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Northern Persistence
Challenges Notwithstanding, Nunavut Explorers Persevere
By Greg Klein
See Part I of this story. http://resourceclips.com/2012/03/06/minings-last-frontier/
Nunavut’s mining future might have seemed grim indeed when Agnico-Eagle TSX:AEM applied a $644.9-million write-down to Meadowbank, the territory’s sole operating mine. Newmont’s TSX:NEM $1.61-billion write-down of its Hope Bay Gold Project would seem to validate pessimism. Yet Nunavut mining has flourished in the past, and rising commodity prices have brought renewed interest in past-producing operations. Meanwhile, a new strategic alliance offers hope for largely unexplored lands.
Undeterred by its Meadowbank disappointment, Agnico is pushing its Meliadine Gold Project towards 2017 production. But if Elgin Mining TSXV:ELG keeps to its timeline, it will re-open the Lupin Gold Mine by Spring 2014. Located 400 kilometres north of Yellowknife, the mine was shut down by Kinross TSX:K in 2005 after producing 3.34 million ounces. Production, however, was sporadic. The mine was opened October 1982, shut down January 1998, re-opened April 2000, shut down again August 2003, re-opened March 2004 and shut down yet again in February 2005.
Read the rest of this article. http://resourceclips.com/2012/03/12/northern-persistence/
Northern Persistence
Challenges Notwithstanding, Nunavut Explorers Persevere
By Greg Klein
See Part I of this story. http://resourceclips.com/2012/03/06/minings-last-frontier/
Nunavut’s mining future might have seemed grim indeed when Agnico-Eagle TSX:AEM applied a $644.9-million write-down to Meadowbank, the territory’s sole operating mine. Newmont’s TSX:NEM $1.61-billion write-down of its Hope Bay Gold Project would seem to validate pessimism. Yet Nunavut mining has flourished in the past, and rising commodity prices have brought renewed interest in past-producing operations. Meanwhile, a new strategic alliance offers hope for largely unexplored lands.
Undeterred by its Meadowbank disappointment, Agnico is pushing its Meliadine Gold Project towards 2017 production. But if Elgin Mining TSXV:ELG keeps to its timeline, it will re-open the Lupin Gold Mine by Spring 2014. Located 400 kilometres north of Yellowknife, the mine was shut down by Kinross TSX:K in 2005 after producing 3.34 million ounces. Production, however, was sporadic. The mine was opened October 1982, shut down January 1998, re-opened April 2000, shut down again August 2003, re-opened March 2004 and shut down yet again in February 2005.
Read the rest of this article. http://resourceclips.com/2012/03/12/northern-persistence/
Channel VP Cyrus Ameli on Burkina Faso gold assays of 1.28 g/t over 30m
Channel Resources Ltd TSXV:CHU announced assays from the Mankarga 5 deposit of its Tanlouka gold project in Burkina Faso, West Africa. Results include
1.12 g/t gold over 3.1 metres
1.14 g/t over 12 metres (including 17.6 g/t over 0.4 metres)
0.74 g/t over 52.5 metres (including 1.9 g/t over 10.5 metres)
1.28 g/t over 30 metres
0.61 g/t over 57 metres (including 1.3 g/t over 6 metres)
0.81 g/t over 60 metres (including 2.07 g/t over 6 metres)
1.32 g/t over 1.5 metres
2.58 g/t over 3 metres
Senior VP Cyrus Ameli tells ResourceClips.com, “We have just completed the 15,000-metre core drilling program that was focused on one deposit on our Tanlouka project called ManKarga 5. That has been the primary focus of our drilling with the objective of putting out a resource estimate. We’re expecting [the resource estimate] over the next few months—as soon as we get all the results in from that drilling program.
Read the rest of this article. http://resourceclips.com/2012/03/12/channel-vp-cyrus-ameli-on-burkina-faso-gold-assays-of-1-28-gt-over-30m/
Cash-Cow Potential
Golden Reign Advances Low-Cost, High-Grade Nicaragua Gold and Silver
By Ted Niles
Nicaragua has had a stable democracy for 20 years, but the Communist mayhem that saw its gold mines nationalized in 1979 was long remembered by the industry. Free elections in 1990 removed the Sandinistas from power, but a weak gold price kept the industry in eclipse. Now that the gold price has surged, Nicaragua promises an almost singular potential. It is “virtually untapped because of its history of conflict,” says Kim Evans, President and CEO of Golden Reign Resources TSXV:GRR.
Evans reports, “Nicaragua’s just starting to emerge as a major area for mining exploration and development.” Indeed, 2011 gold exports from Nicaragua were up 60% from 2010. Gold is now its third-leading export, and the country’s largest producer, B2Gold Corp TSX:BTO, has committed $100 million for further development of its La Libertad and Limon mines.
Read the rest of this article. http://resourceclips.com/2012/03/13/cash-cow-potential/
Auguries—Paper Chase
March 8, 2012
By Kevin Michael Grace
Gold was down (at press time) $21.80 (-1.3%) for the week to $1,701.20, and silver was down $1.71 (-4.8%) to $33.91. Gold rebounded Thursday but only after earlier in the week falling below its 200-day moving average, a decline Reuters attributed to “dimmer near-term prospects for another round of quantitative easing from the US Federal Reserve.” This explanation was rubbish when it was first advanced last week and remains so this week, but it is the narrative (dread word) of the moment.
At MarketWatch, Peter Brimelow says of the Leap Day Massacre: “This abrupt and decisive shock did more than raise eyebrows.” He notes that GATA “has been much derided for its view that the gold market is manipulated. Now it was able to report a whole procession of significant observers making unprecedented sympathetic noises.”
Read the rest of this article. http://resourceclips.com/2012/03/08/auguries%E2%80%94paper-chase/
Auguries—Paper Chase
March 8, 2012
By Kevin Michael Grace
Gold was down (at press time) $21.80 (-1.3%) for the week to $1,701.20, and silver was down $1.71 (-4.8%) to $33.91. Gold rebounded Thursday but only after earlier in the week falling below its 200-day moving average, a decline Reuters attributed to “dimmer near-term prospects for another round of quantitative easing from the US Federal Reserve.” This explanation was rubbish when it was first advanced last week and remains so this week, but it is the narrative (dread word) of the moment.
At MarketWatch, Peter Brimelow says of the Leap Day Massacre: “This abrupt and decisive shock did more than raise eyebrows.” He notes that GATA “has been much derided for its view that the gold market is manipulated. Now it was able to report a whole procession of significant observers making unprecedented sympathetic noises.”
Read the rest of this article. http://resourceclips.com/2012/03/08/auguries%E2%80%94paper-chase/
Auguries — The Great And Powerful Oz
March 1, 2012
By Kevin Michael Grace
Gold was down (at press time) $59.10 (-3.3%) for the week to $1,722, and silver was up $0.14 (+0.4%) to $35.62. Gold made a modest (and silver a more robust) recovery Thursday, but on Wednesday gold fell almost $100 at one point, with silver falling over $2.50.
The Globe and Mail noted, “Gold’s plunge to less than $1,700 an ounce marked the biggest one-day percentage drop for the metal in more than three years.” It attributed the Leap Day Massacre to the Ben Bernanke having “delivered three hours of testimony without once indicating he felt the need to create more money.” This was the majority view. The Globe quoted Jon Nadler of Kitco, who “said some investors had been expecting that Mr Bernanke, in Congressional testimony, would indicate the Fed was open to another round of so-called quantitative easing—a policy that creates new money and causes people to flock to the perceived safety of gold to protect themselves from inflation.”
Read the rest of this article. http://resourceclips.com/2012/03/01/auguries-%E2%80%94-the-great-and-powerful-oz/
Auguries — The Great And Powerful Oz
March 1, 2012
By Kevin Michael Grace
Gold was down (at press time) $59.10 (-3.3%) for the week to $1,722, and silver was up $0.14 (+0.4%) to $35.62. Gold made a modest (and silver a more robust) recovery Thursday, but on Wednesday gold fell almost $100 at one point, with silver falling over $2.50.
The Globe and Mail noted, “Gold’s plunge to less than $1,700 an ounce marked the biggest one-day percentage drop for the metal in more than three years.” It attributed the Leap Day Massacre to the Ben Bernanke having “delivered three hours of testimony without once indicating he felt the need to create more money.” This was the majority view. The Globe quoted Jon Nadler of Kitco, who “said some investors had been expecting that Mr Bernanke, in Congressional testimony, would indicate the Fed was open to another round of so-called quantitative easing—a policy that creates new money and causes people to flock to the perceived safety of gold to protect themselves from inflation.”
Read the rest of this article. http://resourceclips.com/2012/03/01/auguries-%E2%80%94-the-great-and-powerful-oz/
Auguries—Oraclenomics
February 16, 2012
By Kevin Michael Grace
Gold was down (at press time) $1.20 (-0.1%) for the week to $1,730.10, and silver was down
.40 (-1.2%) to $33.52. According to our favourite wire service, gold remains dependent on the Euro, which isn’t looking too good “after European officials postponed a decision on a bailout package for Greece, which fuelled fears the heavily indebted nation could face a chaotic default.”
This space remains highly sceptical regarding this magical power attributed to the Euro. In any event, we should see a clarification shortly, as the Greek bailout is a busted flush. At best. At worst, it is Germany dealing from the bottom of the deck. According to a website called The Slog, “A written document giving firm dates and detailed actions for a planned Greek default has been in the possession of two top Wall Street bank currency trading bosses since the second week in January… The plan gives a firm date of March 23 for default to be announced after the close of business.”
Read the rest of this article. http://resourceclips.com/2012/02/16/auguries%E2%80%94oraclenomics/
Auguries—Oraclenomics
February 16, 2012
By Kevin Michael Grace
Gold was down (at press time) $1.20 (-0.1%) for the week to $1,730.10, and silver was down
.40 (-1.2%) to $33.52. According to our favourite wire service, gold remains dependent on the Euro, which isn’t looking too good “after European officials postponed a decision on a bailout package for Greece, which fuelled fears the heavily indebted nation could face a chaotic default.”
This space remains highly sceptical regarding this magical power attributed to the Euro. In any event, we should see a clarification shortly, as the Greek bailout is a busted flush. At best. At worst, it is Germany dealing from the bottom of the deck. According to a website called The Slog, “A written document giving firm dates and detailed actions for a planned Greek default has been in the possession of two top Wall Street bank currency trading bosses since the second week in January… The plan gives a firm date of March 23 for default to be announced after the close of business.”
Read the rest of this article. http://resourceclips.com/2012/02/16/auguries%E2%80%94oraclenomics/
Auguries—Oraclenomics
February 16, 2012
By Kevin Michael Grace
Gold was down (at press time) $1.20 (-0.1%) for the week to $1,730.10, and silver was down
.40 (-1.2%) to $33.52. According to our favourite wire service, gold remains dependent on the Euro, which isn’t looking too good “after European officials postponed a decision on a bailout package for Greece, which fuelled fears the heavily indebted nation could face a chaotic default.”
This space remains highly sceptical regarding this magical power attributed to the Euro. In any event, we should see a clarification shortly, as the Greek bailout is a busted flush. At best. At worst, it is Germany dealing from the bottom of the deck. According to a website called The Slog, “A written document giving firm dates and detailed actions for a planned Greek default has been in the possession of two top Wall Street bank currency trading bosses since the second week in January… The plan gives a firm date of March 23 for default to be announced after the close of business.”
Read the rest of this article. http://resourceclips.com/2012/02/16/auguries%E2%80%94oraclenomics/
Auguries—You Bet Your Life
February 23, 2012
By Kevin Michael Grace
Gold was up (at press time) $51 (+2.9%) for the week to $1,781.10, and silver was up $1.96 (+5.8%) to $35.48. Bloomberg reported, “Gold climbed to a three-month high…as the dollar weakened, spurring demand for the precious metal as an alternative investment. Silver jumped to a 15-week high.”
Bloomberg attributed gold’s rise to “strong economic numbers out of the US [if you say so] and Germany.” Reuters cited (wait for it) “a stronger Euro, coupled with growing concern over the impact on inflation from oil trading above $120 a barrel.” The Wall Street Journal quoted commodities analyst Ira Epstein, “What really got gold going was once Europe made up its mind that it was going to keep Greece alive with printing presses.” And FastMarkets quoted MKS Finance, “Even though Greeks received a 130 billion Euro package, there’s still perception that the Greek debt has been delayed rather than solved.” MKS concludes, “The macroeconomic picture is looking rather in favour of higher prices.”
Read the rest of this article. http://resourceclips.com/2012/02/23/auguries%E2%80%94you-bet-your-life/
Auguries—You Bet Your Life
February 23, 2012
By Kevin Michael Grace
Gold was up (at press time) $51 (+2.9%) for the week to $1,781.10, and silver was up $1.96 (+5.8%) to $35.48. Bloomberg reported, “Gold climbed to a three-month high…as the dollar weakened, spurring demand for the precious metal as an alternative investment. Silver jumped to a 15-week high.”
Bloomberg attributed gold’s rise to “strong economic numbers out of the US [if you say so] and Germany.” Reuters cited (wait for it) “a stronger Euro, coupled with growing concern over the impact on inflation from oil trading above $120 a barrel.” The Wall Street Journal quoted commodities analyst Ira Epstein, “What really got gold going was once Europe made up its mind that it was going to keep Greece alive with printing presses.” And FastMarkets quoted MKS Finance, “Even though Greeks received a 130 billion Euro package, there’s still perception that the Greek debt has been delayed rather than solved.” MKS concludes, “The macroeconomic picture is looking rather in favour of higher prices.”
Read the rest of this article. http://resourceclips.com/2012/02/23/auguries%E2%80%94you-bet-your-life/
Auguries—You Bet Your Life
February 23, 2012
By Kevin Michael Grace
Gold was up (at press time) $51 (+2.9%) for the week to $1,781.10, and silver was up $1.96 (+5.8%) to $35.48. Bloomberg reported, “Gold climbed to a three-month high…as the dollar weakened, spurring demand for the precious metal as an alternative investment. Silver jumped to a 15-week high.”
Bloomberg attributed gold’s rise to “strong economic numbers out of the US [if you say so] and Germany.” Reuters cited (wait for it) “a stronger Euro, coupled with growing concern over the impact on inflation from oil trading above $120 a barrel.” The Wall Street Journal quoted commodities analyst Ira Epstein, “What really got gold going was once Europe made up its mind that it was going to keep Greece alive with printing presses.” And FastMarkets quoted MKS Finance, “Even though Greeks received a 130 billion Euro package, there’s still perception that the Greek debt has been delayed rather than solved.” MKS concludes, “The macroeconomic picture is looking rather in favour of higher prices.”
Read the rest of this article. http://resourceclips.com/2012/02/23/auguries%E2%80%94you-bet-your-life/
Auguries—You Bet Your Life
February 23, 2012
By Kevin Michael Grace
Gold was up (at press time) $51 (+2.9%) for the week to $1,781.10, and silver was up $1.96 (+5.8%) to $35.48. Bloomberg reported, “Gold climbed to a three-month high…as the dollar weakened, spurring demand for the precious metal as an alternative investment. Silver jumped to a 15-week high.”
Bloomberg attributed gold’s rise to “strong economic numbers out of the US [if you say so] and Germany.” Reuters cited (wait for it) “a stronger Euro, coupled with growing concern over the impact on inflation from oil trading above $120 a barrel.” The Wall Street Journal quoted commodities analyst Ira Epstein, “What really got gold going was once Europe made up its mind that it was going to keep Greece alive with printing presses.” And FastMarkets quoted MKS Finance, “Even though Greeks received a 130 billion Euro package, there’s still perception that the Greek debt has been delayed rather than solved.” MKS concludes, “The macroeconomic picture is looking rather in favour of higher prices.”
Read the rest of this article. http://resourceclips.com/2012/02/23/auguries%E2%80%94you-bet-your-life/
Auguries—You Bet Your Life
February 23, 2012
By Kevin Michael Grace
Gold was up (at press time) $51 (+2.9%) for the week to $1,781.10, and silver was up $1.96 (+5.8%) to $35.48. Bloomberg reported, “Gold climbed to a three-month high…as the dollar weakened, spurring demand for the precious metal as an alternative investment. Silver jumped to a 15-week high.”
Bloomberg attributed gold’s rise to “strong economic numbers out of the US [if you say so] and Germany.” Reuters cited (wait for it) “a stronger Euro, coupled with growing concern over the impact on inflation from oil trading above $120 a barrel.” The Wall Street Journal quoted commodities analyst Ira Epstein, “What really got gold going was once Europe made up its mind that it was going to keep Greece alive with printing presses.” And FastMarkets quoted MKS Finance, “Even though Greeks received a 130 billion Euro package, there’s still perception that the Greek debt has been delayed rather than solved.” MKS concludes, “The macroeconomic picture is looking rather in favour of higher prices.”
Read the rest of this article. http://resourceclips.com/2012/02/23/auguries%E2%80%94you-bet-your-life/
Auguries—You Bet Your Life
February 23, 2012
By Kevin Michael Grace
Gold was up (at press time) $51 (+2.9%) for the week to $1,781.10, and silver was up $1.96 (+5.8%) to $35.48. Bloomberg reported, “Gold climbed to a three-month high…as the dollar weakened, spurring demand for the precious metal as an alternative investment. Silver jumped to a 15-week high.”
Bloomberg attributed gold’s rise to “strong economic numbers out of the US [if you say so] and Germany.” Reuters cited (wait for it) “a stronger Euro, coupled with growing concern over the impact on inflation from oil trading above $120 a barrel.” The Wall Street Journal quoted commodities analyst Ira Epstein, “What really got gold going was once Europe made up its mind that it was going to keep Greece alive with printing presses.” And FastMarkets quoted MKS Finance, “Even though Greeks received a 130 billion Euro package, there’s still perception that the Greek debt has been delayed rather than solved.” MKS concludes, “The macroeconomic picture is looking rather in favour of higher prices.”
Read the rest of this article. http://resourceclips.com/2012/02/23/auguries%E2%80%94you-bet-your-life/
Auguries—You Bet Your Life
February 23, 2012
By Kevin Michael Grace
Gold was up (at press time) $51 (+2.9%) for the week to $1,781.10, and silver was up $1.96 (+5.8%) to $35.48. Bloomberg reported, “Gold climbed to a three-month high…as the dollar weakened, spurring demand for the precious metal as an alternative investment. Silver jumped to a 15-week high.”
Bloomberg attributed gold’s rise to “strong economic numbers out of the US [if you say so] and Germany.” Reuters cited (wait for it) “a stronger Euro, coupled with growing concern over the impact on inflation from oil trading above $120 a barrel.” The Wall Street Journal quoted commodities analyst Ira Epstein, “What really got gold going was once Europe made up its mind that it was going to keep Greece alive with printing presses.” And FastMarkets quoted MKS Finance, “Even though Greeks received a 130 billion Euro package, there’s still perception that the Greek debt has been delayed rather than solved.” MKS concludes, “The macroeconomic picture is looking rather in favour of higher prices.”
Read the rest of this article. http://resourceclips.com/2012/02/23/auguries%E2%80%94you-bet-your-life/
Silver Threads And Zinc Credits
Silver Bull Expands its Resource in Mexico
By Ted Niles
Until Metalline Mining and Dome Ventures merged in 2010, the silver potential of its Mexico Sierra Mojada project hadn’t even been considered. “Metalline had it for over 16 years and focused almost exclusively on the zinc,” Tim Barry explains. “When the merger was done, and we got to the project, we noted there was significant at-surface silver mineralization kicking around that had never been tested. Zinc at the time was living in the 50-cent range, so we changed direction for the company and started focusing on the silver mineralization.”
A month after Barry’s March 2011 appointment to President and CEO, the company took the name Silver Bull Resources TSX:SVB to better reflect that change of direction. And in the space of seven months, Silver Bull released two resource estimates from the project’s Shallow Silver zone demonstrating Sierra Mojada’s silver lining.
Read the rest of this article. http://resourceclips.com/2012/03/05/silver-threads-and-zinc-credits/
Mining's Last Frontier
Nunavut’s Cold, Remote and Potentially Very, Very Rich
By Greg Klein
Canadian explorers and miners operate in over 100 countries, but one of their last frontiers might be within our borders. Nunavut certainly holds potential but, at least for the present, it takes the financial resources of an Agnico Eagle TSX:AEM to bring subterranean resources to surface.
Even then the territory can prove a costly disappointment, as the company’s Meadowbank Gold Mine write-down shows. Last month came news of an even bigger disappointment, Newmont’s TSX:NMC $1.61-billion write-down of its Hope Bay Gold Project. Curiously, the failure was offset to some extent by an announcement made just yesterday. A privately held upstart, HTX Minerals, has formed a strategic alliance with an Inuit organization to explore the region encompassing Hope Bay.
Read the rest of this article. http://resourceclips.com/2012/03/06/minings-last-frontier/
Mining's Last Frontier
Nunavut’s Cold, Remote and Potentially Very, Very Rich
By Greg Klein
Canadian explorers and miners operate in over 100 countries, but one of their last frontiers might be within our borders. Nunavut certainly holds potential but, at least for the present, it takes the financial resources of an Agnico Eagle TSX:AEM to bring subterranean resources to surface.
Even then the territory can prove a costly disappointment, as the company’s Meadowbank Gold Mine write-down shows. Last month came news of an even bigger disappointment, Newmont’s TSX:NMC $1.61-billion write-down of its Hope Bay Gold Project. Curiously, the failure was offset to some extent by an announcement made just yesterday. A privately held upstart, HTX Minerals, has formed a strategic alliance with an Inuit organization to explore the region encompassing Hope Bay.
Read the rest of this article. http://resourceclips.com/2012/03/06/minings-last-frontier/
Goldrush VP Don Willoughby on Burkina Faso gold assays of 6.9 g/t over 8.9m
Goldrush Resources Ltd TSXV:GOD announced results from its Ronguen gold deposit in Burkina Faso, West Africa. Assays include
6.9 g/t gold over 8.9 metres (including 16.3 g/t over 1 metre)
1 g/t over 3 metres
1.6 g/t over 2.6 metres
6.15 g/t over 0.9 metres
1.05 g/t over 12.5 metres
1.3 g/t over 14.2 metres
1.12 g/t over 6.2 metres
1.9 g/t over 12.9 metres
VP Corporate Development Don Willoughby tells ResourceClips.com, “The assay results are good. We got another 6.92 grams over almost 9 metres. There are two significant things here. One, this is in the South zone, and this is the best result we’ve had there yet, which seems to indicate that we’re opening up a new area. We’ve had gold indications there before, but they’ve been low grade, and it’s one of those track-it-down type of things. So that’s very encouraging. Two, it seems to be a new style of mineralization. Driff Cameron, our VP of Exploration, is very excited about this. While its early stage, the reality is there is more gold, and it seems to be a new zone, which is really nice.
Read the rest of this article. http://resourceclips.com/2012/03/02/goldrush-vp-don-willoughby-on-burkina-faso-gold-assays-of-6-9-gt-over-8-9m/
Goldrush VP Don Willoughby on Burkina Faso gold assays of 6.9 g/t over 8.9m
Goldrush Resources Ltd TSXV:GOD announced results from its Ronguen gold deposit in Burkina Faso, West Africa. Assays include
6.9 g/t gold over 8.9 metres (including 16.3 g/t over 1 metre)
1 g/t over 3 metres
1.6 g/t over 2.6 metres
6.15 g/t over 0.9 metres
1.05 g/t over 12.5 metres
1.3 g/t over 14.2 metres
1.12 g/t over 6.2 metres
1.9 g/t over 12.9 metres
VP Corporate Development Don Willoughby tells ResourceClips.com, “The assay results are good. We got another 6.92 grams over almost 9 metres. There are two significant things here. One, this is in the South zone, and this is the best result we’ve had there yet, which seems to indicate that we’re opening up a new area. We’ve had gold indications there before, but they’ve been low grade, and it’s one of those track-it-down type of things. So that’s very encouraging. Two, it seems to be a new style of mineralization. Driff Cameron, our VP of Exploration, is very excited about this. While its early stage, the reality is there is more gold, and it seems to be a new zone, which is really nice.
Read the rest of this article. http://resourceclips.com/2012/03/02/goldrush-vp-don-willoughby-on-burkina-faso-gold-assays-of-6-9-gt-over-8-9m/
Auriga CEO Richard Sutcliffe on Manitoba gold assays of 125.08 g/t over 7.6m
Auriga Gold Corp TSXV:AIA announced assays from the Nokomis deposit of its Maverick gold project in Manitoba. Results include
1.91 g/t gold over 7.3 metres
125.08 g/t over 7.6 metres (including 820.28 g/t over 1.1 metres)
12.27 g/t over 5.2 metres
2.95 g/t over 4.6 metres
5.1 g/t over 6.4 metres
9.65 g/t over 5.6 metres (including 62.23 g/t over 0.5 metres)
President/CEO Richard Sutcliffe tells ResourceClips.com, “Auriga Gold acquired the Maverick project just over a year ago. We really like both the regional exploration potential and the existing infrastructure in the area—this is the Flin Flon Mining Camp. Our focus until recently had been strictly on the Puffy Lake deposit, which is a resource that we built up to three-quarters of a million ounces. This winter we moved out for the first time to one of the satellite deposits on this regional trend, and we’ve come back with some really exciting results from the first drill holes on the Nokomis deposit.
Read the rest of this article. http://resourceclips.com/2012/03/06/auriga-ceo-richard-sutcliffe-on-manitoba-gold-assays-of-125-08-gt-over-7-6m/
Will post details as they become available.
There is one coming up in Toronto!
How Big Is Big Enough?
Cap-Ex Could Be Canada’s Next Major Iron Ore Player
By Ted Niles
Brian Penney has no doubt Cap-Ex Ventures TSXV:CEV will be the company to take the Block 103 iron property to production. Indeed it is for this very purpose that the Chairman of Operations was brought to the project in December 2011—when Cap-Ex entered into a management agreement with merchant bank Forbes & Manhattan. An alumnus of the Iron Ore Company of Canada (a subsidiary of Rio Tinto), Penney says, “That’s the expertise I bring to this picture.”
Penney continues, “I’m a metallurgist, and my whole career has been on the operating side of iron ore rather than the exploration side. That’s one of the reasons why Cap-Ex joined with Forbes & Manhattan. I am myself a Forbes employee. We understand the blueprint in terms of removing the risk to allow us to get to production, and that’s what we’re here to do.”
Read the rest of this article. http://resourceclips.com/2012/02/27/how-big-is-big-enough/
How Big Is Big Enough?
Cap-Ex Could Be Canada’s Next Major Iron Ore Player
By Ted Niles
Brian Penney has no doubt Cap-Ex Ventures TSXV:CEV will be the company to take the Block 103 iron property to production. Indeed it is for this very purpose that the Chairman of Operations was brought to the project in December 2011—when Cap-Ex entered into a management agreement with merchant bank Forbes & Manhattan. An alumnus of the Iron Ore Company of Canada (a subsidiary of Rio Tinto), Penney says, “That’s the expertise I bring to this picture.”
Penney continues, “I’m a metallurgist, and my whole career has been on the operating side of iron ore rather than the exploration side. That’s one of the reasons why Cap-Ex joined with Forbes & Manhattan. I am myself a Forbes employee. We understand the blueprint in terms of removing the risk to allow us to get to production, and that’s what we’re here to do.”
Read the rest of this article. http://resourceclips.com/2012/02/27/how-big-is-big-enough/
How Big Is Big Enough?
Cap-Ex Could Be Canada’s Next Major Iron Ore Player
By Ted Niles
Brian Penney has no doubt Cap-Ex Ventures TSXV:CEV will be the company to take the Block 103 iron property to production. Indeed it is for this very purpose that the Chairman of Operations was brought to the project in December 2011—when Cap-Ex entered into a management agreement with merchant bank Forbes & Manhattan. An alumnus of the Iron Ore Company of Canada (a subsidiary of Rio Tinto), Penney says, “That’s the expertise I bring to this picture.”
Penney continues, “I’m a metallurgist, and my whole career has been on the operating side of iron ore rather than the exploration side. That’s one of the reasons why Cap-Ex joined with Forbes & Manhattan. I am myself a Forbes employee. We understand the blueprint in terms of removing the risk to allow us to get to production, and that’s what we’re here to do.”
Read the rest of this article. http://resourceclips.com/2012/02/27/how-big-is-big-enough/
Two Strategic Minerals
Energizer Fast-tracks Vanadium and Graphite in Madagascar
By Greg Klein
According to Brent Nykoliation, Energizer Resources TSX:EGZ faces a question of identity. “Are we a vanadium company with a graphite credit or a graphite company with a vanadium credit?” the VP of Business Development asks. “The answer is, we don’t know yet.”
A January 2011 resource estimate had already established Energizer’s Green Giant Property in Madagascar as one of the world’s largest known vanadium deposits. On that note, a PEA was initiated. Then the discovery of graphite put a whole new perspective on the project. Further exploration identified five graphitic trends apart from the vanadium zones. Those findings prompted the company to negotiate a joint venture with Malagasy Minerals MGY, in which Energizer holds a 75% interest and acts as project operator on a property that surrounds Green Giant on three sides.
Read the rest of this article. http://resourceclips.com/2012/02/29/two-strategic-minerals/
Talk About Success
An Overflow Crowd Attends North America’s First Graphite Conference
By Greg Klein
Surveying the room, Zimtu Capital TSXV:ZC President Dave Hodge stated that soaring world demand for graphite presents great challenges and opportunities. The scene was Vancouver’s February 23 Graphite Express-Conference, where an SRO crowd of over 400 brokers, analysts and investors listened to presentations and met with representatives of the junior exploration sector. Hosted by ResourceClips.com publisher OnPage Media Corp, the event was the first in North America to focus on this hot commodity.
Keynote speaker Chris Berry, co-author of Morning Notes and founder of House Mountain Partners, emphasized the role of small-cap explorers in finding resources to satisfy both current and future demand. The future of graphite, he declared, is one of highly encouraging probabilities and mind-boggling possibilities...
Read the rest of this article. http://resourceclips.com/2012/02/27/talk-about-success/
Talk About Success
An Overflow Crowd Attends North America’s First Graphite Conference
By Greg Klein
Surveying the room, Zimtu Capital TSXV:ZC President Dave Hodge stated that soaring world demand for graphite presents great challenges and opportunities. The scene was Vancouver’s February 23 Graphite Express-Conference, where an SRO crowd of over 400 brokers, analysts and investors listened to presentations and met with representatives of the junior exploration sector. Hosted by ResourceClips.com publisher OnPage Media Corp, the event was the first in North America to focus on this hot commodity.
Keynote speaker Chris Berry, co-author of Morning Notes and founder of House Mountain Partners, emphasized the role of small-cap explorers in finding resources to satisfy both current and future demand. The future of graphite, he declared, is one of highly encouraging probabilities and mind-boggling possibilities...
Read the rest of this article. http://resourceclips.com/2012/02/27/talk-about-success/
A Taste For The Market
Levon Publishes a Mexico Silver-Gold-Base Metals Project PEA
By Ted Niles
Levon Resources’ TSX:LVN preliminary economic estimate of its Cordero project was originally intended for internal use only. President and CEO Ron Tremblay admits that normal procedure is to drill off the resource before working on the economics, but Cordero is unusually large. He explains, “We’ve just started our Phase 4, 130,000-metre drill program, so there’s an awful lot more drilling to do before we’re ever going to be in a position to actually figure out how big this thing is going to be. But we needed to put something together to show the market, investors and institutions that, yes, the economics are there, and this is what they look like for the first four stages.”
The 20,000-hectare Cordero project is located on the Chihuahua side of the Chihuahua-Zacatecas Silver-Gold Belt in Mexico. The Belt hosts, among others, Goldcorp’s TSX:G Peñasquito Mine and Camino Rojo projects, as well as Silver Standard’s TSX:SSO Pitarilla and San Agustin projects. Cordero has indicated resources of 310.87 million ounces silver, 908,000 ounces gold, 5.4 billion pounds zinc and 2.87 billion pounds lead and inferred resources of 139.9 million ounces silver, 229,000 ounces gold, 2.15 billion pounds zinc and 1.21 billion pounds lead.
Read the rest of this article. http://resourceclips.com/2012/02/22/a-taste-for-the-market/
A Taste For The Market
Levon Publishes a Mexico Silver-Gold-Base Metals Project PEA
By Ted Niles
Levon Resources’ TSX:LVN preliminary economic estimate of its Cordero project was originally intended for internal use only. President and CEO Ron Tremblay admits that normal procedure is to drill off the resource before working on the economics, but Cordero is unusually large. He explains, “We’ve just started our Phase 4, 130,000-metre drill program, so there’s an awful lot more drilling to do before we’re ever going to be in a position to actually figure out how big this thing is going to be. But we needed to put something together to show the market, investors and institutions that, yes, the economics are there, and this is what they look like for the first four stages.”
The 20,000-hectare Cordero project is located on the Chihuahua side of the Chihuahua-Zacatecas Silver-Gold Belt in Mexico. The Belt hosts, among others, Goldcorp’s TSX:G Peñasquito Mine and Camino Rojo projects, as well as Silver Standard’s TSX:SSO Pitarilla and San Agustin projects. Cordero has indicated resources of 310.87 million ounces silver, 908,000 ounces gold, 5.4 billion pounds zinc and 2.87 billion pounds lead and inferred resources of 139.9 million ounces silver, 229,000 ounces gold, 2.15 billion pounds zinc and 1.21 billion pounds lead.
Read the rest of this article. http://resourceclips.com/2012/02/22/a-taste-for-the-market/
Straight To Production
Focus Fast-Tracks Quebec Graphite at Lac Knife
By Greg Klein
“This is the highest-grade graphite deposit in the world.” On that resounding note, Focus Metals TSXV:FMS President/CEO Gary Economo introduces his Quebec Lac Knife flake graphite project, which is fast-tracked for 2013 production.
At the same time, Focus is intensely involved in developing graphene, the graphite derivative Economo claims “will change the way we live, work and communicate.” Lauded as the “new silicone,” graphene is thin enough to see through, flexible, foldable, highly conductive and 200 times stronger than steel.
Read the rest of this article. http://resourceclips.com/2012/02/22/straight-to-production/
Golden Reign CEO Kim Evans on Nicaragua gold assays of 85.86 g/t over 2m
Golden Reign Resources Ltd TSXV:GRR announced assays from the San Albino Mine area of its San Albino-Murra gold property in Nueva Segovia, Nicaragua. Results include
85.86 g/t gold and 35.1 g/t silver over 2 metres
(including 171.62 g/t gold and 68.8 g/t silver over 1 metre)
4.48 g/t gold and 12.3 g/t silver over 4 metres
(including 15.08 g/t gold and 24.3 g/t silver over 1 metre)
4.22 g/t gold and 9.1 g/t silver over 1 metre
Golden Reign expects to complete drilling in March 2012 and the NI 43-101 compliant resource calculation in the first half of 2012. The company has three drill rigs turning at the San Albino Mine area.
Read the rest of this article. http://resourceclips.com/2012/02/22/golden-reign-ceo-kim-evans-on-nicaragua-gold-assays-of-85-86-gt-over-2m/
Energizer VP Brent Nykoliation on Madagascar carbon assays of 6.24% carbon over 118.6m
Energizer Resources Inc TSX:EGZ announced results from its Green Giant Property in Madagascar. The drill result shows 6.24% carbon over 118.6 metres. This assay increases a result previously reported on January 19, 2012, that showed 7.46% over 61.4 metres.
Trench results include
7.11% over 106 metres
4.19% over 5 metres
10.31% over 5 metres
10.14% over 6 metres
8.59% over 9 metres
9.53% over 6 metres
7.79% over 8 metres
8.43% over 10 metres
11.26% over 12 metres
13.83% over 10 metres
VP of Business Development Brent Nykoliation tells ResourceClips.com, “At 118 metres of 6.24% carbon, this is an excellent result. We have 17 zones. We’ve drilled seven of those zones, and the assays will be coming back over the next few weeks.
Read the rest of this article. http://resourceclips.com/2012/02/21/energizer-vp-brent-nykoliation-on-madagascar-carbon-assays-of-6-24-carbon-over-118-6m/
Silver Bull CEO Tim Barry on Mexico silver assays of 109.39 g/t over 12.6m
Silver Bull Resources, Inc TSX:SVB announced assays from the Shallow Silver zone of its Sierra Mojada project in Coahuila State, Mexico. Results include
19.9% zinc over 10.9 metres
10.06% zinc over 1.2 metres
109.39 g/t silver over 12.6 metres
64.93 g/t silver and 1.64% zinc over 48.3 metres
27.99 g/t silver and 4.57% zinc over 15 metres
144.04 g/t silver over 31 metres
67 g/t silver and 3.41% zinc over 20.6 metres
57.8 g/t silver over 14.8 metres
30.86 g/t silver and 3.14% zinc over 57.7 metres
61.7 g/t silver and 1.83% zinc over 12.4 metres
35.66 g/t silver over 20.9 metres
77.04 g/t silver over 31.9 metres
92.5 g/t silver over 8.3 metres
89.4 g/t silver over 36.3 metres
66.54 g/t silver over 16 metres
President/CEO Tim Barry tells ResourceClips.com, “Sierra Mojada has been a historical mining district for the last 100 years. Silver Bull emerged from a merger between Metalline Mining and Dome Ventures. When Metalline had the property, they had it for over 16 years and focused almost exclusively on the zinc resource there. When the merger was done, and we got to the project, we noted there was significant at-surface silver mineralization kicking around that had never been tested. Zinc at the time was living in the 50-cent range, so we changed direction for the company and started focusing on the silver mineralization. To date, we’ve put out two resource updates. The resource right now is sitting at 47.8 million ounces indicated and 13.8 million ounces inferred, and that’s out of a global resource of 84 million ounces.
Read the rest of this interview. http://www.resourceclips.com/2012/02/16/silver-bull-ceo-tim-barry-on-mexico-silver-assays-of-109-39-gt-over-12-6m/
Going Underground
PC Gold’s Pickle Crow Mine Will Produce Again in 2016
By Ted Niles
PC Gold TSX:PKL aims to have its Pickle Crow gold property producing by 2016. “I don’t see a [resource update] happening much before we get up into the proven and probable [category],” interim President/CEO JP Chauvin declares. “We’re looking at coming up with a means to do a feasibility study, and we hope to have the whole Phase 1 project completed in about two years’ time, which includes a period of time for financing. After the feasibility study, we’re looking at another year and a half to two years again in order to bring it into production.”
Located 400 kilometres northwest of Thunder Bay, Ontario, the 4,117-hectare Pickle Crow gold mine produced 1.47 million ounces of gold and 168,757 ounces of silver between 1935 and 1966. The mine has acquired something of a legendary reputation for having earned shareholders, at the height of the Great Depression, a dividend after only 11 months of production. Recognizing, as have so many other juniors, what a high gold price means for old mines, PC Gold acquired Pickle Crow in 2008.
Read the rest of this article. http://resourceclips.com/2012/02/14/going-underground/
From Gold to Graphite
Strike Picks up Projects in Saskatchewan and Quebec
By Greg Klein
Strike Gold is now Strike Graphite TSXV:SRK. The new name reflects a new focus that’s been evident since September, when the company acquired two Saskatchewan graphite properties, Simon Lake and Deep Bay East. Since then, Strike has hit the fast track with ambitious exploration plans and, just yesterday, another acquisition, the Wagon Graphite Property in Quebec.
“Our advantage is first-mover advantage,” says Corporate Development Manager Damien Lowry. “We’re getting aggressive with exploration; we look to be the next company to resource in 4Q; and we’re dealing with an exploding sector. I don’t think many people realize how many mines have to come on board to satisfy the demand for large-flake graphite.”
Read the rest of this article. http://resourceclips.com/2012/02/15/from-gold-to-graphite/