClips.com, “On the uncomformity contact, the Rahill-Bonanza joint venture property covers about 4.5 kilometres of the favourable horizon that hosts the Red Lake Mine on one side and the Bruce Channel deposit and Cochenour Mine on the other side. Goldcorp is building a haulage tram to link the two operations at a depth of 5,400 feet. We have been drilling underneath the historic Wilmar mine at depth towards where the tram is going to come through. From that tram we will be exploring the whole strike length of the Red Lake mine trend, which has never been drilled at the depth of the tram. So it’s opening up a whole new horizon for exploration and, hopefully, future development.
Read the rest of this interview. http://resourceclips.com/2012/03/27/premier-gold-president-ewan-downie-on-ontario-jv-gold-assays-of-68-87-gt-gold-over-3-5m/
Top Of The World
Sienna Finds High Silver and Gold Grades in Peru’s Andes
By Ted Niles
A year ago, Sienna Gold TSXV:SGP was focused on the Domo and Tesoros areas of its Igor project in Peru. Its objective was to turn them into a small but economic near-term mine. But an eight-hole drill campaign on the nearby Callanquitas structure, completed May 2011, led to a 15,000-metre campaign, which might very well transform the company’s prospects. “I’m very excited, and I think the future’s very bright for Sienna,” says President John Rucci.
“We had started a prefeasibility-type study for the small mine at Domo and Tesoros,” President John Rucci explains, “and part of the drilling there was to close in the ounces that we have in the resource. That’s moving forward, but now in light of what’s coming out of Callanquitas, the design would have to be much different than what we’d planned. If in fact it provides what we need, we’ll start investigating opportunities to put the whole thing in production—Callanquitas, Domo and Tesoros.”
Read the rest of this article. http://resourceclips.com/2012/03/27/top-of-the-world/
Top Of The World
Sienna Finds High Silver and Gold Grades in Peru’s Andes
By Ted Niles
A year ago, Sienna Gold TSXV:SGP was focused on the Domo and Tesoros areas of its Igor project in Peru. Its objective was to turn them into a small but economic near-term mine. But an eight-hole drill campaign on the nearby Callanquitas structure, completed May 2011, led to a 15,000-metre campaign, which might very well transform the company’s prospects. “I’m very excited, and I think the future’s very bright for Sienna,” says President John Rucci.
“We had started a prefeasibility-type study for the small mine at Domo and Tesoros,” President John Rucci explains, “and part of the drilling there was to close in the ounces that we have in the resource. That’s moving forward, but now in light of what’s coming out of Callanquitas, the design would have to be much different than what we’d planned. If in fact it provides what we need, we’ll start investigating opportunities to put the whole thing in production—Callanquitas, Domo and Tesoros.”
Read the rest of this article. http://resourceclips.com/2012/03/27/top-of-the-world/
Auguries—Fire Fighting
March 22, 2012
By Kevin Michael Grace
Gold was down (at press time) $13.80 (-0.8%) for the week to $1,644.90, and silver was down $0.92 (-2.8%) to $31.58. According to GoldCore, “The superficially rosy US economic outlook has dimmed gold’s safe haven appeal for speculators and some investors…. Weak speculative hands have been washed out of the gold market, and many smaller retail investors have also sold bullion recently due to the widespread concern that gold is overvalued and a bubble.”
Bloomberg reports, “Gold may rally as US economic growth in the first half disappoints, prompting further stimulus, Societe Generale SA said March 19.” The Ben Bernanke remains coy on the matter, telling students at George Washington University, “We need to be attentive to where the economy is and not move too quickly to reverse the policies that are helping the recovery.”
Read the rest of this article. http://resourceclips.com/2012/03/22/auguries%E2%80%94fire-fighting/
Auguries—Fire Fighting
March 22, 2012
By Kevin Michael Grace
Gold was down (at press time) $13.80 (-0.8%) for the week to $1,644.90, and silver was down $0.92 (-2.8%) to $31.58. According to GoldCore, “The superficially rosy US economic outlook has dimmed gold’s safe haven appeal for speculators and some investors…. Weak speculative hands have been washed out of the gold market, and many smaller retail investors have also sold bullion recently due to the widespread concern that gold is overvalued and a bubble.”
Bloomberg reports, “Gold may rally as US economic growth in the first half disappoints, prompting further stimulus, Societe Generale SA said March 19.” The Ben Bernanke remains coy on the matter, telling students at George Washington University, “We need to be attentive to where the economy is and not move too quickly to reverse the policies that are helping the recovery.”
Read the rest of this article. http://resourceclips.com/2012/03/22/auguries%E2%80%94fire-fighting/
Neglected No Longer
Noble Explores Overlooked Ontario Nickel and Gold Targets
By Greg Klein
How did virgin territory remain unmolested in Ontario’s promiscuously explored Timmins region? For a number of reasons, the mineral potential of Project 81 went largely unnoticed until 2010. Only the following year did it come under the control of an explorer, at the time known as Ring of Fire Resources. Now, under its new name, Noble Mineral Exploration TSXV:NOB, the company has its attention focused firmly on the property’s Kingsmill nickel and Lucas gold targets.
Timber, not gold or nickel, was the property’s original attraction. That, along with low metal prices and relatively primitive geophysical technology, explains the neglect of its mining potential, Noble President/CEO Vance White explains.
Read the rest of this article. http://resourceclips.com/2012/03/20/neglected-no-longer/
Just As The Name Has It
Canada Lithium Will Be Canada’s Sole Producer By 2013
By Ted Niles
Today it is on track to become this country’s sole lithium producer, but this time last year things looked grim for Canada Lithium Corp TSX:CLQ. An internal review of the October 2010 NI 43-101 technical report for the company’s Quebec Lithium project indicated “a material reduction” in the project’s resources, and the company announced February 2011 it had hired Roscoe Postle and Associates to conduct an independent review. News of the apparent error—confirmed May 2011 in a 37% reduction to the measured and indicated resources—sent the company’s share price plummeting. And a $50-million class-action lawsuit by shareholders in April didn’t help.
But while the loss of a chunk of its resource was a blow to the company, it still wasn’t enough to slow the project down. The results of its June 2011 feasibility study confirmed Quebec Lithium’s essentials were largely intact. Projected annual production of 20,000-tonnes lithium carbonate remained unchanged, as did the estimated life-of-mine—indeed it was fractionally increased to 14.9 years from 14.8 years. The project’s pretax net present value decreased from $270 million to $190 million as a consequence of higher stripping ratios, increased dilution and ore loss, and its internal rate of return decreased from 24% to 22%. But due to a lower mineral reserve grade (0.94% Li2O from 1.17% Li20), the project’s proven and probable reserves actually saw an increase of roughly 1.5 million tonnes for a total of 17.1 million. Capital costs increased from $202 million to $207 million.
Read the rest of this article. http://resourceclips.com/2012/03/19/just-as-the-name-has-it/
Just As The Name Has It
Canada Lithium Will Be Canada’s Sole Producer By 2013
By Ted Niles
Today it is on track to become this country’s sole lithium producer, but this time last year things looked grim for Canada Lithium Corp TSX:CLQ. An internal review of the October 2010 NI 43-101 technical report for the company’s Quebec Lithium project indicated “a material reduction” in the project’s resources, and the company announced February 2011 it had hired Roscoe Postle and Associates to conduct an independent review. News of the apparent error—confirmed May 2011 in a 37% reduction to the measured and indicated resources—sent the company’s share price plummeting. And a $50-million class-action lawsuit by shareholders in April didn’t help.
But while the loss of a chunk of its resource was a blow to the company, it still wasn’t enough to slow the project down. The results of its June 2011 feasibility study confirmed Quebec Lithium’s essentials were largely intact. Projected annual production of 20,000-tonnes lithium carbonate remained unchanged, as did the estimated life-of-mine—indeed it was fractionally increased to 14.9 years from 14.8 years. The project’s pretax net present value decreased from $270 million to $190 million as a consequence of higher stripping ratios, increased dilution and ore loss, and its internal rate of return decreased from 24% to 22%. But due to a lower mineral reserve grade (0.94% Li2O from 1.17% Li20), the project’s proven and probable reserves actually saw an increase of roughly 1.5 million tonnes for a total of 17.1 million. Capital costs increased from $202 million to $207 million.
Read the rest of this article. http://resourceclips.com/2012/03/19/just-as-the-name-has-it/
Aurizon President George Paspalas on 4Q 2011, year-end financial results
Aurizon Mines Ltd TSX:ARZ announced financial results for the fourth quarter and year ending December 31, 2011. Year-end highlights include
Net profit of $43.9 million or $0.27 per share, up 155% from 2010
Revenue of $260 million, up 45% from 2010
Cash flow of $121.3 million, up 138% from 2010
Cash balance of $213 million
Gold production of 163,845 ounces
Cash cost of US$537 per ounce
Fourth quarter highlights include
Net profit of $21.8 million or $0.13 per share
Revenue of $85.7 million
Cash flow of $49 million
Gold production of 45,995 ounces
Cash cost of US$498 per ounce
Aurizon has 11 properties, all in Quebec. They include the Casa Berardi Gold Mine and the advanced-stage Joanna Gold Project.
Speaking to ResourceClips.com, President/CEO George Paspalas addressed a number of issues, starting with the company’s dip in share price. “If you look at some of the headlines, they’re saying things like ‘Record Year but 2012’s No Good.’ The year 2012 is slightly lower in terms of production because the grade’s a bit lower. But it’s only off a little from a record high. I’m surprised at the stock, where it is and the way it’s trending today. But it is what it is. All we can do is go out and keep hitting good results. I believe that at the end of the day that’s what counts. You just have to ride through these periods.
Read the rest of this article. http://resourceclips.com/2012/03/16/aurizon-president-george-paspalas-on-4q-2011-year-end-financial-results/
Auguries—The Muppet Show
March 15, 2012
By Kevin Michael Grace
Gold was down (at press time) $42.50 (-2.5%) for the week to $1,658.70, and silver was down $1.41 (-4.2%) to $32.50. Reuters attributed gold’s decline to (narrative alert!) “removal of the premium attached to further quantitative easing, with prices giving up almost all of the gains made since January 25 when the Fed signaled the potential for additional policy stimulus.” In addition, “A modest upgrade of the [Fed's] economic outlook gave the dollar fresh impetus and investors an excuse to lighten holdings of bullion.”
This column has noted the MSM’s decision to ignore the substantial quantitative easing promulgated by the European Central Bank. Which was not enough, according to Ambrose Evans-Pritchard of the Telegraph: “M1 money supply growth in the big G7 economies and leading E7 emerging powers buckled over the winter. The gauge…peaked at 5.1% in November. It dropped to 3.6% in January and to 2.1% in February. This is comparable to falls seen in mid-2008 in the months leading up to the Great Recession.”
Read the rest of this article. http://resourceclips.com/2012/03/15/auguries%E2%80%94the-muppet-show/
Auguries—The Muppet Show
March 15, 2012
By Kevin Michael Grace
Gold was down (at press time) $42.50 (-2.5%) for the week to $1,658.70, and silver was down $1.41 (-4.2%) to $32.50. Reuters attributed gold’s decline to (narrative alert!) “removal of the premium attached to further quantitative easing, with prices giving up almost all of the gains made since January 25 when the Fed signaled the potential for additional policy stimulus.” In addition, “A modest upgrade of the [Fed's] economic outlook gave the dollar fresh impetus and investors an excuse to lighten holdings of bullion.”
This column has noted the MSM’s decision to ignore the substantial quantitative easing promulgated by the European Central Bank. Which was not enough, according to Ambrose Evans-Pritchard of the Telegraph: “M1 money supply growth in the big G7 economies and leading E7 emerging powers buckled over the winter. The gauge…peaked at 5.1% in November. It dropped to 3.6% in January and to 2.1% in February. This is comparable to falls seen in mid-2008 in the months leading up to the Great Recession.”
Read the rest of this article. http://resourceclips.com/2012/03/15/auguries%E2%80%94the-muppet-show/
Focus CEO Gary Economo on Quebec assays of 2.4% TREO over 48.8m
Focus Metals Inc TSXV:FMS and SOQUEM Inc announced assays from the Kwyjibo polymetallic property in northeastern Quebec. Results include
2.4% total rare earth oxides over 48.8 metres (including 3.4% TREO over 24.3 metres)
1.8% TREO over 32.5 metres (including 5.88% TREO over 1 metre)
1.64% TREO over 20.6 metres (including 7.05% TREO over 0.8 metres)
3.61% TREO over 33.1 metres (including 8.68% TREO over 1 metre)
Focus has an option to earn a 50% interest in the Kwyjibo property and SOQUEM is the project operator. A two-phase follow-up exploration program on the property is currently being designed for the summer 2012. An NI 43-101 resource estimate will be considered following the results.
Read the rest of this interview. http://resourceclips.com/2012/03/15/focus-ceo-gary-economo-on-quebec-assays-of-2-4-treo-over-48-8m/
Major Attraction
Miners Pay Close Attention as Sniper Drills Nevada Gold
By Greg Klein
Sniper Resources’ TSXV:SIP CEO Scott Baxter says Nevada has earned his loyalty. That’s where Baxter’s former company, Tone Resources, hit paydirt — not just for himself, but for Rob McEwen’s US Gold (now McEwen Mining TSX:MUX). McEwen acquired Tone in 2007. “I made him a huge return on his investment,” Baxter says. “And you know what? Today’s a new day, and I want to do it all over again.”
Now the majors are looking at Sniper‘s flagship Weepah Gold Property. Initial results announced March 5 coincided with PDAC and, Baxter says, “generated interest instantly on arrival.” As a result, “Three of the top 10 mining companies asked me for CAs [confidentiality agreements] specific to Weepah.”
Read the rest of this article. http://resourceclips.com/2012/03/14/major-attraction/
Major Attraction
Miners Pay Close Attention as Sniper Drills Nevada Gold
By Greg Klein
Sniper Resources’ TSXV:SIP CEO Scott Baxter says Nevada has earned his loyalty. That’s where Baxter’s former company, Tone Resources, hit paydirt — not just for himself, but for Rob McEwen’s US Gold (now McEwen Mining TSX:MUX). McEwen acquired Tone in 2007. “I made him a huge return on his investment,” Baxter says. “And you know what? Today’s a new day, and I want to do it all over again.”
Now the majors are looking at Sniper‘s flagship Weepah Gold Property. Initial results announced March 5 coincided with PDAC and, Baxter says, “generated interest instantly on arrival.” As a result, “Three of the top 10 mining companies asked me for CAs [confidentiality agreements] specific to Weepah.”
Read the rest of this article. http://resourceclips.com/2012/03/14/major-attraction/