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Orestone Mining Corp. (TSX Venture Exchange-Symbol: ORS) (the “Company”) is pleased to announce a non-brokered private placement consisting of a maximum of 2,941,176 units (“Units”) at a price of $0.085 per Unit for aggregate gross proceeds of up to $250,000 (the “Private... [Read more...]
June 06, 2013
COLORADO RESOURCES LTD. (TSX-V: CXO) (“Colorado” or the “Company”) is pleased to report results from three drillholes and from surface geological, geochemical and geophysical surveys recently completed on its 100% owned North ROK Property located 15 kms northwest of Imperial Metals Red Chris Mine in NW British Columbia.
As reported in news release dated May 16,... [Read more...]
Golden Reign Resources Ltd. (the “Company” or “Golden Reign”)(TSX-V: GRR), is pleased to announce that it has received an overwhelming response to the non-brokered private placement unit offering announced yesterday, May 22, 2013. As a result, the private placement has been oversubscribed and the Company is not accepting any further subscriptions. A final tally is being completed... [Read more...]
Pistol Bay Mining Inc. (TSX VENTURE:PST) announces that it has entered into an option agreement (the “Option Agreement”) dated May 17, 2013 (the “Effective Date”) with Revolver Resources Inc. (“Revolver”) whereby Revolver may earn a 60% interest in the Summit B property (the “Property”), located in northwestern British Columbia. Under terms of the Option... [Read more...]
Vancouver, British Columbia, May 22, 2013: United Silver Corp. (“United Silver Corp.”, the “Company”, or “USC”: TSX; USC: OTC; USCZF: Frankfurt: UM8) is pleased to announce that its subsidiary, United Mine Services, Inc. (UMS) dba Stewart Contracting has secured a contract to provide ongoing environmental remediation services for the Idaho Department of Environmental... [Read more...]
May 20, 2013 4:23pm
In August 1956, the Calder Hall Power Plant in Seascale, England began generating electricity and earned the distinction of being the world’s first commercial nuclear power plant. It was a humble beginning for nuclear power; the plant only had a 50-megawatt (MW) output capacity, whereas the smallest US plant today has a 478 MW capacity. Nonetheless, Calder Hall... [Read more...]
VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 16, 2013) – GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W)(BERLIN:M1W) (“GoldQuest” or the “Company”) is pleased to announce assay results from three drill holes from the Romero mineralization, one from La Escandalosa and one in a previously undrilled area between Romero and La Escandalosa. All holes are... [Read more...]
May 15, 2013 12:18pm
The last time Vladimir Putin was president, he laid the foundation to pull Mother Russia from the wreck of economic chaos to a world power once again. This time, he’s ready to extend that influence to counter the West. His tools: Russia’s abundant resources of energy, including uranium.
There’s a new war developing on the continent, and the weapons... [Read more...]
VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 14, 2013) – Eagle Star Minerals Corp. (TSX VENTURE:EGE)(ELGSF)(E6R.F) (“Eagle Star” or “the Company”) is pleased to announce that based on positive results, the drill program being carried out at the Bomfim Agro-mineral Project has been extended in order to quantify resources on additional targets already identified... [Read more...]
TORONTO , May 14, 2013 /CNW/ – Mandalay Resources Corporation (“Mandalay” or the “Company”) (MND.TO) announced today revenues of $41.6 million and EBITDA of $19.8 million for the first quarter of 2013. The Company’s unaudited consolidated financial results for the three months ended March 31, 2013 , together with its Management’s Discussion and Analysis (“MD&A”)... [Read more...]
St. Paul, Minnesota, May 13, 2013 – PolyMet Mining Corp. (TSX: POM; NYSE MKT: PLM) (“PolyMet” or the “Company”) has been notified by the Minnesota Department of Natural Resources (“MDNR”) that ERM, the independent EIS Contractor, has completed drafting the preliminary supplemental draft Environmental Impact Statement (“EIS”) analyzing PolyMet’s 100%-owned copper-nickel-precious... [Read more...]
Vancouver, BC – Barkerville Gold Mines Ltd. (“Barkerville” or the “Company”) wishes to provide a report on the status of its proposed technical disclosure review response to the cease trade order (the “CTO”) issued by the British Columbia Securities Commission (the “BCSC”) as disclosed in the Company’s press release dated August 15, 2012.
Technical... [Read more...]
[Ed. note: This article originally appeared as a guest contribution in the "Midweek Matters" Casey Daily Dispatch.]
A couple of days after the Fed announced Ben Bernanke would not attend the Jackson Hole summit, for the first time in twenty five years, the New York Times (on the first page, no less) ran an in-depth profile of Janet Yellen, the heir apparent to run the Fed. Beneath her profile there... [Read more...]
VANCOUVER, May 1, 2013 - Novo Resources Corp. (the “Company”) (CNSX: NVO; OTCQX: NSRPF) is pleased to announce the first ever National Instrument (NI) 43-101 compliant resource estimate for its Beatons Creek Gold Project, Western Australia. This resource estimate is based on 16,107 meters of reverse circulation (RC) drilling and 478 meters of diamond core drilling completed... [Read more...]
Orestone Prepares Gold Drill Targets on Captain for Field Season
Orestone Mining Corp. (TSX Venture Exchange–Symbol: ORS) in preparation for the upcoming field season at the Captain project the Company has made application for an additional 20 diamond drill holes and 44.9 kilometers of IP geophysics to increase coverage over the large outlined magnetic high anomalies. Recent drilling has... [Read more...]
ANALYSIS — ProspectingJournal.com— As investors at the recent World Resource Investment Conference in Vancouver looked to 2013 with hopeful eyes, many agreed that 2012 couldn’t be forgotten quickly enough. The ongoing debt crisis and stagnant world economy took its toll on exploration plays in 2012, with countless articles bemoaning the “cash-starved juniors” as a group that saw equity... [Read more...]
GUEST COMMENTARY — Sally Lowder of The Gold Report (2/13/13)
The risk-reward profile of resource companies resemble those of healthcare and biotech companies, according to Brian Post, an analyst at ROTH Capital Partners, an investment bank dedicated to the small-cap public market. Part of Post’s mission is to educate his institutional clients about... [Read more...]
NEWS — Orestone Mining Corp. (TSX Venture Exchange-Symbol: ORS) is pleased to report that the Company has completed the 50 line kilometer detailed magnetic survey at the Captain Project in north central BC announced on January 25, 2013. The survey was designed to detail the Admiral (East Mag) target area where recent drill hole C12-05 intersected 100-160 meter intervals of gold copper mineralization... [Read more...]
GUEST COMMENTARY – The Gold Report - Within the universe of junior mining companies, investors need to be choosy, says Ingrid Rico, mining analyst at Toronto-based investment bank M Partners. In this interview with The Gold Report, Rico explains how analysts value miners and reveals how she will be looking at junior mining companies in 2013—with a skeptical eye, preferring those funded to complete... [Read more...]
GUEST COMMENTARY - The Gold Report - Eric Winmill, mining equities research analyst with Casimir Capital, sees great potential for small-cap metals producers and developers in the Americas—home to good infrastructure, skilled workers and great geology. In this Gold Report interview, Winmill also explains how “all-in” cash costs are making it easier for companies and investors to understand—and... [Read more...]
GUEST COMMENTARY - The Gold Report – Ian Gordon has said it before: We’re on the edge of an economic maelstrom that will breathe new life into the gold exploration industry. While his cautionary tales may be beginning to sound like the boy who cried wolf, Gordon, the founder and chairman of Longwave Group, gives some persuasive evidence to support his doomsday scenario for the greater market.... [Read more...]
GUEST COMMENTARY — Prospecting News –
In 1977 there were 1 million cars in China. Today there are 51 million. Mob scenes at Toyota dealerships in Beijing are evidence that this trend is not going away.
Global oil demand grew by 800,000 barrels a day in 2012 and is forecast to increase a million barrels a day for 2013.
The cheap easy oil is gone with the possible exception of East Africa,... [Read more...]
GUEST COMMENTARY — Louis James, Chief Metals & Mining Investment
We often hear the claim that gold producers have not met investors’ expectations for the past couple years. While there are many potential reasons for this, one explanation for their underperformance lies in the fact that producers diluted their share structures, leaving shareholders with smaller gains than they would... [Read more...]
NEWS — Oracle Energy Corp. (“the Company” or “Oracle Energy”, or “Oracle”) (TSX.V:OEC.V – News) (Frankfurt:O2E) is pleased to announce that the Direccao Geral de Energia e Geologia (“DGEG”), an agency of the Portuguese Ministry of Economy and Employment, has awarded Oracle Energy the Barreiro oil and gas concession in Portugal’s southern... [Read more...]
GUEST COMMENTARY — Brian Sylvester of The Gold Report (2/4/13)
The tough financing markets of the past few years have taken their toll on many junior resource companies, as continuing needs for capital have led to dilution and lower stock prices. In this tricky environment, Chen Lin likes to place his bets on companies that can minimize dilution through... [Read more...]